Report

Generative AI and the Office of the CFO

Generative AI and the Office of the CFO

Pages 12 Pages

The report explores how Generative AI is transforming the role of CFOs by automating financial processes, improving decision-making, and increasing operational efficiency. Billtrust's survey of 375 CFOs reveals that while 65% are adopting AI, only 49% are deeply knowledgeable about it. AI is being used for tasks like transaction processing, risk management, and cash flow. However, challenges like data privacy, system integration, and knowledge gaps remain. The report emphasizes that Generative AI will increasingly shift the CFO’s role towards strategic influence.

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