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Integrating AI - LIBOR to RFR Transition

Integrating AI - LIBOR to RFR Transition

One of the greatest internal risks to a LIBOR transition program is the identification of all relevant legal language and documentation, including contracts, leases, SLAs/OLAs.

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Scrutinizing contracts is time consuming and difficult to manage on a global scale. Any change entails reviewing all in-scope contracts to determine the right transition path. When done manually, this places a heavy burden on finance, legal, and operations teams. To address these challenges, KPMG brings together two assets to automate contract analysis and remediation:

  • Ignite is KPMG's global artificial intelligence platform. It enables KPMG to rapidly process and interpret large volumes of contracts and other types of unstructured data using state-of-the-art machine learning and natural language processing.
  • Appian is a low code, application development platform that accelerates the creation of high-impact business applications.. Appian is a fast path from idea to application, enabling document sharing, customizable business rules, real-time reporting, and powerful process management

By automating repetitive, rule-driven processes with KPMG's AI-enabled contract management and workflow platform, you have the ability to realize lower costs, greater accuracy, rapid deployment, improved compliance, and higher customer satisfaction.

For more information, watch our short video.

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