Amid all the technological advancements up and about in the market today, it is undeniably easy to get drowned.
Among such technology is conversational AI--which, according to Controllers Council, is not just another 'shiny distraction'.
For finance teams, conversational AI can be a practical, high-impact tool that removes friction from daily workflows and unlocks insights previously buried in legacy systems or spreadsheets.
This technological advancement can help AP teams work smarter, respond more quickly, and make more informed decisions.
Controllers Council enumerates how conversational AI is changing the game for finance teams:
Reduces time spent searching and processing - Digging for answers and toggling between tools eats into productivity. Conversational AI eliminates these bottlenecks by providing direct answers and enabling actions with fewer clicks and less context switching. That means teams can close out tasks faster and focus more time on strategic, high-value work.
Proactively flags risk or inefficiency - Innovative conversational AI tools don’t just wait for questions. They also alert teams to potential problems like:
- Duplicate invoices
- Overdue approvals
- Unusual spending patterns
By surfacing these insights proactively, AP teams can address risks before they become costly issues.
