AI Automation Transforms Finance Across Global Institutions

Finance and accounting (F&A) are undergoing a major transformation driven by automation and artificial intelligence (AI), shifting from traditional back-office roles to strategic value creators that enable real-time insights and proactive decision-making. Intelligent process automation (IPA), which combines RPA, AI, and generative AI, supports more complex, judgment-intensive accounting tasks and orchestrates processes across systems, enhancing both efficiency and creativity. Companies like Lucanet are empowering CFOs to move from manual operations to strategic management by centralizing data and embedding AI-driven automation for faster, data-informed decisions. Industry leaders emphasize responsible AI integration, highlighting the need for collaboration, ethical frameworks, and continuous training to ensure AI is deployed in a transparent and accountable manner. Financial institutions, exemplified by DBS Bank, are adopting rigorous governance and ethical guidelines to balance innovation with risk management, focusing on fairness, transparency, and compliance in AI applications. Overall, the infusion of AI and automation is redefining F&A roles and partnerships, enabling finance functions to not only report but actively shape business outcomes.