“A team must feel empowered to adopt new technology, but for this to happen, the company must maintain a culture of constant learning and upskilling,” says UST CFO Vijay Padmanabhan.
Potential use cases for GenAI in finance abound, but most are still very much in the development stage.
“The only place you can impact cost meaningfully is the ‘transaction layer’—at the point of execution, the negotiation,” says Jon Winsett of NPI.
CFOs are investing in generative AI and predictive AI solutions for functions other than the one they lead, their hesitance born of worries concerning the accuracy of financial reports.
Successful CFOs need to be strategic today, says Adam Schorr, CFO of Private Advisor Group.
"*" indicates required fields
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.