How AI is Changing the Way Finance Teams Work

At HPE, the finance team used to spend a lot of time getting ready for a big meeting every Monday. They had to gather data from different parts of the company and put it all together. This took up most of their week, leaving little time to talk about what the company should do next. To fix this, the finance team worked with Deloitte to create a new AI tool. They called it Alfred, after Batman’s butler. Alfred helps the finance team by automatically pulling and analyzing data. This has cut down the time and cost of financial reporting. It also lets leaders quickly get the information they need.Before using Alfred, the team had to manually gather and format data. Now, Alfred does this work in seconds. This has freed up time for the team to focus on more important tasks. But using AI is not just about automating tasks. It’s also about changing how people work. The finance team at HPE has been learning how to use AI and even build their own tools. This has helped them take control of their work and feel less like they’re being replaced by machines. The team has also been encouraged to experiment with AI. They have challenges and rewards for coming up with new ideas. This has helped make AI a normal part of their work. Looking ahead, the finance team wants to use AI in even more ways. They see it as a way to make the CFO more involved in the company’s future.