There’s a unique opportunity for AI in the enterprise finance function. Despite finance’s distinct restrictions and multiple overlapping responsibilities, bold firms have already realized ROI by applying AI solutions. We’ve learned from them to outline the why, what and how of getting real value from AI in finance. Today’s CFOs and finance teams are facing challenges in multiple areas. To name a few, they need to drive digitization and make purchasing decisions for the entire enterprise. They’re tasked with maximizing returns on digital investments. And they need to adapt the enterprise to changing customer spending habits. CFOs surveyed rank the balance sheet as their top concern, but also face a triple squeeze of achieving profitable growth, managing inflation and navigating a talent shortage

CFOs are expected to be both innovative and stable; visionary and detail oriented. In short, where once CFOs reported on past activity and provided high-level strategic input, they’re now expected to be very granular, weighing in at the tactical level. If you’re a CFO today, everything is your problem.² Generative AI (gen AI) offers finance teams a new tool for addressing this complex and challenging situation. It’s clear that gen AI is going to have an impact in finance, as in virtually every enterprise function. This guidebook explores how CFOs can get the most from gen AI, including how to prepare for it, where to apply it and what they need to make it a valuable addition to their finance function.