PositiveVision, Inc.’s Post

Great article shedding light on how PE Operating Partners are strategizing the implementation of AI within their portfolio company's CFO organizations. Check it out here: https://lnkd.in/gZDY4RCR

May 31 2024 AI News! Billtrust's new report, "Generative AI & The Office of the CFO," surveyed 375 U.S. CFOs, revealing that 65% now integrate AI into their strategy, up from 42% last quarter. Despite a knowledge gap, with only 49% feeling "very knowledgeable," CFOs report 32% efficiency gains and improved financial reporting. Key challenges include data privacy and workforce training. 77% plan to increase AI investment next year. Generative AI is revolutionizing CFOs' strategic landscape, driving operational efficiency and decision-making intelligence. What do you think about this shift? Thanks for reading! MY THOUGHTS 🧐 Billtrust's report is telling. I hear people talk about about data security concerns all the time with AI, and there are solutions. I would love to see the general sentiment of issues we may encounter with AI move away from “we can’t” to “how can we.” Do you guys have thoughts about this? Have you seen any interesting adoptions or lack of adoptions of AI in your industry? ⬇️Click the link below to read the article⬇️ https://lnkd.in/gbH5m6xM

AI and ML have the potential to change the way we all work: for the CFO, this could be the key to transforming Finance from the scorekeeper that tracks value to the futurist that actually creates and grows value.

AI and ML have the potential to change the way we all work: for the CFO, this could be the key to transforming Finance from the scorekeeper that tracks value to the futurist that actually creates and grows value.

ICYMI: Our latest #blog tackles how #AI positively impacts the CFO’s work in several ways and can potentially boost the company’s return on investment (ROI). Check it out here: https://lnkd.in/gpHStppY #CFO #DataManagement #Automation #ArtificialIntelligence

Here are some examples: 1. Analyzing Data and Providing Insights 2. Automating Processes 3. Cash Flow Management and Forecasting 4. Risk Management and Fraud Detection 5. Regulatory Reporting and Compliance Read on: https://lnkd.in/gX7cK88g

🚀 Is your finance team harnessing the power of AI? 📊 One in three finance organizations are leveraging **generative AI** for game-changing benefits like process automation and accurate financial forecasting. But here's the kicker – to succeed, CFOs need to step into the spotlight. 👉 It's not just about tech; it's about **expertise**. 💡 **Why this matters**: Understanding AI can revolutionise decision-making, optimise workflows, and drive growth. Don’t let your competition outpace you! 🔗 Dive deeper into the crucial intersection of AI and finance expertise. Click the link to discover how you can stay ahead in this evolving landscape: [Read More](https://lnkd.in/gCpS-Zw9) #Finance #AI #CFO #BusinessGrowth #TechTrends #Automation

As a CFO, are you harnessing the power of AI? Here are three essential AI tricks to enhance your financial strategies and gain a competitive edge. Discover how: https://hubs.li/Q02w3n0F0 #Leadership #Finance #ArtificialIntelligence

Great insight from LJ Suzuki about how to utilize AI as a fractional CFO. Generative AI lacks sound judgment which is a key capability in finance, but there are still many helpful use cases for AI in finance. These are the 3 main uses of AI that Suzuki shares in this article: 1. Interpreting tax code. Sifting through 100-plus-page IRS documents is a perfect task to outsource to AI; the lengthy but logical explanations are quickly and easily interpreted by AI. 2. Communicating technical ideas simply. Finance is highly technical and laden with jargon, so it can help fractional CFOs connect with general audiences by generating analogies that are easily relatable. 3. Using AI to improve financial processes. AI can be a creative partner to balance the disciplined approach that most accounting teams take on, making us more powerful and productive. Are there any AI benefits you'd add to this list? #FractionalCFO #CFO #AI

CFOs cannot escape the transformative trend of generative #AI if they want to build or maintain a cutting-edge #finance organization. Take two minutes and learn about applications of GenAI in finance and the steps CFOs should take to prepare. BCG Center for CFO Excellence