AHEAD of the cancellation this morning of its shares on the London stock exchange in preparation for a primary listing in New Zealand, data technology and artificial intelligence firm Arria NLG has launched a business reporting tool for the UK.
Aimed at small and medium sized enterprises (SMEs), the Recount software-as-a-service (SaaS) business integrates with an online accounting provider, Xero, analysing a user’s data and producing financial insights with no human intervention.
The move marks a turning point for Arria - which was created to commercialise technology developed at Aberdeen University that generates reports in written English by analysing data.
Sharon Daniels, chairman and interim chief executive of Arria, said early test users of Recount had found it useful. “For the first time, small-to medium-sized businesses have access to affordable accounting expertise and reporting at the click of a button,” she said.
Arria is also progressing with its NLG technology in the US, and has recently signed contracts with Accenture, IBM, Pepsi, and Samsung. The company said its further expansion of its footprint and client base in the US was a key plan for 2017. To achieve this, it has hired US-based software veteran Jay DeWalt as senior vice president of global sales.
In July, Arria announced that it was moving its primary listing to New Zealand, while also joining the Australian stock market.
Arria NLG’s primary software development hub is in Aberdeen, but since mid-2015, it has been building up a development team
Continued on Page 29
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here