(upbeat music)
- Banks and credit unions have traditionally
grown through acquisition, and often find themselves
juggling multiple legacy systems and data sources.
Let's see how some of the new features
in the 2023 Release Wave for Power Platform
can help organizations shift to this customer-centric model
by streamlining onboarding
and achieving operational excellence.
Despite the proliferation of modern technology,
a surprising number of banks and credit unions
still require their employees to fill out paperwork by hand
and rely on manual processes.
This is where Power Automate comes into play.
A typical manual process is ensuring the compliance
of the approved invoices.
To guarantee that all invoices go through
the required process, and to check the presence
of a PO for a specific PR, you can now create a view
of accounts payable process.
With that view, it's easy to see that several POs
are being approved without being compliant.
Next step is to set up an automation that flags those POs,
and then create a business rule associated
to a trigger to filter all the POs created,
without the required PR.
Within the Root Cause analysis tab, you can also
specify specific metric and attributes for missed discounts.
You click Analyze, and you get clear and detailed insights
for process improvement.
In addition to that,
you'll be able to export the relevant POs
and check the performance of the prediction model.
After creating the business rule,
Power Automate recommends a flow automation.
The business rule trigger has just been created
in Process Advisor,
and the predefined attributes have been pre-populated
within the Power Automate Flow Designer.
Another crucial part of automating invoice processing
is to make sure that the document data extraction process
gets automated as well.
With Power Automate, organizations can use AI to do that,
and it's typical that some data isn't predicted correctly.
With this release, we're bringing a new Validation Station
to the Power Platform to review data extracted
by AI Builder within Power Automate flows.
This will help organizations review the predicted data
and fix it if needed to avoid
processing incorrect data downstream.
You can review and fix data, and you can also reject
an entire document with a specific reason.
Once satisfied with the changes,
the field can be marked as reviewed.
This Validation Station also allows you
to improve document tags.
You can add or remove tags
if these have not been detected properly,
and these changes will be seamlessly sent
to the owner of the model so it can be improved.
Let's now see how Power Virtual Agents
is helping make the sanctioning of mortgage
and loans faster for banks and financial institutions.
The Generative Answers Capability is already
empowering bots to provide intelligent multi-turn answers
across your internal and external data sources.
Making bots useful immediately, but with this new release,
the new GPT powered runtime allows bots to take action
for your users too,
with no manual topic authoring required.
Bots now have a library of plug-ins,
which can include Power Platform pre-built connectors,
your enterprise APIs wrapped as custom connectors,
and Power Automate Flows, which can then be chained together
like Lego blocks to respond to a user's request.
In this example, a bot has no custom topics added.
Now when a user makes a request,
such as asking to see available mortgages,
the power of OpenAI and GPT is used to search
across the available plug-ins
and create a dynamic plan to respond,
which you can see using the new tracing experience.
Here the bot correctly identifies that the API
for retrieving mortgages can be used,
but also sees that another plug-in can also be used
to populate the required inputs for that API.
It's also intelligently slot filled other parameters
by extracting the property value from the request.
Because it recognizes that the loan amount is missing,
GPT is used to generate the conversation
to ask for the missing value,
and the multi-turn conversation is flexible enough to cope
with the user changing their mind or correcting mistakes.
Once the bot has all the information needed filled,
the bot completes the dynamic plan
and completes the user's request.
With generative answers and actions
and Power Virtual Agents, just point your bot
to your website or other data sources, add some plug-ins,
and in just minutes, your bot is ready to publish
and made available to your users.
Let's now see how Power Apps can help financial
institutions build world-class apps rapidly,
while managing hundreds
or thousands of environments at scale.
In today's fast paced world, working together
efficiently across small and large fusion teams
to build rich, mission critical apps is crucial for success.
The Canvas Studio and Power Apps
has been an incredibly popular tool
for creating powerful custom applications.
However, in the past, the Canvas Studio has been limited
to one developer at a time for authoring and editing an app.
With this release wave, we're supercharging collaboration
by releasing a co-authoring preview for the Canvas Studio.
For the first time, multiple makers will be able to edit
a Canvas app together at the same time
and see each other's changes in real time.
Co-authoring will improve development efficiency
by lessening the need to merge edits
and manage conflicting changes from multiple app copies.
But co-authoring isn't just about efficiency.
It's about fostering teamwork
and building strong relationships.
Co-authoring and comments together will help fusion teams
avoid back and forth emails and messages,
or long meetings where only one maker can edit the app.
We are thrilled to announce a suite of powerful tools
that will revolutionize the way administrators
can govern the Power Platform.
Imagine a world where you can manage groups
of environments as one, with the help
of customizable templates of settings and policies.
It will be easier and more efficient than ever
to consistently govern your low-code estate,
allowing you to focus on what matters most,
building innovative solutions for your business.
Say goodbye to managing individual environments
and centrally govern your environments that belong
to the same group.
These groups better reflect the unique structure
and business needs of your enterprise.
Environment groups will help you
achieve unparalleled efficiency.
Think about applying a comprehensive set of rules
to govern security, compliance, cost, and more,
all from a single place.
This makes it easier than ever for teams
from across your enterprise to standardize
on the Power Platform.
Once these configurations and policies are established
in your enterprise, makers get routed to create assets
in the right destinations,
and the environments they work in are set up
with the predefined and easy to manage configurations.
With these advanced governance tools, new makers are welcome
and delighted with the rich and powerful set of capabilities
that the platform offers, and admins stay confident
that assets are always created securely in the right place
and with the guardrails they have placed.
Let's now see how Power Pages can help
financial institutions to quickly create new websites
that align with banks' branding and values,
to have a modern online presence and effectively connect
with the target audience.
With this release, Power Pages and Power Makers
to seamlessly create a website using generative AI,
just think it, describe it, Power Pages will build it.
As a maker, you can use Copilot to describe
the website you wanna build right from the homepage.
Once you've entered your description,
Power Pages will use generative AI to determine
the site map, generate homepage layout variations
and the site theme.
Copilot has just generated three layouts
based on your initial description.
Now you can easily compare the designs, choose the layout,
and then add the URL of the company.
Copilot would generate different variations
of the color theme, and you can pick one
that feels closer to the bank's brand.
Next, Copilot suggests the contextual pages
to be added to the site, and once the necessary pages
have been selected, Copilot creates an entire site
for the bank.
You can now continue to use Copilot
inside the design studio to modify and refine the website.
Next step is to create an application form
to allow students to apply for a bank loan.
With this release, Copilot can help you build
a multi-step form with the underlying table
to collect responses.
While on the homepage, use one of the starter prompts,
and provide input using natural language.
Copilot understands context
and recommends a form with four steps.
The form includes a summary step,
and Copilot automatically creates it.
Now let's move forward
and add an employment step to the form.
Copilot looks at the existing step sequence
and generates an employment step,
and if you want to add a start date,
all you have to do is ask for it.
Copilot will add fields to the form
as well as the underlying Dataverse column.
Now, you might want to add proof of income.
As a result, an attachment is quickly enabled on the form.
To learn more about the Power Platform 2023
Release Wave 2, we encourage you to review
the entire release notes,
and try out the early access features
for this release as they become available, thank you.
(bright music)