Arria NLG launches financial analyst in-a-box for SMEs

Arria NLG has launched a new artificial intelligence software tool to help small and medium sized businesses quickly translate complicated accounts into "instant financial insights" in simple language.

The software-as-a-service tool, known as Recount and designed to work with large online accounting systems such as Xero, Quickbooks and Sage, providing customers with instant financial insights, expressed in plain language.

Recount will give SMEs "skills common to financial analysts, spotting trends, identifying problems, and forecasting what's likely to happen next", generated using Arria's 'natural language generation' algorithm in a matter of seconds.

Sharon Daniels, chairman and interim chief executive of Arria NLG noted that Quickbooks' SaaS service alone has over 1.5m users worldwide, while Xero has grown fast to 700,000.

"We believe that both Quickbooks and XERO users will see Recount as a way to turbocharge their existing process," she said.

"This is a key milestone in our journey to expand our product offerings and develop ongoing recurring revenue models for our patented NLG technology."