KPMG Global AI Finance Report

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.

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.

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KPMG global AI in finance report

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Progress made in the use of AI in finance areas

Horizontal bar chart showing the state of technology adoption across various business functions. Each function has coloured bars representing different levels of adoption: Dark blue for ‘Widespread Adoption’, Orange for ‘Selective Adoption’, Grey for ‘In Pilot Project’, Light blue for ‘In Planning’ and Yellow for ‘No Plans’. The data is as follows: Financial Planning: Widespread Adoption: 10% Selective Adoption: 23% In Pilot Project: 30% In Planning: 28% No Plans: 9% Accounting: Widespread Adoption: 10% Selective Adoption: 26% In Pilot Project: 28% In Planning: 23% No Plans: 14% Risk Management: Widespread Adoption: 14% Selective Adoption: 30% In Pilot Project: 36% In Planning: 16% No Plans: 3% Treasury Management: Widespread Adoption: 22% Selective Adoption: 24% In Pilot Project: 38% In Planning: 13% No Plans: 3% Tax Operations and Reporting: Widespread Adoption: 15% Selective Adoption: 16% In Pilot Project: 48% In Planning: 18% No Plans: 4% The legend below the graph explains the meaning of each colour.

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