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Preparing Your Finance Organization for the New Era of AI

CFO Leadership

Future-forward finance and accounting organizations were quick to embrace robotic process automation (RPA) years ago to manage mundane, repetitive back-office tasks like data entry and routine financial reporting. AI is a tool and not a replacement for finance professionals.

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PodChat for FutureCFO: Finance as a strategic enabler through analytics

Future CFO

Digital transformation has elevated the role of the finance function from financial steward to enabled. The extended COVID-19 pandemic has upped the ante in the race to finance agility. Source: Financial Accounting Advisory Services (FAAS) | 7th Global Corporate Reporting Survey | February 2021, EY.

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What Does Chat GPT Mean for Finance Teams?

Beacon CFO Plus

But what does Chat GPT mean for finance teams? Financial institutions are increasingly leveraging NLP technologies to improve their customer service and streamline various financial processes. GenCFO recently polled their users on LinkedIn and found that 65 percent felt that Chat GPT has a place in accounting and finance.

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AIs Impact on Corporate Finance

The Finance Weekly

Artificial Intelligence (AI) is gradually revolutionizing various industries, including the field of accounting and finance. In a recent webinar sponsored by Datarails , the FP&A solution for Excel users, three distinguished finance leaders came together to discuss the impact of AI on corporate finance.

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What Controllers Can Do to Help Leverage FP&A Solutions

The Finance Weekly

Although all members of a finance team play a role in the integration and use of FP&A solutions, the influence of the Financial Controller (FC) is particularly important to note. In this way, the FC can provide high-detail, granulated financial analysis that can be used by the CFO for broader financial planning.

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Shared services raise the efficiency of the finance function

Future CFO

In the finance function, basic accounting processes like accounts payable, payroll and purchasing are often allocated under the shared services model. This allows the organisation’s core finance and accounting (F&A) operations to concentrate on more strategic work, such as financial analysis and planning. "We

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Digital Transformation in Finance: How to Drive the Process

Spreadym

Digital transformation in finance refers to the process of integrating digital technologies and innovations into all aspects of financial services and operations within a financial institution or organization. What is a Goal of Digital Transformation in Finance?

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