AI in finance: fighting fraud, increasing visibility and embracing change

Location: Contessa, Boston

Retailers and consumer goods manufacturers across the globe are looking to AI to drive business improvement within their finance functions. But three core themes stand out:

1. Inertia and Change Management
For some, the challenge of driving adoption among finance staff is more difficult than the integration of technology. For others, the journey towards AI doesn’t fully meet business need, leaving them in a state of inertia. However, the impact of doing nothing comes at a huge cost, from wasted time and resources, high attrition rates, low productivity, inefficiency, and lower profitability – not to mention losing out to competitors. So, how, when and why should we step into AI to combat these two states of being?

2. Lack of visibility
Disparate systems and siloed data make forecasting and consolidation a complex and manual process and can have a huge impact on optimizing cash flow and managing costs, particularly when several ERPs or business entities are involved. This leads to time spent manually inputting data into different systems to prepare monthly reports, making it vulnerable to human error. So, how can we leverage AI to increase visibility and gain a clear view of costs in real-time?

3. Fighting AI-powered fraud
Generative AI brings with it a brand-new generation of invoice fraud. Criminals will be able to generate and send tens of millions of invoices directly to mailboxes, leaving finance departments vulnerable. The answer? To fight fire with fire and use AI as a defense against AI-powered invoice fraud.

We look forward to seeing you in Boston!

Discussion topics:

Inertia and change management: driving AI adoption
 Lack of visibility: streamlining disparate systems
 Fighting AI-powered fraud

Event Agenda

18:30 – 19:00 Arrivals, welcome drinks, and networking
19:00 – 19:30 Event welcome and introductions
19:30 – 21:00 Table discussions and three-course dinner
21:00 – 21:30 Event Wrap Up

  • Date : 17-06-2024

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