There is no doubt technology has the potential to radically reshape the way firms deliver services - to the market or to themselves. Some useful thoughts here around ways in which embracing AI alongside a revised focus for your finance team can dleiver much greater value to your firm.
Accountants historically used ledgers and tools to produce reports; those days are rapidly dwindling. Most CFOs would prefer their finance team to focus on value creation and stakeholder management - automation in the finance function can deliver this vision. Automation forces finance to shift their role to replace transactional processing with the definition of transactional rules, subsequently delivered via automation, logic engines & AI. This frees up the finance team’s time to focus on making critical judgements about performance and financial information instead.