Gen AI is revolutionizing finance by enhancing reporting, planning, investor relations, and risk mitigation. It automates core processes like invoicing, contract drafting, and FP&A, boosts efficiency, and delivers insights for strategic decisions. Gen AI helps identify fraud, analyze financial documents, and support conversational finance. Benefits include increased accuracy, cost savings, and better compliance. CFOs must focus on internal testing, data privacy, quality prompts, and domain-specific tools. To prepare, they should partner with Gen AI experts, start with low-risk use cases, and align stakeholders for successful transformation

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