This rapid and ongoing shift toward advancements in digitization, real-time payments and next-generation tools such as artificial intelligence AI-powered forecasting is redefining how businesses manage core operational elements like liquidity and working capital. For chief financial officers CFOs and treasurers, the question is no longer if they should embrace innovation but how quickly they can implement solutions that enhance financial resilience.
As uncertainty persists, tomorrow’s corporate giants won’t just find your mobile number database be the ones with the biggest balance sheets — they’ll be the ones with the smartest financial infrastructure and operational toolkit.CFOs Say Back Office Is Primed for AI and AutomationCFOs are increasingly recognizing AI and automation as key drivers of efficiency in finance operations. With manual processes slowing down decision-making and compliance efforts, AI-powered tools are transforming functions like accounts payable AP, accounts receivable AR and treasury management.
In an era where data drives every aspect of business, CFOs must harness advanced analytics, automation and AI to unlock valuable insights and streamline processes, Andrew Casey, recently appointed CFO at Amplitude, told PYMNTS during a discussion for the PYMNTS series A Day in the Life of a CFO.Operational CFOs can bring to bear the necessary focus around driving scale and building processes, Casey said.
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