The office of finance has always played a critical role in driving financial and operational improvements year after year. However, when organizations rely on outdated tools and fragmented processes, progress stagnates. Many still manage financial and operational planning through spreadsheets or disconnected, siloed datasets. These inefficiencies create barriers to optimization, leading to more silos and duplicated efforts and disjointed operations.
Finance leaders today face mounting pressure to do more with less. With rising economic volatility, shifting market conditions, and increasing compliance demands, the traditional ways of managing finance are no longer sustainable. AI is no longer an option; it is a necessity. Organizations that delay AI adoption risk being left behind as their more agile competitors gain speed, accuracy, and deeper insights that fuel better decision-making.
Read the full article on cfo.com