Limited liability company and Natural language generation: Difference between pages

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In a limited liability company the liability of the members is restricted to a predefined amount.
''Information technology (IT).''


In the case of a company ''limited by shares'' the members' liability is restricted to the amount, if any, unpaid on the shares they hold.  
Natural language generation is the process of taking data and using IT to produce relevant text.


Almost all commercial companies are of this type.


:<span style="color:#4B0082">'''''Save 90 minutes repeatedly'''''</span>


In a company ''limited by guarantee'' the liability of the members is restricted to a predefined amount which the members guarantee to contribute (on the event of any winding up of the company).
:"Instead of having an analyst write a commentary around a set of numbers [an IT] generated script will create that written analysis, meaning reports that may have taken 90 minutes to write in the past will only take seconds or minutes."


 
:''The Treasurer magazine, December 2019, p19 - Stuart Wray CA AMCT, Head of Implementation, Future Finance, RBS.''
Often abbreviated to 'limited company'.
 
 
The purpose is to encourage enterprise by reducing the risk of personal bankruptcy.
 
Balancing the benefits of limited liability for the members, the company itself must prepare and file financial and other information at the companies registry, to enable creditors and others to access data relevant to the creditworthiness of the organisation.




== See also ==
== See also ==
* [[Bankruptcy]]
* [[Algorithm]]
* [[Companies registry]]
* [[Artificial intelligence]]
* [[Creditors]]
* [[Information technology]]
* [[Creditworthiness]]
* [[Natural language processing]]
* [[Financial reporting]]
* [[Robotics]]
* [[Guarantee]]
* [[RPA]]
* [[Limited liability]]
* [[Software robot]]
* [[Limited liability partnership]]
* [[Visualisation]]
* [[Member]]
* [[Public limited company]]
* [[Share]]
* [[Unlimited company]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Risk_reporting]]
[[Category:Technology]]
[[Category:Treasury_operations_infrastructure]]

Revision as of 16:20, 18 December 2019

Information technology (IT).

Natural language generation is the process of taking data and using IT to produce relevant text.


Save 90 minutes repeatedly
"Instead of having an analyst write a commentary around a set of numbers [an IT] generated script will create that written analysis, meaning reports that may have taken 90 minutes to write in the past will only take seconds or minutes."
The Treasurer magazine, December 2019, p19 - Stuart Wray CA AMCT, Head of Implementation, Future Finance, RBS.


See also

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