TORONTO and GATINEAU, QC,
April 18,
2024 /PRNewswire/ - Converge Technology Solutions
Corp. ("Converge" or "the Company") (TSX: CTS) is
pleased to announce it has entered into a strategic partnership
with Forum Systems, a leader in LLM and API technologies, to
leverage QuantumSim™, a Secure Multi-LLM Gateway.
As Arun
Chandrasekaran stated in recent
Gartner® research, "Generative AI (GenAI) has the
potential to transform businesses across industries. Most business
and technology leaders believe that the benefits of GenAI far
outweigh its risks, despite the significant risks it poses and
potential regulations likely to emerge in the near future."
Converge and Forum's partnership combines cutting-edge GenAI
capabilities together with IT expertise to augment Converge's
advisory offerings. It will allow clients deep insights into their
organizational efficiency as well as enable them to deploy
responsible GenAI at scale. Complex business challenges will be
addressed through the three modules of QuantumSim™ — QS SecureGPT,
QS Contracts and QS Benefits.
QS Contracts allows legal and procurement teams to quickly
analyze contracts with LLMs, providing Converge's clients
unparalleled insight into their contracts and IT ecosystem,
ingesting thousands of contracts across an enterprise and assisting
in rationalizing IT spend by identifying overlapping capabilities,
inefficiencies, and redundancies. Additionally, this solution will
allow business, legal, and procurement teams to interact with their
contracts through public and private LLMs. QS ContractsGPT allows
enterprises to:
- Establish a Source of Truth: By ingesting contract
information from many sources including MSAs, EULAs, SOWs,
Invoices, POs, and more
- Build Corporate Memory: Establish contract lineage,
standardize terms and conditions across contracts, and preserve SME
analysis and risk templates
- Reduce Risk & Redundant Costs: Evaluate inbound
contract risks by comparing against supplier contract history and
reducing overlapping product costs
Through QS Benefits, the partnership will positively impact
Converge's clients across the healthcare ecosystem by standardizing
benefits language and accelerating document discovery and analysis,
ultimately leading to streamlined operations and improved member
satisfaction.
"Converge is thrilled to be partnering with Forum Systems on
this groundbreaking AI solution for our clients," stated
Greg Berard, Converge Chief
Executive Officer. "Artificial Intelligence is at the forefront of
today's technology landscape and it's imperative to Converge to
remain on the cusp of offering the latest innovations in AI and
analytics. We're excited to bring this new offering to market and
see it implemented with our valued healthcare clients."
Mamoon Yunus, CEO of Forum
Systems, shares Berard's enthusiasm, adding, "Contract management
and healthcare benefits are a perfect opportunity to showcase the
power of LLMs. Combining the deep domain knowledge of Converge with
our LLM expertise will prove beneficial to both organizations."
Source: Gartner, 10 Best Practices for Scaling Generative AI
Across the Enterprise, Arun
Chandrasekaran, Leinar Ramos, Alberto Pietrobon, 10
January 2024.
GARTNER is a registered trademark and service mark of Gartner,
Inc. and/or its affiliates in the U.S. and internationally and is
used herein with permission. All rights reserved.
About Forum Systems
Forum Systems is leading the Enterprise GenAI revolution.
Forum's patent-pending QuantumSim™, together with Forum Sentry,
mitigate the unpredictable nature of LLMs through integration with
corporate APIs, ensuring LLM output is truthful and accurate.
QuantumSim™ is secure by design and ships with industry-leading
guardrails, moderation, data obfuscation, and observability for
LLM-enabled offerings. Used by some of the largest global companies
for building intelligent business workflows, Forum's suite of
products provides unique solutions that allow enterprises to
reinvent themselves with GenAI.
About Converge
Converge Technology Solutions Corp. is a services-led,
software-enabled, IT & Cloud Solutions provider focused on
delivering industry-leading solutions. Converge's global approach
delivers advanced analytics, artificial intelligence (AI),
application modernization, cloud platforms, cybersecurity, digital
infrastructure, and digital workplace offerings to clients across
various industries. The Company supports these solutions with
advisory, implementation, and managed services expertise across all
major IT vendors in the marketplace. This multi-faceted approach
enables Converge to address the unique business and technology
requirements for all clients in the public and private sectors. For
more information, visit convergetp.com.
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SOURCE Converge Technology Solutions Corp.