FASB studies AI use in financial data analysis
CFO Dive
MARCH 3, 2023
The surge in use of conversational artificial intelligence has prompted scrutiny of the technology’s role in financial decisions.
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CFO Dive
MARCH 3, 2023
The surge in use of conversational artificial intelligence has prompted scrutiny of the technology’s role in financial decisions.
CFO Leadership
MAY 31, 2023
Survey: Executives Optimistic Despite Financial Disruption, Prioritizing Technology Adoption to Combat Talent Shortage As we near the halfway mark of 2023, the overwhelming theme throughout the year has been uncertainty. Not that technology is seen as a panacea — talent is still a worry.
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Spreadym
MARCH 15, 2023
Corporate data processing refers to the use of technology to collect, store, manipulate, and analyze large amounts of business data in a corporate setting. Data Processing: After data is stored, it needs to be processed to derive insights and inform business decisions. Read about how it is made in Spreadym.
CFO Leadership
MAY 31, 2023
Survey: Executives Optimistic Despite Financial Disruption, Prioritizing Technology Adoption to Combat Talent Shortage As we near the halfway mark of 2023, the overwhelming theme throughout the year has been uncertainty. Not that technology is seen as a panacea — talent is still a worry.
Future CFO
MARCH 2, 2023
Autonomous technology in finance will impact FP&A and controllership in three ways, as acceptance of these technologies among finance leaders is more prevalent, said Gartner recently. “80% The post Autonomous technology in finance to impact FP&A, controllership in three ways appeared first on FutureCFO.
The Finance Weekly
DECEMBER 30, 2021
For businesses, this might spell out the adoption of a new strategy, scheduling approach, or technology implementation. Technology implementation has been a popular course of action in recent years for many organizations. Moreover, how do you ensure data quality, security, and privacy as cybersecurity breaches stubbornly persist?
Future CFO
MARCH 22, 2022
Luxury resort operator Soneva has selected Workday to help it digitally transform finance operation and capabilities, the technology company announced recently. Soneva currently has four properties it operates across Thailand and the Maldives, according to Workday.
Future CFO
OCTOBER 24, 2023
The advent of digital technology is already having its weight in the way organisations run their tax departments. Companies are now actively looking into technologies that can introduce greater automation into their tax compliance processes.
Future CFO
JANUARY 2, 2024
By outsourcing, businesses can reduce expenses related to salaries, benefits, training, office space, and technology infrastructure. Access to Advanced Technology and Tools: Outsourcing firms often invest in state-of-the-art accounting software and technologies to improve efficiency and accuracy.
Centage
MAY 10, 2022
Given the current business environment, today’s finance leaders need to be agile and adjust their technology in response to their business’ changing needs. According to Gartner’s 2021 Emerging Technology Product Leader Survey , nearly half of respondents chose cloud-based software as a top three emerging technology investment.
PYMNTS
MARCH 5, 2017
Our partners, and 7-Eleven in particular, have always been very forward-thinking and innovative when it comes to this sort of payment technology market,” Kaplan said. But there are fewer consumers who are unfamiliar or uncomfortable with digital payment technology every day. To download the analysis, fill out the form below… .
Spreadym
OCTOBER 3, 2023
Data Analysis: They use data analytics tools and techniques to extract insights from financial data, providing valuable information to support strategic decisions. This includes building pro forma financial statements, forecasting cash flows, and scenario analysis.
Future CFO
JULY 17, 2023
Global corporate treasury leaders can serve as particularly essential strategic advisers right now— if they can harness the right data, analysis, and technology strategy to navigate choppy market conditions.
Future CFO
AUGUST 1, 2023
The demand for mobile wallets, online banking services, and the increasing adoption of digital technologies has led to the expansion of the financial applications market in Asia/Pacific. This trend is driven by the need for real-time data analysis and insights to make informed business decisions.
CFO Leadership
APRIL 2, 2024
Lessen the workload with technology Many accountants spend a large portion of their time doing basic, repetitive tasks rather than more strategic financial analysis. With the right technology in place, companies can lessen the accounting staffing needed, without sacrificing accuracy or compliance.
Centage
JANUARY 18, 2024
Here are some more key practices that leverage technology to enhance collaboration, streamline accurate forecasting and reporting, and unlock more time for high-value strategic analysis. Embracing technological advancements in FP&A The finance team isn’t usually first in line to get the latest new software or tech.
Future CFO
AUGUST 30, 2023
Top industries in Hong Kong expected to hire thoughout 2023 include banking and finance, technology, and sustainability, said Hays recently when releasing its 2023 Hays Asia Salary Guide. This has created a continued demand for tech skills on all levels, particularly in Business Transformation, Cyber Security and Data Analytics.
Future CFO
AUGUST 21, 2023
Mark D McDonald “Just like any disruptive technology throughout history, AI will inevitably displace and replace some roles and skills, but new roles, skills, and opportunities will also emerge." What level of maturity in terms of experience at work and in the use of technology should a finance person have for AI to make a difference?
Future CFO
DECEMBER 17, 2023
Technology and some budget flexibility will boost confidence The theme of 2023 is doing more with less, and that will continue to be the case as economic uncertainty carries over into 2024, said Tom Lavin, Chief Controlling Officer, Marketing and Solutions. Exceptions will trigger AI-driven, automated audits to ensure compliance.
PYMNTS
OCTOBER 7, 2016
Plati Potom develops post-payment solutions for eCommerce and offline retailers, as well as data analysis and credit risk management tools. For QIWI, this transaction is another step in implementing its M&A strategy of investing in promising teams and technologies in the FinTech space. QIWI announced on Thursday (Oct.
The Finance Weekly
FEBRUARY 21, 2024
This unique blend of comfort and advanced technology ensures finance teams can operate within a known environment while accessing the benefits of modern financial software. AI-Driven Insights and IT Relief One of the most compelling features of Datarails Connect is its AI capabilities, which automate and optimize financial data analysis.
Future CFO
JULY 12, 2023
CEOs also seem to maintain a pragmatic mindset when investing in advanced technology and recognise the need to invest in and understand AI and how it will affect their organisation, Deloitte added. Overwhelmingly, CEOs see solving climate change (93%) and geopolitical stability (92%) issues with collaboration rather than competition.
PYMNTS
JANUARY 2, 2020
The largest accounting firms – EY, Deloitte, KPMG and PwC – are investing billions of dollars in artificial intelligence (AI) and data technology products to change the industry in new ways, according to a report by Bloomberg Tax. We are a professional services firm, but technology is core to our future.”.
The Finance Weekly
DECEMBER 5, 2023
There's a significant demand for individuals proficient in data analysis, forecasting, and the associated technologies. Automation handles transactional tasks, analytics handles Big Data, and business leaders seek real-time insights.
Future CFO
AUGUST 7, 2023
Edge AI Demand for Edge AI is growing to enable the processing of data at the point of creation at the edge, helping organisations to gain real-time insights, detect new patterns and meet stringent data privacy requirements. Edge AI also helps organisations improve the development, orchestration, integration and deployment of AI.
CFO Share
JULY 27, 2023
AI Advantages and Opportunities for CFOs AI presents key advantages and opportunities for CFOs: AI Enhanced Data Analysis AI enables CFOs to analyze large volumes of financial data quickly and accurately, uncovering valuable insights for decision-making. Where will you take AI in your business?
Jedox Finance
SEPTEMBER 29, 2021
This term, set by Gartner, overlooks financial and non-financial business processes, data, and technology tools. Unified tools and processes reduce data silos, decrease a risk of potential misalignment, and support better long-term business performance. Connecting the dots.
CFO Leadership
OCTOBER 10, 2023
Financial analysts and others can use the technology to assemble insights in a range of formats — from bulleted lists to slide decks to summary reports — for various audiences to use for more accurate and timely business decision-making. But it’s a heavy lift and it requires skill sets you may not have in-house.
PYMNTS
SEPTEMBER 4, 2019
The online lending platform pointed to Radius Intelligence’s capabilities in data acquisition and entity resolution, which enable its data analytics platform to analyze disparate and complex datasets, it said. That data analysis aims to provide actionable insights into small businesses’ cash flow.
PYMNTS
OCTOBER 16, 2020
Harnessing consumers’ digital information is critical to the success of any business, and data analytics and artificial intelligence (AI) can be especially powerful tools. Fast-food giant McDonald’s was not interested in using AI or data analytics until it noticed that many of its competitors were benefiting from the technologies.
The Finance Weekly
NOVEMBER 7, 2023
Collecting and Organizing Data One big problem for FP&A teams is the difficulty of getting data from different places. Doing it this way takes a lot of time and makes mistakes more likely, which can make the data analysis less reliable. This makes the data more accurate and easier to access.
Future CFO
APRIL 3, 2023
Using machine learning and artificial intelligence (AI) for forecasting and predictive analysis is the next frontier for companies, where efficiency gains from RPA can help create more time for higher-value work such as AI-enabled data analysis and forecasting.
PYMNTS
NOVEMBER 16, 2020
PwC has spun out its technology for proprietary intelligent data capture to help create a new business, LIKEZERO , focused on next-generation data capture, a press release says.
PYMNTS
JUNE 1, 2020
The teams of EY will tap into the software technology of GTKonnect, which covers a number of areas with the inclusion of free trade agreements, import/export compliance, country of origin, master data management, foreign trade zones and tariff classification as well as reconciliation.
PYMNTS
SEPTEMBER 17, 2019
DataVisor has announced the launch of its new Feature Platform, which automates fraud detection through the use of artificial intelligence and machine learning data capabilities. The hallmark of the DataVisor approach is our holistic approach to data analysis using sophisticated feature engineering and machine learning.
Centage
SEPTEMBER 20, 2022
Fortunately, modern financial planning and analysis technologies are offering savvy business leaders the opportunity to get ahead and stay there. Using the latest automation technology, companies can gather the practical, data-driven insights they need to make intelligent contributions.
Bramasol
SEPTEMBER 10, 2023
Natural Language Processing (NLP) : NLP technologies analyze customer feedback, reviews, and social media comments to gain insights into customer sentiments and preferences, enabling companies to make data-driven improvements, gauge customer satisfaction, and identify areas for improvement.
Centage
MAY 3, 2022
In an effort to continue delivering the best possible services, Centage has teamed up with global technology firm Intuit Inc., The leading provider of modern cloud-based FP&A solutions for mid-sized organizations, Centage Corporation prides itself on empowering today’s financial leaders to better guide their organizations to success.
Future CFO
JANUARY 26, 2024
The technological advancement provides more than just automation and reshapes roles, empowering finance teams to zero in on strategic activities like data analysis, supplier negotiations, and decision-making. Systems powered by artificial intelligence are without a doubt revolutionising invoice processing in finance departments.
Centage
SEPTEMBER 7, 2021
As defined by Wikipedia, Business Intelligence comprises the strategies and technologies used by enterprises for the data analysis of business information. BI technologies provide historical, current, and predictive views of business operations. Which is why Business Intelligence is so important.
PYMNTS
MARCH 18, 2020
Technology giant IBM plans to launch a blockchain-based contractor management solution called IBM Contingent Labor later this year, according to a press release. The solution, intended to reduce vendor onboarding costs, was created in conjunction with blockchain consulting firm IT People and is powered by Hyperledger Fabric technology.
Spreadym
FEBRUARY 26, 2023
From Excel to EPM System Excel allows users to collect data with various resources for on-request data analysis. We understand that regular data exchange between all corporate systems is the basis of good analytics. In the morning, the system will provide the user with updated data and model structure configurations.
PYMNTS
MARCH 1, 2019
According to The Japan Times , the country’s National Police Agency is trying to ward off illegal transactions by training specialists in data analysis, as well as looking into artificial intelligence (AI) technology that can detect illegal trades.
PYMNTS
DECEMBER 16, 2020
The digital selling transformation is happening at a time when the vehicles themselves are getting more and more technologically advanced. They added that machine learning enables vehicles to use data to imitate the human mind, language understanding, problem-solving and other traits. Digital Dealers Are Selling Computerized Cars.
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