{"id":20007,"date":"2018-03-22T09:22:21","date_gmt":"2018-03-22T08:22:21","guid":{"rendered":"https:\/\/www.bakiaconsulting.com\/publications-bakia\/does-artificial-intelligence-create-value-for-finance-departments"},"modified":"2025-05-28T14:08:42","modified_gmt":"2025-05-28T12:08:42","slug":"does-artificial-intelligence-create-value-for-finance-departments","status":"publish","type":"post","link":"https:\/\/www.bakiaconsulting.com\/en\/publications-bakia\/does-artificial-intelligence-create-value-for-finance-departments\/","title":{"rendered":"Does artificial intelligence create value for finance departments?"},"content":{"rendered":"\n<p>While more and more companies are integrating <strong>AI (Artificial Intelligence)<\/strong> into their internal processes, their orchestration by <strong>CFOs (Finance and Administration Departments)<\/strong> remains essential for effective deployment.<\/p>\n\n<div style=\"height:70px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n<h2 class=\"wp-block-heading\">How is AI likely to impact businesses?<\/h2>\n\n<h3 class=\"wp-block-heading\">AI aims to free the workforce from non-productive tasks<\/h3>\n\n<p>Despite the &#8220;disaster&#8221; science fiction scenarios would suggest (such as in the Netflix series &#8220;Black Mirror&#8221; series), AI, like mechanical automation in the era of the industrial revolution, aims above all <strong>to free the workforce from repetitive tasks with low added value<\/strong>.<\/p>\n\n<p>According to a study by Accenture, AI could <strong>increase productivity and profitability in companies by almost 40% by 2035<\/strong>.<\/p>\n\n<h3 class=\"wp-block-heading\">AI works like the human brain<\/h3>\n\n<p>Based on the <strong>mimicry of the human brain<\/strong>, from which it borrows its learning and memorization capacities, AI restores its knowledge (or data) analytically, with a processing power and speed that will free humans from repetitive, time-consuming tasks to create even more value.<\/p>\n\n<div style=\"height:70px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n<h2 class=\"wp-block-heading\">How can AI impact CFOs?<\/h2>\n\n<h3 class=\"wp-block-heading\">CFOs are the departments most likely to benefit from AI advances<\/h3>\n\n<p><strong>CFOs are most likely to be impacted by AI<\/strong> as they concentrate the most vital <strong>data collection and analysis functions<\/strong> in the company.<\/p>\n\n<p>Thus, <strong>management control<\/strong>, <strong>risk analysis and management<\/strong> or the <strong>steering of the entities&#8217; performance indicators<\/strong> should be the most <strong>affected by this revolution<\/strong> where the latest technologies offer not only <strong>unlimited storage capacity<\/strong> (cloud) but also <strong>calculation<\/strong>, <strong>processing<\/strong> and <strong>analysis<\/strong>.<\/p>\n\n<p><strong>Thanks to AI, financial directors can thus arbitrate<\/strong> in favour of a deeper analysis of the data made available to them in a <strong>qualitative<\/strong> manner, being <strong>freed from a quantitative management<\/strong> of performance indicators and other reporting tables.<\/p>\n\n<p>Let&#8217;s take the <strong>example of the monitoring of invoices<\/strong> or the <strong>management of expense reports<\/strong>: the &#8220;intelligent&#8221; automation of these tasks from the user and\/or service provider to the CFO allows for a simple and fluid monitoring of the entire process.<\/p>\n\n<p><\/p>\n\n<h3 class=\"wp-block-heading\">AI as an indispensable ally in the explosion of data<\/h3>\n\n<p>One of the major advances enabled by AI for the <strong>benefit of the CFO<\/strong>, undoubtedly concerns the phenomenon of the <strong>explosion of data<\/strong> to be processed.<\/p>\n\n<p>Many are those who are &#8220;subjected&#8221; to this avalanche of information, to the detriment of the company because they do not have the means to process or analyse it.<\/p>\n\n<p>AI, on the other hand, has the capacity to process this mass of data and to extract value from it through its analytical capacities and the expertise that it reinforces as it processes this information&#8230; just like human intelligence.<\/p>\n\n<p>Thus, Artificial Intelligence technologies provide companies with real <strong>value-generating tools<\/strong> while <strong>freeing them from unproductive tasks<\/strong>, allowing them to <strong>concentrate on their core business<\/strong> and <strong>gain in agility<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While more and more companies are integrating AI (Artificial Intelligence) into their internal processes, their orchestration by CFOs (Finance and Administration Departments) remains essential for effective deployment.<\/p>\n","protected":false},"author":1,"featured_media":21106,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30,29],"tags":[],"class_list":["post-20007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","category-change-management-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>L&#039;intelligence Artificielle est-elle cr\u00e9atrice de valeur? | BAKIA CONSULTING<\/title>\n<meta name=\"description\" content=\"Finance departments are the departments most likely to benefit from the advances of Artificial Intelligence.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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