cashflow management

Leveraging Artificial Intelligence in the Office of Finance

 

Many of us have personal digital assistants in our homes that can play our favourite song or order groceries with a voice command. And as much as robust technologies make our personal lives run a bit more smoothly, there is similar potential for Artificial Intelligence (AI), Natural Language queries, and Machine Learning to transform the Office of Finance.

Organisations are making strides in understanding data around market trends, customer sentiment, and engagement, but they aren’t making the connection back to the bottom line. The next steps involve automated Machine Learning and data management to make the process more seamless and robust.

A majority (62%) of Finance Executives report that they will make significant investments in AI over the next three years, according to PwC’s Digital IQ research. Gains from Robotics Process Automation (RPA) and basic AI will provide the building blocks for finance to later achieve more dramatic gains with advanced AI, setting the stage to go beyond using AI and related technologies for only routine transactions.

Download this complimentary white paper and discover how cloud-based computing will drive adoption of AI improving productivity through fewer errors and higher output.

 
AI White Paper
 

A CFO’s Guide to Optimal Cash Flow Planning

Cashflow Management
 

Moving beyond stand-alone spreadsheets for forecasting cash needs

 

While CFOs live in their profit and loss statements and their balance sheets, these only provide a look in the rear-view mirror. Organizations need to focus on what lies ahead. Stand-alone spreadsheets may provide a comfort zone for the finance team but they have significant limitations in terms of accuracy and timeliness and they aren’t efficient forecasting tools.

Progressive finance professionals keep their eyes on the road in front of them. An organization’s cash flow plan — including a solid revenue forecast and a budget for expenses — should be a future-looking exercise with metrics along the way to track progress.

Download the complimentary white paper and discover how CFO's can foster a culture of cash flow management throughout their organisation, and develop strategies for measuring success.