Author: fintamo
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Should Finance Departments Have Their Own AI Strategy?
Artificial Intelligence (AI) is here to stay, transforming how companies manage everything from operations to customer interactions. But should corporate finance departments take the lead in developing their own proactive AI strategy, or should this be managed by the IT department or through external suppliers? The Case for IT Departments and Suppliers Traditionally, AI strategy…
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Generative AI-Based Capturing is Better for Financial Documents
Accurately retrieving the data from multiple corporate documents such as invoices, payment advices, and delivery notes is the basis for automating the processes that follow. Generative AI is setting a new standard here, surpassing traditional machine learning (ML) techniques. Enhanced Accuracy with Minimal Manual Intervention Generative AI offers unparalleled accuracy by understanding the context and…