PwC and its alliance partner, Harvey, have extended access to their co-developed technology, giving clients access to M&A products and services.
Harvey, powered by PwC is in use by PwC’s M&A, tax and legal professionals and is “being licensed to clients across its global network.”
PwC’s alliance with Harvey is “exclusive among the Big Four and combines its deep domain expertise in M&A, tax and legal with Harvey’s AI capabilities to deliver a platform that streamlines document review and analysis, and optimises workflows by collecting, processing and interpreting large and complex datasets to produce recommendations, predictions and data-backed insights.”
One of the workflows developed using PwC’s knowledge has been executed over “10,000 times, allowing users to analyse vast document sets to rapidly produce initial due diligence reports that identify ‘red flags’ – generating high value insights for clients and PwC teams.”
PwC will continue to augment Harvey, powered by PwC to “create tailored products and services for clients across M&A – drawing on expertise and learnings from thousands of deals worldwide.”
As an increasing number of clients look to embrace AI solutions to optimise their deals, Harvey, powered by PwC is “placed to address vast market challenges and opportunities, with users spanning multiple sectors and a range of disciplines including private equity teams, lawyers, underwriters and corporate development teams.”
Working with PwC on its complex deals, global enterprise software company, IFS, is using Harvey, powered by PwC to “improve the quality and depth of its insights by bringing key domains together to collaborate on data-backed investment decisions, accelerating time to value.”
Beyond core investment workflows, the platform is also “building trust and adding value to broader aspects of M&A.”
Global specialty insurer, Markel, is using the platform to analyse large volumes of data – “augmenting its warranty and indemnity business, which serves a critical stage of the M&A process.”
Following the roll-out of Harvey, powered by PwC for tax and legal clients, extending access to M&A clients is “part of the firm’s broader strategy to lead the professional services market in the adoption of AI, helping its clients and staff to realise the value of next-generation technology.”
At PwC, they help clients build trust and “reinvent so they can turn complexity into competitive advantage.”
They’re a tech-forward, people-empowered network “with more than 370,000 people in 149 countries.”
Across audit and assurance, tax and legal, deals and consulting they “help build, accelerate and sustain momentum.”
PwC refers to the PwC network and/or one or “more of its member firms, each of which is a separate legal entity.”
Harvey is “domain-specific” AI for legal and professional services.
Their products streamline workflows in areas “including contract analysis, due diligence, compliance, and litigation to drive efficiency and value.”
Global law firms and enterprises “use Harvey to enable smarter decision-making.”
Backed by investors including Sequoia, Kleiner Perkins, GV, OpenAI Startup Fund, and Coatue, Harvey is used by “515+ customers in 54+ countries.”
