Guide

How to elevate finance value through Generative AI

How to elevate finance value through Generative AI

Pages 12 Pages

Generative AI can elevate finance by automating low-value work and speeding close, planning, and reporting—if it’s embedded in a data-ready operating model. KPMG highlights five enablers: content/insight generators (reports, models, commentary), information extractors, smart chatbots, language translators, and code generators. Cross-functional use yields narrative-rich insights, predictive analysis, integrated data, automated workflows, and real-time dashboards. Risks (confidentiality, bias/hallucinations, IP, cyber, environmental, job shifts) require Responsible AI, governance, and upskilling. Strategy: align GenAI to finance transformation and TOM (governance, process, people, service delivery, tech, data) with strong data quality, architecture, and lineage.

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