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Demystifying Artificial Intelligence in Finance
Around the world, finance teams are facing a new technological challenge: how to leverage artificial intelligence to improve processes, enhance efficiency, and save both time and money.
Your reliable resource and insights for driving AI impact in your finance organization.
As artificial intelligence (AI) continues its evolution from a futuristic concept to a practical business tool, finance leaders must learn how to harness its power to drive transformation, speed up fraud detection, improve accuracy and offer significant cost savings.
This report from Basware, in partnership with FT Longitude distils the key findings from a global survey of 400 senior finance leaders, providing useful insights and proven strategies to help CFOs and finance leaders secure the advantages AI offers.
40% of finance leaders worry they do not have the change management capabilities required to execute complex transformation projects.
Three-quarters of respondents said deploying AI tools has already given staff more freedom to focus on strategic work.
Finance departments that have implemented AI tools in their AP teams have an average ROI of 36%.
Keen to keep up with the ever-evolving world of AI? Discover more of our AI research and insights below.
Chief Product & Technology Officer
Director of AI Research and Enablement
Chief Executive Office (CEO)
“As with any project, developing a clear vision and then communicating that vision is key. Start by being clear about why you are implementing AI and what problems you think it will solve. Don’t see this as merely an IT exercise. This is a transformative initiative that will resonate across every corner of your business, driving lasting value and competitive advantage.”
“Everyone is feeling the pressure to deploy these tools, but finance leaders rightly want to see a return. They want demonstrable proof points, so they know what they’re getting right. The good news is that the business case is strong for AI ROI in areas such as accounts payable. Proven transformation success stories ensure that change feels less risky.”
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Discover how you can leverage AI technologies within your finance function, to enhance efficiencies, accuracy and boost ROI.