This website will offer limited functionality in this browser. We only support the recent versions of major browsers like Chrome, Firefox, Safari, and Edge.

How does AI change the role of finance?

View Full Video Script

2:25 min
  1. I think AI can definitely have a meaningful role within

  2. finance. There are efficiencies for

  3. repetitive tasks, absolutely. I think ultimately, though, if you

  4. start to think about business impact, as I talked about before, how can I get

  5. faster insights?

  6. Our business is changing, our world's changing.

  7. There's external factors that are changing.

  8. Can I use AI to give me faster insights?

  9. Can I use AI to do more continuous planning?

  10. So my ability to run scenarios more quickly, take in

  11. the latest factor that has changed,

  12. is really going to help ultimately in decision-making.

  13. So I think there's a great opportunity.

  14. I think FP&A teams, finance teams, have a seat at the table, which is really

  15. important. Now we've got this tool that, if used correctly and used

  16. properly, can really go help accelerate the scenario

  17. planning, the future-looking

  18. outcomes, and help us make better decisions.

  19. If we think about using AI at scale and confidently using it

  20. at scale, I would say it's still a bit of a work in process,

  21. honestly, in terms of a confidence level for me.

  22. I'm confident that we have good oversight right now in terms of how we

  23. manage it, but that needs to continue.

  24. How do we continue to have transparency on what the models are

  25. doing? Can I trace it back? That concept of

  26. auditability. Do I really know where those answers are coming from?

  27. If it's an analyst, I can sit down with that analyst and I can have the

  28. conversation, and I can test those assumptions. How can I do that?

  29. I need to make sure I can do that within the models.

  30. And then I also need to make sure that there's governance around it, as I talked

  31. about.

  32. So some combination of the models with humans

  33. is going to continue, I think, in my mind, to be the model for a while.

  34. But that's not enough. Just like any good finance organization,

  35. I think you have to test your assumptions.

  36. You have to make sure that you're thinking about all of the downside

  37. risks of using it, and make sure that you're not ignoring those.

  38. I think if you continue to do that, and if you're diligent, then

  39. I have confidence that we can go use it in a way that can be a real scalable

  40. tool that will really help the organization.

How does AI change the role of finance?

AI has the potential to transform finance, but unlocking its value takes more than automation.

From faster insights and continuous planning to accelerated scenario analysis, AI can help finance teams make better, more forward-looking decisions. But scaling AI with confidence also requires transparency, auditability, governance, and human oversight.

The future isn’t AI or humans. It’s about bringing the two together to create a smarter, more scalable finance function.