AI is delivering high-impact results—is your team keeping pace? Here’s how leading finance orgs are making it happen.
Consider some of the overwhelming recent evidence:
74%
of companies are already generating value from AI.
Source: 2024 KPMG US Technology Survey Report
71%
are actively using it in their decision-making.
Source: GenAI 2024 Survey
> 8 in 10
are planning to scale up their AI investments.
Source: GenAI 2024 Survey
AI is not a single technology, but an umbrella of specific capabilities with their own special superpowers.
Machine Learning (ML)
Self-driven algorithms that learn patterns from data to make decisions automatically.
Robotic Process Automation (RPA)
Automates repetitive tasks with rule-based scripts.
Natural Language Processing (NLP)
Enables systems to understand, interpret, and generate human language.
Predictive Analytics (PA)
Algorithm-driven models that forecast future outcomes from historical data.
Generative AI (GenAI)
Creates new content by synthesizing structured and unstructured data.
1
Unlocking data
AI thrives on quality data. In the past, this has required mapping data into clearly defined data schemas, typically in the cloud. But AI can now do much of that work, creating on-the-fly virtual databases using tools like GenAI, ML, and NLP. For example, GenAI can pull essential data directly from business applications, process both structured data (defined fields) and unstructured data (PDFs, emails, audio, etc.), and then extract and format the data. The result: An instant database that bypasses legacy data bottlenecks.
2
Streamlining transactions
AI automates many essential—but previously time-consuming—business transactions. Here are some examples of AI modules within the quote to cash function, which use GenAI, NLP, RPA, ML, and PA:
3
Taming the close
AI-powered modules help finance teams dramatically reduce the time and pain of closing cycles and improve productivity and accuracy. These two examples use GenAI, NLP, RPA, ML, and PA:
4
Elevating FP&A
AI-enabled financial planning and analysis (FP&A) delivers tangible bottom-line benefits with enhanced insights that enable operational agility and create new value faster. These two examples use PA, ML, NLP, and GenAI.
According to senior buyers of consulting services who participated in the Source study, Perceptions of Consulting in the US in 2024, KPMG ranked No. 1 for quality in AI advice and implementation services.
6 superpowers of the AI-enabled finance team
Here’s how leading-edge finance teams are using AI to deliver results today—and paving the way for the exciting new AI-driven opportunities ahead.
Supercharge your Finance workforce with GenAI
Create a roadmap for success
Maximize Enterprise Performance
Empowering finance at the speed of AI
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