CFO Autonomous AI Toolkit

ARTICLE

LEVERAGING AI TO STEP UP YOUR CFO GAME IN 2024

Over the past two years, the economics in every industry have grown more challenging. Rising interest rates mean capital is more expensive. Shrinking budgets mean there are smaller wallets in which to gain share. The bar for high performance and desirable returns has risen.

For the survival of their businesses, finance leaders have had to step up their game and must continue to adapt — in 2024 and beyond.

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BLOG

Staying on top of the latest news and insights is a critical, albeit time-consuming, part of a CFO's job. Here are the top CFO newsletters to follow in 2024 to stay up-to-date on today's most important developments and strategies.

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WEBINAR

The Power of Generative AI in Finance: Unlocking New Possibilities

The financial industry is undergoing a transformation with the advent of Generative Artificial Intelligence. Watch as this panel of finance industry leaders discuss.

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Accountable AI for Accounts Payable

Vic.ai revolutionizes accounts payable automation by leveraging AI to transform finance operations. Our platform streamlines invoice processing, enhances accuracy, and accelerates approval workflows, leading to significant cost savings and efficiency gains. With Vic.ai, businesses can automate mundane tasks, freeing finance teams to focus on strategic initiatives.

Our intelligent system, trained on over half a billion invoices, offers seamless integration with existing systems, ensuring a smooth transition. Vic.ai is not just about automation; it's about empowering finance departments to operate more strategically and efficiently, making it the ultimate solution for modern accounts payable management.

CFO INSIGHTS

10 WAYS CFOS ARE SAVING WITH AI IN THE FINANCE DEPARTMENT

Modern CFOs are now expected to be forward-thinking, actively involved in strategic decision-making, and contributing to the company's growth and profitability. They leverage data analytics and technology to provide insights that drive financial strategies. CFOs also play a crucial role in risk management, ensuring the company's financial health in uncertain times. Their responsibilities have expanded to encompass a broader view of the organization, making them integral to long-term success. Therefore, they are one of the main decision-makers in technology investments.

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Improved forecasting

Accurate financial forecasting is crucial for making informed business decisions. AI uses historical data and predictive analytics to provide more accurate revenue forecasts, expenditure predictions, and cash flow analysis. This enables companies to allocate resources more efficiently and avoid unnecessary expenses.

Optimizing investments

AI-driven algorithms can analyze market trends and data to make investment recommendations. This helps companies maximize returns on their investments while minimizing risks. By making data-driven investment decisions, businesses can save money and potentially generate higher returns.

Enhanced invoice management

Invoice processing is often a time-consuming and error-prone task. AI can automate the entire invoice management process, from receipt to approval. This reduces the likelihood of errors, accelerates payment cycles, and frees up staff for more strategic financial tasks.

Prevent duplicate payments

Within large enterprises, where the occurrence of double payments can reach as high as 2%, the implementation of AI-driven solutions becomes paramount. This not only safeguards financial operations but also delivers a tangible boost to overall profitability.

Become an AI-First Organization

5 Critical AI Adoption Phases

In this report, Gartner outlines the key phases and indicators for implementing and evolving AI technology successfully to deliver more value and mitigate risks while maximizing capacity and managing costs.

2024 Growth & Profitability Playbook

Every finance department needs an AI strategy

This guide has been designed to illuminate the path to AI maturity for CFOs, helping you harness the true potential of AI for your finance department.

Manage finance transformation

Checklist: 5 Steps to spearhead technology adoption

New organizational goals often require the adoption of new technology. However, with change comes resistance and growing pains.

AP Software Vendor Evaluation Checklist

Choosing the right AP software solution is not merely a matter of convenience. This checklist will empower you to make an informed decision, paving the way for continued growth and success.

Autonomous Finance Resources and Tools for CFOs