Glossary

Generative AI refers to artificial intelligence systems capable of creating new content, text, images, code, or data, rather than simply analyzing existing information. These models, often powered by large language models (LLMs), can synthesize knowledge, summarize insights, and generate human-like outputs from unstructured data sources.

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In the finance and administrative world, generative AI is not about creativity, it’s about precision and speed. At Phacet, it is used to generate structured financial information from unstructured documents such as invoices, contracts, or bank statements. Instead of just reading data, the system produces clean, reliable datasets that can be instantly used for reporting, reconciliation, or audit purposes.

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Generative AI also supports decision-making by producing contextual analyses: highlighting anomalies, suggesting categorizations, or summarizing the content of lengthy financial documents. Within Phacet’s platform, this intelligence is integrated into AI agents that operate under human supervision, combining generative reasoning with full traceability, security, and GDPR compliance.

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The result is a new level of efficiency: finance teams gain access to trustworthy insights without the manual burden of data entry or document review. Generative AI transforms hours of repetitive work into seconds of analysis, all while preserving human oversight and business context.

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Phacet leverages generative AI not to replace people, but to amplify their impact, enabling finance professionals to focus on strategy, while AI handles the complexity of data.