In 2025, the word on everyoneโs mind is AI, itโs transforming the way many GBSsโ are carrying out their finance operations by boosting operational efficiency, increasing accuracy, and delivering real-time results that can allow for quicker and smarter decision-making. As we all know financial close processes can be timely and complex, and accuracy is paramount to achieving errorless results. However, the emergence of Generative AI use offers a solution to these issues. In this session, weโll explore how AI and Generative AI can transform your finance operations, from automating tedious tasks to allowing real-time financial insight at your fingertips and predictive analytics, that can further your organizationโs goal towards continuous accounting.
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In todayโs fast-paced global environment, navigating the complexities of tax and statutory regulations across multiple geographies can be a difficult task. Organizations that offshore their Record-to-Report (R2R) processes often see significant benefits, such as cost savings and increased efficiency. However, managing cross-border statutory reporting while balancing the local nuances of each country with global requirements can present notable challenges.
In this session, weโll dive into practical strategies to help you streamline cross-border statutory reporting, overcome common obstacles, and favor centralization. We will explore how organizations can adhere to compliance processes efficiently and ensure consistency while respecting local laws.
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As the team responsible for collecting, processing, and reporting an organizationโs key data, the record-to-report team holds immense potential to deliver significant value to the organization. With the growing integration of data analytics and advanced technologies like Generative AI, capable not only of analyzing data but also of offering insightful prompts and recommendations, R2R teams now can expand beyond traditional reporting. This evolution enables them to provide valuable decision support on top of reporting. In this session, weโll explore how R2R teams can transition to a "Record-to-Decide" model, highlighting the key processes, data, and skills required for success.
Accuracy is critical in accounting, to be able to maximize the fullest potential of your data, it needs to be consistent and reliable. Attempting to train an AI model to understand with unreliable input will result in an unreliable output. Discover in this session how to refine your data to a high quality and standardize inconsistent data across multiple ERP systems, to provide optimal insight extraction for your organization.
The integration of AI into finance roles is not a future concept anymore. It is already happening right in front of our eyes and providing the opportunity to redefine accounting roles. To thrive in 2025 and beyond, a greater understanding of AI tools in your workforce is crucial to adapt to the merging landscape of technology and finance. These skills are also key to staying competitive in a changing job market and improving performance in financial roles. This session addresses ways leaders can effectively upskill their teams, empowering them to navigate the intersection of technology and finance effectively.