Big Data
Cloud Computing
Data Center
Hardware
HR, Finance, Marketing
Internet
IT Management
IT-Security
Mobile
Network
Software
Klient: Concur Tech(UK)Ltd(Maidenhead)
Formaat: Whitepaper
Suurus: 2.93 MB
Keel: Inglise
Kuupäev: 12.06.2024
Why Finance Is Ready for a Breakout Transformation with Artificial Intelligence
Over the past few years, numerous finance departments have navigated this delicate equilibrium using intelligent technologies, such as process automation and predictive analytics. According to the SAP Concur CFO Pulse Survey, nearly 62% of finance leaders agree that artificial intelligence (AI) is an essential tool to manage the unexpected.
Recent breakthroughs in generative AI now offer an opportunity to transform the finance function. However, according to Gartner, 18% of finance staff demonstrate digital competency compared with just 11% of their managers.
In our conversations with finance leaders worldwide, finance processes – including travel and expense (T&E) – emerged as a prime area of transformation with generative AI, and here are the 3 core focuses.