Gartner has revealed that financial planning and analysis (FP&A) and controllership leaders need to have a plan to harness the ways digital acceleration is disrupting legacy processes in their functions. CFOs are expecting to spend more in AI in the coming two years, and two thirds of finance leaders think their function will reach an autonomous state within six years. To make autonomous finance a reality, organisations need to move beyond investment priorities and rethink three aspects of their operations, including strengthening semantic models to improve data quality and transparency, expanding the number of teams performing judgment-based activities, and leveraging AI and ML to automate more manual processes.
