Purpose The purpose of this paper is to highlight how Artificial intelligence (AI) and its subsets are changing the face of the accounting and finance (A&F) profession. Expectations from A&F professionals are changing due to the expeditious changes in technology. This paper proposes new skill set...
AI use cases in finance As highlighted by Pendergast and Auerswald, the rapid expansion of AI application areas is having a huge impact in the environment that firms are operating in, both externally and internally (see Fig 1). Externally, AI is making it possible to carry out tasks faster ...
While the three dimensions of the CFO role - the steward, the operator, and the value creator remain unchanged - the foundational work of the finance organization, the structure, the import, and the focus of these dimensions will change. AI will impact how the work gets done. It will stren...
Discover how the nonprofit Human-I-T is able to streamline its accounting with the help of Brex, allowing it to divert more e-waste from landfills. How to manage runaway SaaS spend Tech CFO CJ Gustafson details how to save on SaaS spend in marketing, engineering, finance, and more. ...
In today’s fast-paced world,minutes matter. That’s especially true when it comes to corporate finance and accounting in SaaS. In this article, we delve into the basics of SaaS finance and accounting, exploring how AI intersects with these fields. ...
Executives must be able to balance their natural fear about implementing AI tools too quickly with the risk of waiting too long to utilize the technology and falling far behind the competition. Jha also provides examples of practical applications of AI now being used in finance and accounting ...
AI and Machine Learning: Automating the Accounting ProcessArtificial intelligence (AI) and machine learning are not just buzzwords in the accounting field.They are powerful tools reshaping accounting careers. AI reduces the likelihood of human errorby automating tasks like data entry, reconciliation...
About Vic.ai Vic.aiis pioneering the use of autonomy and intelligence to digitally transform accounting and finance processes to improve productivity, decision-making, and ROI. Vic.ai addresses the most manual and inefficient task in accounting — invoice processing — t...
But what makes AI and automation beneficial tools for professionals feeling the stress of more work and fewer graduates interested in entry-level positions? AI: Intelligently Solving Workforce Stressors AI has integrated into nearly every industry—and finance is no different. For finance professionals...
This paper examined accounting information systems (AIS) as a mediator between small and medium-sized enterprises (SMEs) strategies, including (finance source, administrative innovation, organizational culture, developing capabilities levels of SMEs, information source, development of business managers, and ...