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.
