Tools for business: GenAI is the new CFO weapon

The Financial function has always been at the forefront of utilising the available technology and tools for number crunching and providing insights to the management. In the era of AI too, it is redefining the contours of financial strategy by tapping into the potential of AI tools. The Finance function is no longer confined to the back office, it has become a frontline function and CFOs are the torchbearers to AI adoption. Some of the savvy CFOs are redefining their roles going beyond score keeping and post mortem analysis to becoming cost strategists—the movers and shakers in the organisation.