1、IBM Institute for Business Value|Benchmark InsightsAIs quantified impact on the finance functionImproving process quality,cost,and efficiency2We help transform finance organizations from simply improving the efficiency of their finance processes to creating smart functions with intelligent workflows

2、.These workflows can find,connect,and analyze data,uncovering deep insights that can inform intelligent decisions.Our financial consultants partner with clients to advise and manage end-to-end processes.To learn more,please visit IBM can help1AI provides quantified operational benefits across the fi

3、nance function.Key takeawaysAI is an untapped opportunity in finance.Only roughly one-fifth of surveyed organizations are operating or optimizing AI in financial planning and analysis,record to report,order to cash,or procure to pay.AI significantly impacts finance processes and applications.Top AI

4、use cases being implemented are key performance indicator(KPI)selection and monitoring,close and consolidations,collections,financial forecasting,and market performance comparison.AI is driving operational benefits.The adoption of AI has a positive impact on finance function costs and finance area-s

5、pecific productivity metrics.2Introduction For the CFO and finance function,the expectation to be guardian of stability and agent of transformation has elevated both whats at stake and opportunity.To tackle this paradox of responsibilities and drive value through the organization,finance needs new a

6、pproaches,new tools,new perspectives,new organizational constructs,and skillsespecially related to data.Yet,CFOs are ambiguous about how well their own finance organizations fulfill their duties(see Figure 1).1 In the IBV 2022 C-suite CFO Study,executives state they are most effective at executing t