Challenge
A leading global accounting advisory firm supports clients with complex financial reporting and compliance, including the preparation of revenue recognition memorandums. These memos help finance and accounting teams apply the correct treatments in scenarios like joint ventures, multi-element arrangements, and long-term contracts.
Drafting each memorandum required in-depth contract analysis and significant manual effort - slowing down delivery and tying up expert resources.
Solution
To explore the potential of generative AI, Nimble Gravity developed an AI-powered solution that automates the initial drafting of revenue recognition memos. The tool ingests complex contracts, uses advanced AI search techniques to extract relevant accounting information, and applies generative AI to interpret the findings in line with applicable standards.
This delivers a high-quality first draft in minutes, giving experts a solid foundation to refine rather than starting from scratch.
Results
Self-funding innovation
Time savings free up teams to focus on higher-value advisory work.
<5 minutes per document
Automated drafting reduces prep time from hours to minutes.
Digital compliance process
AI-driven automation accelerates workflows while maintaining quality and rigor.
