Swapnil Shinde shares some great insights in this Forbes article. It’s called Three Ways AI Is Transforming Business Finance Management.
In it, he sheds light on some ways AI might affect our industry. Here’s a short snippet for a little context:
When AI takes over time-consuming, human-intensive “busywork” like data entry, chasing receipts, transaction categorizations, processing reconciliations, etc., your team of finance experts can take on a more proactive, strategic role in your business. This means more time for financial modeling based on upcoming business decisions, financial analysis to help understand your business trends, financial reporting at month end (not two or three weeks later) and more.Swapnil Shinde
He gets pretty in-depth here so you have to check out the rest of it to really understand it. Just click on this link to Forbes.com to gain access to it in full.