CFO’s Role in Leveraging AI and Other Technologies

In a fast, data-driven world, the role of CFOs has become even more critical. Practically, the probability of CFOs becoming the next CEOs of a company has risen significantly. Likewise, the importance of incorporating and implementing Artificial Intelligence (AI) and other cutting-edge technologies into business processes and systems has also gained momentum among organizations as they witness the benefits it provides. From being problem solvers, team leaders, and strategic advisors, CFOs today also need to proactively introduce and facilitate change by implementing the latest technology.

To shed more light on this topic, Dr. Munish Sabhrawal, Managing Director, Nexdigm elaborates in-depth on the importance of the CFO’s role in leveraging AI and other technologies. He highlights the evolution of AI tools and technology as well as how they have revolutionized and redefined efficiency parameters in business operations and functions. He also states how technology and AI tools have helped business leaders streamline the M&A deal life cycle.

Further, he explains how incorporating AI tools and technology can help business leaders and organizations achieve better results. During his session, Munish also draws attention towards the various stages, including contract management, valuation, transaction execution, and strategy and partner identification, where AI tools and technology can induce and leverage growth significantly.

Furthermore, he discusses the futuristic capabilities of AI and technology and states how the combination of technology and human expertise can catalyze the decision-making process while enabling organizations to perform more reliable and accurate financial analysis.