Remove Financial Reporting Remove Investments Remove Risk Management
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How private companies’ AI adoption barriers are evolving as they seize opportunities

CFO Dive

financial reporting leaders indicated in a KPMG study that ethical concerns, such as bias or misinformation, are a barrier to AI adoption — down from 48% in 2023. financial reporting leaders reported that risks from using algorithms without human oversight are a barrier — down from over half (51%) in 2023.

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10 Best Practices for FP&A

The Finance Weekly

Did you know that 35% of organizations identify data quality and timeliness as significant barriers to effective financial planning and analysis (FP&A)? This issue hampers forecasting accuracy, risk management, and resource allocation. Improve steps by doing this: Monitor real-time financial performance to stay on track.

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PodChats for FutureCFO: Architecting an agile finance function in the age of AI

Future CFO

Repetitive tasks, such as financial reporting, are increasingly being automated, freeing up finance professionals to focus on strategic initiatives. A recent report by McKinsey estimates that automation could potentially displace up to 30% of work activities in finance and accounting.

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How Can AI Help Financial Planning?

The Finance Weekly

AI in financial planning uses important technologies like: Machine Learning (ML) - AI learns from data and makes better predictions over time. Natural Language Processing (NLP) - AI understands and processes human language, making it easier to analyze financial reports and documents.

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Members’ Profile: Rofhiwa Irene Singo

CFO Talks

Developing a solid technical foundation will make these skills second nature, freeing up mental capacity to focus on higher-level challenges as you progress. As you gain experience, start paying attention to strategic thinking and risk management, which are critical at the executive level.

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Taking a strategic approach to AI adoption

Future CFO

New research from global data and cloud solutions company Hitachi Vantara found that while Asia is outpacing the world in AI adoption, poor data quality and security risks threaten to stall progress. Cloud-based financial systems have improved collaboration, making data more accessible while ensuring compliance with evolving regulations."

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The CFO Confessional: Bless Me, Market, For I Have Sinned 

CFO Talks

The CFO must lead a comprehensive clean-up of financial reporting processes. This includes restating prior-period financials where necessary, strengthening internal controls, and ensuring that audit findings are addressed in full. Any suggestion of ongoing opacity or evasiveness will only delay recovery.

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