A Perficient AI-Enabled Solution Helped Bank Holding Company Reduce Manual Loan Processing Effort by 82 Percent
SAINT LOUIS (Dec. 10, 2019) – Perficient, Inc. (Nasdaq: PRFT) (“Perficient”), the leading digital transformation consulting firm serving Global 2000® and other large enterprise customers throughout North America, today announced it will speak at AI Summit New York, the world-leading AI event for business leaders, held Dec. 11-12 at the Javits Center in New York City.
Enterprises are increasingly turning to artificial intelligence (AI) as a key component in their digital transformation strategies to achieve competitive advantage, drive meaningful customer experiences, and increase efficiencies. As more companies invest in AI solutions, it is critical to make investments to address business problems with a vision for future scale.
“Emerging technologies like AI lend themselves to a perception that they can solve complex, challenging business issues in a very short time frame,” said Christine Livingston, Chief Strategist of AI, Perficient. “That perception tends to limit learning opportunities essential to long-term success. Creating a roadmap grounded in smaller yet still meaningful projects allows companies to gain traction and build organizational confidence to move towards bigger goals.”
Perficient helps companies align their AI investment with scalable use cases by establishing strategies that incorporate centers of excellence (CoE) structures and capability maps. The capability mapping process creates models built for scale and eliminates the need to rebuild a new solution with every use case.
Perficient recently developed an AI strategy for an American bank holding company. Seeking to infuse automation and AI into its back-office operations, Perficient leveraged multiple automation components including AI, robotic process automation, and digital process automation to incorporate visual recognition technology within their loan processing system. In addition to providing a scalable use case for future deployments, the strategic implementation reduced manual effort required for processing loans by 82 percent, resulting in meaningful cost savings.
Livingston will discuss the successful AI implementation during AI Summit New York. Included in the AI Finance Summit track, details about the presentation include:
Session Title: Real World Success Stories to Help You Prepare and Scale AI
Date/Time: Wednesday, Dec. 11, 11:50 a.m. – 12:10 p.m. ET
Speaker: Christine Livingston, Chief Strategist of AI, Perficient
Connect with Perficient Experts at AI Summit New York
Perficient will serve as a silver sponsor and its subject matter experts will be available in booth 454 to discuss how the digital consultancy has helped clients across industries leverage AI to achieve competitive advantage.
With more than 300 consultants in its data practice, 30 of which are dedicated to delivering AI solutions, Perficient has the expertise to help clients successfully execute an enterprise AI implementation. Its award-winning practice helps clients understand the value of enterprise AI, identify use cases, create a roadmap, assist with vendor recommendations, and deploy minimum viable products and pilots for successful implementation and adoption.
Perficient is the leading digital transformation consulting firm serving Global 2000® and enterprise customers throughout North America. With unparalleled information technology, management consulting, and creative capabilities, Perficient and its Perficient Digital agency deliver vision, execution, and value with outstanding digital experience, business optimization, and industry solutions. Our work enables clients to improve productivity and competitiveness; grow and strengthen relationships with customers, suppliers, and partners; and reduce costs. Perficient's professionals serve clients from a network of offices across North America and offshore locations in India and China. Traded on the Nasdaq Global Select Market, Perficient is a member of the Russell 2000 index and the S&P SmallCap 600 index. Perficient is an award-winning Adobe Platinum Partner, Platinum Level IBM business partner, a Microsoft National Service Provider and Gold Certified Partner, an Oracle Platinum Partner, an Advanced Pivotal Ready Partner, a Gold Salesforce Consulting Partner, and a Sitecore Platinum Partner. For more information, visit www.perficient.com.
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Some of the statements contained in this news release that are not purely historical statements discuss future expectations or state other forward-looking information related to financial results and business outlook for 2019. Those statements are subject to known and unknown risks, uncertainties, and other factors that could cause the actual results to differ materially from those contemplated by the statements. The forward-looking information is based on management’s current intent, belief, expectations, estimates, and projections regarding our company and our industry. You should be aware that those statements only reflect our predictions. Actual events or results may differ substantially. Important factors that could cause our actual results to be materially different from the forward-looking statements include (but are not limited to) those disclosed under the heading “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2018.