Winning Together: How Provectus and Cohere Unlock the Value of Generative AI for Business

Author:
Provectus, AI-first consultancy and solutions provider

It is undeniable — the era of AI has arrived.

Business leaders across various industries recognize that AI, particularly generative AI (GenAI), presents a unique opportunity for companies to sustain and advance a competitive edge. However, they understand they need reliable partners to help them navigate from their first Gen AI use cases to full-scale solution deployment and enterprise-wide AI transformation.

Provectus, an AI-first consultancy and solutions provider, and Cohere, the leading data security-focused enterprise AI company, are partnering to help businesses tackle the challenges of adopting AI & GenAI.

The partnership between Provectus and Cohere rests on the following pillars:

• Provectus is the only pure-play, hands-on AI consulting partner. Unlike other companies that experimented with cloud migration, SAP, Windows, Salesforce, and business process outsourcing (BPO), and have only recently shifted focus to AI, Provectus’ expertise has been rooted in AI from the company’s inception.
• Cohere is an enterprise AI company with industry-leading frontier AI models optimized to excel at business-critical capabilities. This includes verifiable accuracy with citations using retrieval-augmented generation (RAG), multilingual coverage to support global business operations, and tool use to automate complex business tasks that enterprise customers need. Cohere’s AI technologies enable businesses to build powerful AI applications to enhance their product suite and boost productivity and efficiency across sectors.
• Provectus boasts a comprehensive suite of AI & GenAI solutions. The company addresses specific niche use cases for sectors like BFSI, HCLS, CPG, Retail, eCommerce, as well as general functions including Sales, Finance, Customer Success, and Supply Chain.
• Cohere’s enterprise-grade LLMs, including Command, Embed, and Rerank, are designed to augment and elevate the global workforce. They serve as a foundation for various case-specific enterprise solutions for generating, summarizing, searching, classifying, and embedding information so businesses can get the most value out of their data.
• Provetus’ unique AI transformation methodology is designed for top-down implementation, starting at the Board level. It includes C-level education and strategy, day-zero security, risk, governance, compliance playbooks and infrastructure, as well as a proven methodology for AI & GenAI use case discovery and prioritization.
• Developed with top performance and customization in mind, Cohere offers various deployment options including all major cloud platforms, on-premises, and on your private cloud. This offers businesses enhanced flexibility, data control, and the highest levels of security and privacy.
• Provectus and Cohere guide their customers through every stage of GenAI adoption. As this complex technology continues to evolve, both companies are committed to helping businesses design, build, deploy, and scale solutions that deliver tangible business value.

In the first months of the partnership which began in 2023, most customer projects were typically smaller-scale, prototype initiatives across industries such as healthcare, life sciences, financial services, insurance, supply chain, logistics, legal, and hospitality. While many businesses were excited about the potential of generative AI, they remained uncertain about its long-term impact and were increasingly cautious of potential risks, some of which were perceived rather than real. For that reason, ideation, exploration, experimentation, and evaluation were the main focus in 2023. Once a GenAI solution prototype was developed, the initial phase involved thorough monitoring of results to validate its business value. Businesses were only ready to move to production (and to scale) after the benefits were firmly established.

In 2024, as customers have grown more confident with their pilot GenAI use cases, they have moved to the production phase and have been looking to adopt enterprise-wide generative AI solutions. Simultaneously, they are optimizing their existing GenAI workloads for scale and exploring new GenAI use cases powered by Cohere LLMs. For example, an insurance company that began using Cohere’s Command in 2023 to summarize underwriting reports can now expand its GenAI capabilities with the latest state-of-the-art Command R+ model, enabling its underwriters to ask natural-language questions to these reports and receive accurate, contextually relevant answers in mere seconds.

“We at Provectus are thrilled to be early adopters and partners with Cohere,” says Stepan Pushkarev, CEO & CTO of Provectus. “The market position of Cohere is unique. Their models are increasingly cost-efficient, high-quality, and RAG-optimized, offering one of the best ROIs for production-scale GenAI applications. We look forward to leveraging Cohere to maximize the value of generative AI for our customers and partners.”

The partnership has already made an impact in the financial services industry. Johnson Lambert, a niche-focused CPA and consulting firm, recognized an opportunity to use generative AI to extract table data from actuary reports in PDF format, thus streamlining the costly and time-consuming auditing process critical to their business.

“Partnering with Provectus and leveraging Cohere’s generative AI technology have transformed business processes in our firm,” says David Fuge, CIO at Johnson Lambert LLP. “Since adopting generative AI, our employees have already seen a 50% reduction in document processing time, with the potential for reductions of up to 80%. Johnson Lambert’s employees previously spent hours parsing information from unstructured PDF reports. Now they can extract, summarize, and perform calculations on extracted data in minutes. The Provectus GenAI solution, powered by Cohere, has delivered substantial time savings, reduced errors, and improved data safety and security, enabling us to shift our focus from tedious manual work to impactful solutions for our clients.”

Read the full case study here.

Provectus and Cohere are excited to be working together to help enterprises adopt generative AI and accelerate their AI transformation. Cohere’s unique enterprise AI platform and its robust family of large language models are invaluable assets on this journey.

About Provectus
Provectus is an Artificial Intelligence consultancy and solutions provider, helping companies in Financial Services, Healthcare & Life Sciences, Retail & CPG, Media & Entertainment, Manufacturing, and Internet businesses achieve their objectives through AI. Provectus is headquartered in San Francisco, California. For more information, visit provectus.com.

About Cohere
Cohere is the leading data security-focused enterprise AI company. It is a global technology company co-headquartered in Toronto and San Francisco, with key offices in London and New York. The company builds enterprise-grade frontier AI models designed to solve real-world business challenges. Cohere’s AI solutions are cloud-agnostic to meet companies wherever their data is stored and offer the highest levels of security, privacy, and customization with on-premises and private cloud deployment options. For more information, visit cohere.com.