Unlocking the Potential of AI for Finance Transformation

“AI transforms IT sourcing and procurement, blending efficiency with innovation for a competitive edge in the digital era,” says Dr. Ron Babin, adjunct research advisor with analyst firm IDC. But while AI uptake is pervasive in most organizations, how can CFOs effectively implement AI in IT sourcing and procurement?

Consulting and advisory firm The Hackett Group said in a report that they “expect to see AI being used to enable more procurement functionality over time. As the technology continues to evolve, procurement teams should monitor development, assess value potential for their operating environment, and implement use cases that will clearly deliver value.”

AI is the leading buzzword for 2024 but for CFOs, prudent analysis is more valuable than hype. How can CFOs be confident in the market, legacy systems, and new technology that’s shifting decision-making, priorities, and investments? Nearly all (90%) of CFOs and finance leaders have concerns about hitting sales and revenue targets within the next 6-12 months.

This 27th November, FutureCFO, in partnership with Coupa, will host an exclusive roundtable dialogue with senior executives from Thailand’s leading firms. We will look at how organisations are already using AI for procurement and address:

• AP automation tools that can dramatically reduce processing time
• How to leverage AI to drive strategic decision-making and efficiency
• How to build confidence in AI through governance and risk management
• Finding a proper balance given volatile conditions and smaller headcounts
• How AI powered audits can improve fraud detection
• Using business spend management to impact ESG and compliance

Make plans to join us for this insightful discussion and lunch on Wednesday 27^th November in Bangkok.