Streamlining Credit Memo Administration with AI
Short for “credit memorandum”, also known as a credit note, a credit memo is a document that records the amount of money that a seller owes to a buyer for various reasons, such as errors, returns, or discounts. It is essential for keeping accurate financial records and resolving disputes. Nowadays, a powerful new ally has […]
ESG data analysis
ESG analytics is the cornerstone of sustainability strategies. In a world increasingly shaped by environmental, social, and governance concerns, the need for comprehensive data-driven insights is crucial. ESG analytics offers organisations a unique lens through which they can assess their impact on the world, from their environmental footprint to their social responsibility and governance practices. […]
Level up Debt Collection Process with AI
Debt collection is a critical aspect of financial management for businesses and organizations, usually associated with financial services and banking industries. In McKinsey report it is noted that generative AI could greatly impact the banking industry, boosting productivity by 2.8% to 4.7%, while yielding a significant financial windfall, adding $200B to $340B in annual revenues. […]
AI role in Data Use Agreement Processing
In today’s data-driven world, organisations across various industries are increasingly relying on data to drive decision-making and gain a competitive edge. However, the utilisation of data comes with significant responsibilities, particularly when handling sensitive or confidential information. This is where Data Use Agreements (DUAs) play a pivotal role. DUAs are legal contracts that govern the […]
Uhura Solutions introduces AI Copilot Builder: Unlocking the Power of Generative AI for Document-Driven Processes
Uhura Solutions has announced the launch of its groundbreaking service, AI Copilot Builder, aimed at revolutionizing the way organizations handle document-driven processes. This innovative service harnesses the extraordinary capabilities of generative AI to automate document processing and uncover invaluable insights from documents, reports, contracts, and agreements. In today’s fast-paced business landscape, the ability to access […]
AI Safeguards GDPR Compliance in the Digital Era
As businesses continue to adopt digital technologies in their operations, the amount of data they collect and process has increased significantly. The General Data Protection Regulation (GDPR) was introduced to ensure that businesses protect the privacy and data of their customers, serving as a set of rules and regulations governing how companies collect, use, and […]
IFRS 16 Lease Accounting: A Practical Approach with AI
The introduction of International Financial Reporting Standard 16 IFRS 16 brought about a significant transformation in lease accounting. As organisations grapple with the adoption of their accounting standards, they face the daunting task of reevaluating their lease management and accounting practices. The transition to IFRS 16 requires comprehensive assessment, categorisation, and appropriate placement of leases […]
AI’s Impact on Processing Service-Level Agreements (SLAs)
SLAs are contracts between clients and providers outlining expected service quality, with varying types based on services and stakeholders (Service-Based, Customer-Based, Multi-Level, Internal, Vendor-Based, Operational Level Agreement). All SLAs share performance metrics, responsibilities, and consequences for non-compliance. Therefore, it’s crucial to emphasise the significance of data quality and compliance, especially considering recent Gartner research, organisations, […]
Senior Back-End Engineer
About us Uhura Solutions is a startup company based in London with a development centre in Podgorica. So far, the company has received $2.6 million in investments from the US fund and accelerator Techstars, the British bank Barclays, and the funds SuperSeed Ventures, Newable Ventures and South Central Ventures. The company is focused on developing […]
AI elevates the automation of ISDA Master Agreements Processing to a proficiency level
ISDA (International Swaps and Derivatives Association) Master Agreement is a legally binding agreement between two parties that outlines the terms and conditions for a derivatives transaction and as such is widely used in the financial services industry. These agreements are complex documents and require careful negotiation to ensure compliance with applicable laws and regulations. As […]
