The Consultancy Group were excited to host our second AI in Finance Roundtable for CFO’s and Finance Director from across industry last week in the city.
CFOs are under increasing pressure to make AI deliver results, but with expectations often sky-high and guidance often thin, many finance teams haven’t moved past pilots or hype. Barriers like cultural resistance, unclear ROI, and limited operational expertise have continued to stall progress.
We were delighted to have partnered with Peter Beard again, Founder and Managing Director of GenFinance AI and a recognised voice in Finance AI.
Peter serves as a board member at the ICAEW and combines Big-4 audit experience with hands on generative AI deployment so was well placed to advise our audience made up of CFOs from across the Technology, FinTech, Media and Consumer industry.
We discussed the realities of AI in Finance today, the urgency and pressure to act and the challenges of technical debt and stages of adoption.
Peter skilfully delivered live demonstrations which led to a healthy, constructive, and often philosophical debate.
A clear takeaway from the session was the rapid advancements in generative AI and if a business isn’t already leveraging AI, it’s increasingly seen as out of step of where the market is headed.
High Calibre Finance Talent are now expecting companies to be using AI in their finance functions, thereby keeping talent attraction and retention firmly under the spotlight.
We would love to hear your thoughts on the topic in the comments below.
If you are a Finance Leader and want to discuss what we are seeing in the market when it comes to AI in Finance, then please do reach out to me for a confidential discussion on phil@consultancygroup.com
