AI is reshaping the CFO’s role, turning finance into a hub of strategic insights. Finance leaders can drive innovation and efficiency; the future isn’t just about managing numbers, it’s about leveraging AI to transform decision-making and business impact. Image: Dall-E

AI is reshaping the CFO’s role, turning finance into a hub of strategic insights. Finance leaders can drive innovation and efficiency; the future isn’t just about managing numbers, it’s about leveraging AI to transform decision-making and business impact. Image: Dall-E

The financial landscape is evolving rapidly with automation, real-time analytics, and Generative AI. AI is no longer about efficiency, it is transforming finance with real-time insights, and smarter decision-making. CFOs must embrace AI to optimise operations, improve reporting and drive growth.

AI’s role in finance transformation

AI is transforming finance, automating tasks and delivering insights that drive smarter decisions. OneStream, a leading finance platform, offers AI-powered solutions like Curate and Rubix to enhance financial close, consolidation, and forecasting. By detecting anomalies, suggesting corrections, and streamlining workflows, they help finance teams shift from reactive to proactive. But true AI-driven transformation isn’t just about technology, it must align with business strategy, integrate seamlessly and earn team buy-in.

Simply adding AI to the roadmap isn’t enough. Success depends on aligning it with business objectives and ensuring proper integration. AI-powered risk mitigation strengthens internal controls, identifying irregularities before they escalate.

AI also accelerates environmental, social, and governance (ESG) efforts, improving sustainability reporting, measuring carbon footprints, and ensuring compliance. However, AI is only as effective as the data it processes. Clean, structured and integrated financial datasets are essential. For instance, AI-driven reconciliation helped a multinational corporation cut manual work by 60%, shortening financial close cycles by three days.

Technology integration plays a crucial role. Rather than replacing finance tools (ERP), AI should enhance them with intelligence, automation, and predictive capabilities. Seamless integration allows AI to refine financial processes, optimise workflows and unlock deeper insights without disrupting established systems.

Beyond technology, change management is key. Resistance from finance teams can slow AI adoption. Companies must invest in training to demystify AI, highlight its value, and equip employees with the skills to work alongside automation. Governance and ethics are just as critical. AI-driven financial decisions must be transparent, auditable, and compliant with regulations. Clear accountability ensures AI recommendations remain reliable and free from bias.

Looking beyond the incumbents: Luxembourg’s AI startups

While global AI solutions dominate the market, companies should explore Luxembourg’s thriving AI startup ecosystem. Innovative startups are developing AI-driven solutions that complement or even surpass industry leaders.

Engaging with local AI innovators fosters agility, strengthens the economy and keeps businesses ahead of the curve.

iconnect: Enabling AI-powered finance transformation

guides companies through finance transformation, bridging the gap between strategy, technology, and execution. We implement AI-driven finance solutions, leveraging Onestream’s Curate and Rubix alongside financial planning, consolidation and ESG. AI should be a catalyst for growth, not a challenge to overcome.

The question is no longer whether to adopt AI, but how to do it effectively. With the right strategy, AI can elevate finance from a back-office function to a key driver of business success.

Is your finance team ready to embrace AI?

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This promotional article was written by Davy De Regge, Managing Partner at iconnect, as part of the company’s membership with the Paperjam Club. If you wish to become a member of the Club, contact us at .