SPC NXT is Finalist of 2024 AI Innovation Initiative in IAB Awards
Member News
June 17, 2024 - SPNXAsia Pacific member firm SPC NXT has been recognized as one of the top eight finalists for the category “AI Innovation Initiative of the Year” by International Accounting Bulletin, in the 14th Arena International Accounting Forum & Awards 2024. This fantastic achievement highlights SPC NXT's commitment to driving innovation through artificial intelligence (AI) across its business and client operations.

With a vision to transform traditional accounting processes, SPC NXT adopted Artificial Intelligence as a strategic catalyst, delivering operational excellence, business growth, and cutting-edge client solutions.
The firm invested in building an AI-focused leadership team led by experts with 20+ years of experience. They took a strong approach to datafication, creating data catalogues, data machine learning models, and a unified data platform to power advanced analytics capabilities.
Their automation processes through AI have made critical procedures like engagement planning, proposal building, and providing support services much more efficient. The AI-powered tools they use have reduced lengthy tasks, improved resource allocation, and created a better employee experience that encourages innovation.
For their clients across different industries, SPC NXT’s AI solutions give them a real competitive advantages. They have enabled companies to make their IT operations more resilient, strengthen their compliance processes, and gain valuable insights through AI-based predictive analytics and fraud detection capabilities that perform better than traditional methods. For instance, reduction of annual IT tickets by 30% and resolution time by a significant amount; AI models automated compliance assessments for third-party risk management and optimized claims processing for an insurance partner. Through strategic collaboration and partnerships with technology leaders, SPC NXT continuously expands its AI capabilities across domains.
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SPNX
SPNX is an AI-native, multi-disciplinary consulting and outsourcing firm, built for a world where intelligence is becoming core to enterprise operations. Established in 2016, the firm operates on an Outcome-as-a-Service (OaaS) model, combining consulting, technology, and managed services to design, deploy, and deliver intelligence across the value chain.
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