Source - RNS
RNS Number : 4782I
Arria NLG PLC
31 August 2016
 

31 August 2016

 Arria NLG plc

("Arria NLG" or the "Company")

 

Product Launch

 

Arria NLG (AIM: NLG), a technology leader in Natural Language Generation ("NLG"), is pleased to announce the public beta launch of Recount, a Software as a Service ("SaaS") business reporting tool 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 is an Artificial Intelligence (AI) solution developed by Arria NLG for use by small and medium sized businesses, to provide them with access to full time skills common to financial analysts, spotting trends, identifying problems, and forecasting what's likely to happen next.  Using Arria NLG's patented technology, the Company has created a SaaS based solution which will provide reports with relevant details, in seconds.

The Public Beta will include a free Healthcheck Report which demonstrates:
 

• NLG Narrative

• Interactive charts

• Detailed Sales Report

• Detailed Cash Report

• Detailed Expenses Report

• Detailed Receivables Report

• Simple Sales Forecast

• Word Export

 

Recount has been integrated into Xero's offerings for release in Australia and New Zealand, and will be available for Xero and Quickbooks in the USA by December, with more integration partners to come.  Recount provides users with natural language narrative, interactive charts, detailed reports on sales, cash position, expenses and simple sales forecasts; all able to be exported to Microsoft Word and available for as little as the equivalent of £20 per month.

Sharon Daniels, Chairman and Interim CEO of Arria NLG plc, commented: "Recount literally tells you what is happening in your business. It is exciting to be at the start of this growth journey with Artificial Intelligence for small and medium sized businesses.  Quickbooks' SaaS service alone has over 1.5 million users worldwide, with XERO on 700,000 and growing fast.  We believe that both Quickbooks and XERO users will see Recount as a way to turbocharge their existing process.

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

 

For further information, please visit www.arria.com or contact:

 

Arria NLG plc
Sharon Daniels
Chairman and Interim CEO

 

Tel :+44 (0)20 7100 4540

Allenby Capital

Nominated Adviser & Joint Broker
Nick Naylor
Jeremy Porter
James Reeve

 

Tel: +44 (0)20 3328 5656

MSL Capital Markets
Lead Manager

Andrew McDouall
Justine Dunnett
Peter Lynds

 

Tel: +64 (0)4 472 2716

Stockdale Securities
Joint Broker

Antonio Bossi
Robert Finlay

 

Tel: +44 (0)20 7601 6100

IFC Advisory
Financial PR and IR

Tim Metcalfe
Graham Herring
Heather Armstrong

 

Tel: +44 (0)20 3053 8671

[email protected] [email protected] [email protected]

Ruder Finn
PR (USA)

Scott Beaver (West Coast)
Brianna Mulligan (East Coast)
 

Tel: +1 541-326-5847
Tel: +1 203-246-1304

Arria NLG

 

Arria NLG's core product is known as the Arria NLG Platform, a form of artificial intelligence software specialised in extracting information from complex data sources and communicating that information in natural language (i.e. as if written by a human). The scientific foundation for the Arria NLG Platform is based on more than 30 years of research and development by the founders of Arria Data2Text Limited at the University of Aberdeen. For additional information, visit www.arria.com. Follow Arria NLG on Twitter, LinkedIn, Google+ and YouTube.

 

About Recount

 

Recount is an Artificial Intelligence (AI) solution developed by Arria NLG for use by small and medium sized businesses, to provide them with access to full time skills common to financial analysts, spotting trends, identifying problems, and forecasting what's likely to happen next.  Using Arria NLG's patented technology, the Company has created a SaaS based solution which will provide reports with relevant details, in seconds.

Find out more at recount.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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