APEX Analytix today announced the launch of APEX Archimedes™, a digital innovation system integrating IBM Watson® to drive continuous financial improvement for its clients. APEX Archimedes combines artificial intelligence software capabilities including machine learning, robotic process automation, and natural language processing running on the APEX Cloud.
Danny Thompson, Senior Vice President of Market and Product Strategy at APEX Analytix commented; "APEX Analytix has been working with IBM for well over 6 months, identifying meaningful ways to integrate Watson into APEX's software and services. While we have been taking advantage of advanced cognitive technologies like machine learning and predictive analytics (and more recently, robotics) for most of our 29-year history, we knew Watson's unstructured data and natural language processing capabilities provided new opportunities. After several successful Proof-of-Concepts, we concluded real value for our clients can be produced by transforming traditional audit, controls, and working capital optimization processes to take advantage of IBM Watson. We have brought together these capabilities under the Archimedes brand and established the Archimedes COE to deliver the most impactful innovations to market, as quickly as possible. Look for our first client-facing Watson-enabled solution within a month."
The announcement of the Archimedes system, in conjunction with IBM Watson, is the beginning of a new era for technology innovation in the supplier portal and AP Recovery Audit industry.
IBM Watson is being integrated into APEX Analytix software to act specifically on unstructured data and natural language. It’s certainly a very exciting time for APEX Analytix.
For more information visit https://www.apexanalytix.com/
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