Andy Factotum is an intelligent tool that allows you to use Artificial Intelligence to derive information from accounting and financial data more simply and intuitively.
Andy Factotum connects to the Accounting (general and analytical accounting) and Financial Planning software and allows for natural language interaction thanks to the identification of meta tags in the dataset.
Andy Factotum is based on the conception that the added value given by the end user is about data interpretation rather than the creation of reports using complex User Interfaces (UIs).
Furthermore, Andy Factotum comes with an advanced neural network that allows it to make previsions that are more accurate than the ones made by the Accounting and Financial Planning Software using traditional statistical tools. It is possible to use these forecasts in two ways:
– Asking them directly to Andy: “Considering the current trends, is it realistic to assume 34% as operating margin for the next quarter?”
– Using a proactivity function, which allows Andy to autonomously conduct simulations on data and identify potential opportunities and risks: “The Alfa customer usually has pending debt with us when the week before the payment is not requested. Without that cash flow, it may be necessary to ask for an extension of payment to the Beta supplier, which can be requested by the contract with a 2% surcharge by the next week. Considering the relative risk associated with the Alfa customer, I advise you to notify the supplier.”
What it does
Understand natural language to interact with the company’s data
Andy Factotum is capable of understanding natural language and convert it into an input to communicate with the Accounting and Financial Planning software. The use of natural language as a mean of interaction removes the learning curve barrier, thus saving significant amounts of time and having the user focus only on the activities that create value.
Creation of forecasts about future scenarios using “White Box” Neural Networks and causal correlation
Andy Factotum can create future scenario analyses thanks to the AI networks developed by Divisible Global, more potent than the traditional prevision systems used by Business Intelligence software.
Divisible’s causal correlation algorithm is capable of identifying cause-effect relations within data (and not only mathematical ones, as happens with statistical correlation), while the White Box neural network provides a detailed overview of the most relevant variables that affect the end result.
Using proactivity to autonomously produce scenario simulations to identify potential opportunities and risks
Andy Factotum can autonomously simulate scenarios to immediately identify opportunities and risks that may happen thanks to its Proactivity function, all with settable custom goals that can act as guidelines for Andy’s analyses on the goodness of scenarios. For example, if we want to increase the Working Capital, Andy autonomously conducts the necessary scenario analyses to obtain the desired result, only asking the user for the unavailable data.
Supervised and Unsupervised Learning
Andy Factotum can learn to improve its predictive model as time passes, by comparing old forecasted data and actual data (supervised learning) and analyzing new data (unsupervised learning).
Customization of models through Hornet AI.
Andy Factotum is capable of developing predictive models that answer to the primary needs of a company and is the result of years of field studies and experiences. But, since we know that every firm has different needs and preferences, we developed an integration with our Hornet AI technology for Andy Factotum that allows for the independent creation of machine learning models to answer to all the question that a company may have.
Data Storytelling: Optimized report creation
Andy Factotum can help the user in transforming the multitude of data into useful information to take effective decisions – one of the hardest challenges nowadays. Andy Factotum can recognize data types and guide the user in the creation of relevant and trustworthy reports.