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      KPMG’s recent global AI in finance study found that the use of AI is rapidly expanding across corporate finance: 71% of companies surveyed are using AI within finance operations, 41% of them to a moderate or large degree.

      Such is the pace of AI development – and the speed of its adoption – The KPMG global AI in finance study was conducted among CFOs and finance executives across 2,900 companies spread across 23 countries and territories and 6 industries and found that the companies surveyed are rolling out AI across wider areas of finance, including accounting, financial planning, treasury management, risk management, and tax management. AI is truly a global phenomenon, and it is being adopted by finance teams across the world.

      In addition to the benefits highlighted in our study, we also see huge potential in AI in terms of entirely rethinking service delivery models. By deploying AI, organization can introduce entirely new services that truly bring value to business. Moreover, AI will reshape roles and responsibilities within companies and with respect to their strategic partners.

      Erik Renfors

      Finance Strategy and Transformation

      KPMG global AI in finance report

      Transforming into a new era with the AI-empowered finance function
      Download the report

      The AI-empowered finance function: Are you ready?

      To enable companies to utilize AI’s full potential, we developed the KPMG AI in Finance Maturity Benchmarking tool to help assess a company’s progress in their AI transformation journey.

       

      Want to know how your company compares against your peers?

      Complete our short survey to find out and view your industry cut.

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      In the next five years, the finance function must undergo a digital transformation, driven by the imperative to harness data and adopt a digital-first mindset. Reimagining end-to-end processes through AI will transform finance from recording and reporting historical transactions to forecasting future scenarios, enabling strategic decision-making. This evolution is not just about efficiency; it’s about redefining the core capabilities of finance to drive innovation and competitive advantage.

      Jan Nyström

      Head of Data, Analytics and AI

      Progress made in the use of AI in finance areas

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      Connect with us

      Antti Lojamo
      Antti Lojamo

      Partner, Head of Delivery & Technology

      KPMG in Finland

      Jan Nyström
      Jan Nyström

      Partner, Head of Data, AI & Emerging Technologies

      KPMG in Finland

      Erik Renfors
      Erik Renfors

      Partner, CFO Advisory

      KPMG in Finland

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