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Taking a strategic approach to AI adoption

Future CFO

Platforms like Hitachi iQ enable advanced financial modelling and anomaly detection, while automation has reduced the burden of reconciliation and regulatory reporting, allowing teams to focus on strategic decision-making."

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Generative AI is a game changer

Future CFO

For accountants, Gen AI can help in the reconciliation and in-depth risk assessment with its capability to execute tasks, understand context and patterns and suggest optimal strategies. Since the technology is new, there is the question of how Gen AI Financial Statements undergo the scrutiny of regulatory requirements and audits.

Auditing 111
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New SAP AI Initiatives Will Enhance Order-to-Cash to Compliance Processes

Bramasol

to drive financial models. Options for quickly simulating multiple models for comparative analysis and decision-making. These types of applications still have relevance going forward and it is helpful to view them holistically within a broader overall AI ecosystem.

SAP 94
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8 Most Common Myths Surrounding FP&A

Fpanda Club

Repetitive operations such as data acquiring, verification, reconciliation and further regular reporting tasks based on these manipulations with historical data contributed to the bad reputation of FP&A as an uninteresting place to work. FP&A is boring. Forecasts should be as accurate as possible.

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3 Key Financial Statements for Assessing a Company's Finances

The Finance Weekly

How Are These 3 Key Statements Used in Financial Models? The interplay of information within each of the three financial statements is essential in financial modeling. Incorporation of historical figures into each line item: Historical data is inserted into the respective line items within the model.

Finance 52
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Mastering financial agility: Learnings from ASEAN finance leaders

Future CFO

The pandemic gave new meaning to financial agility. It became vital as companies pivoted, recalibrated their financial models, and looked to withstand market shocks. For financial leaders, this shift in meaning created challenges. As a result, every company sought financial clarity.

Finance 52
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Going beyond compliance checkboxes for robust data governance

Future CFO

"Over the last several years, technologies like Robotic Process Automation and Intelligent Document Processing have streamlined invoice processing, expense management, and reconciliation tasks, resulting in reducing errors and freeing up finance professionals to focus on strategic decision support rather than administrative work," he says.