#ILTACON & @Prosperoware: Announces Umbria Answers NLP AI Tool
Prosperoware, a leading enterprise software company delivering innovative technology transforming legal and professional services, today announces Umbria Answers, a natural language process AI tool that automates answers within Umbria 3.1. Umbria Answers changes the nature of law firm information search. The simple Q&A architecture delivers quick, consumable answers to natural language questions across firms’ business functions (HR, finance, marketing, knowledge management, business development, etc.). Prosperoware will demonstrate Umbria Answers and Umbria 3.1 at booth #201/203 during ILTACON at the Mandalay Bay in Las Vegas, Aug. 13-17.
Umbria 3.1 unifies newly interdependent business processes and behaviors clients expect their firms to master in an agile manner. The Umbria 3.1 business data engine warehouses a substantial portion of the firms’ most vital data across three dimensions: Matters, People and Clients. Use cases, therefore, span financial, marketing, experience, resourcing, and more. Umbria Answers leverages the Umbria data warehouse to circumvent elongated queries or report requests for data and rather, automates the quick processing of natural language questions to which general consumers are accustomed.
The simple Q&A architecture of Umbria Answers makes the firm’s knowledge directly and immediately accessible and lets users ask questions how and from where they work and then delivers answers rather than documents or reports. The result is faster, more reliable search and better, more relevant results—all of which substantially enhances user experience. Sample questions users can ask via Umbria Answers include:
• What is the average rate of a given matter?
• What is the cost of a project (matter) of X and Y characteristics?
• What is our margin on labor and employment matters?
• Who is expert in Environmental laws in Chicago?
• What international experience do we have in the healthcare sector?
Umbria 3.1 is the industry’s first Client Value Management solution, unifying the newly interdependent business processes and behaviors clients expect their firms to master in an agile manner. With Umbria 3.1, it’s now possible for firms to select a single, enterprise platform solution from which firms can sell, deliver, leverage the results, and measure performance as an agile continuum of interlinked processes.
Keith Lipman, President of Prosperoware, comments: “While law firms have historically possessed tremendous amounts of data, there has been little incentive and fewer tools to help them leverage their own data to their optimal, competitive advantage. Now, there are both. It is an exciting time for Prosperoware as well as our clients as we continue to drive features to Umbria 3.1 that help firms leverage their data, alter their structures to meet client demands, and just better compete, period. We are looking forward to a great ILTACON.”
Prosperoware is an enterprise software company providing solutions for law firms, corporate legal departments, and professional services firms. Our customers include half of the G20 and Am Law 200, 64% of the Am Law 100, many large global corporations, and the Big Four accounting firms. Our innovative software transforms how professionals work and enables firms to deliver more value to clients while protecting profitability. We empower firms to reduce costs, improve profitability, and better compete by:
• Enforcing and automating need to know security and risk management
• Helping firms deliver more client value through predictable fees and insight into work performed
• Empowering professionals to leverage modern profitability metrics, which drive truly informed pricing, budgeting, and delivery decisions
Our teams work primarily from offices in London, Chicago, and Philadelphia. Our more than 250 customers range in size from small firms with just a handful of users to those with more than 14,000. Prosperoware customers include: Akin Gump, Goodwin Procter, Baker Botts, Hill Dickinson, Berwin Leighton Paisner, DLA Piper, Duane Morris, Hughes Hubbard & Reed, Sheppard Mullin, Comcast, and NBCUniversal.
Patricia Ann Nagy, Director
Proxy Public Relations LLC
61 Greenpoint Ave. Suite #615
Brooklyn, NY 11222