CFOs say AI is transforming finance-but only when strategy leads the way | Fortune
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CFOs say AI is transforming finance-but only when strategy leads the way | Fortune
"James Glover, principal and finance transformation AI leader at Deloitte, emphasized that AI must align with a company's core strategy. CFOs should first define their objective-efficiency, control, effectiveness, or engagement-then target the finance areas that best support that goal. Companies deploying AI one use case at a time, without a broader plan, are struggling to capture meaningful enterprise value, Glover said."
"CFOs are also assessing agentic AI platforms to drive efficiency. "But you actually have to train your people to use it, otherwise they're going to sort of treat it like a Google search," Glover commented. That means AI prompting skills are crucial. Implementations for these platforms often take six to 12 months. He advised companies to introduce simple AI productivity tools early to build comfort while planning more ambitious initiatives."
AI initiatives must align with a company's core strategy, with CFOs defining objectives — efficiency, control, effectiveness, or engagement — then targeting finance areas that best support those goals. Deploying AI one use case at a time without a broader plan limits enterprise value. CFOs evaluate agentic AI platforms to drive efficiency but must train staff in prompting to avoid superficial use; implementations often take six to 12 months. Companies should introduce simple AI productivity tools early while planning larger initiatives. CFOs prioritize ROI, where to begin, and buy-versus-build decisions. Early adopters report initial ROI and improved accuracy, forecasting, and productivity.
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