Artificial intelligence (AI) has become essential in the office of the CFO, shifting from a nice-to-have to a must-have component of financial operations.
AI adoption is rapidly increasing in finance departments, with qualitative and quantitative applications enhancing functions such as treasury, payments, and risk mitigation.
Generative AI tools like Treasury GPT from FIS are transforming cash forecasting by synthesizing real-time data for more accurate predictions, setting a new standard for the industry.
AI is recalibrating ROI metrics for CFOs, improving elements like DSO, liquidity optimization, payment security, and efficiency, leading to centralized reporting and decision-making powered by AI in the future.