The finance department is a cornerstone of every organization, overseeing critical functions like quote-to-cash processes, credit and collections, compliance, and risk management. In addition to these core responsibilities, financial teams are tasked with analyzing real-time data to assess business performance and offer growth recommendations. However, 80% of the finance leaders and teams need help balancing strategic objectives with day-to-day operational tasks. Recent research reveals that 62% of finance professionals express frustration with repetitive tasks and review cycles, aspiring to contribute more to driving growth strategies.
In response to these challenges, Microsoft has launched Copilot for Finance, building upon the success of Copilot for Sales and Copilot for Service. This innovative tool aims to enhance financial operations, enabling teams to streamline tasks, automate workflows, and leverage valuable insights to support strategic decision-making.
Read this blog to discover how Microsoft Copilot for Finance can empower you to reclaim time and take on a more proactive role in delivering counsel and recommendations to drive organizational success.
Introducing Microsoft Copilot for Finance: Automating and transforming financial operations
Microsoft Copilot for Finance is a new AI-assisted experience within Microsoft 365, designed specifically for financial professionals. Now in public preview, Copilot for Finance integrates with your organization’s financial systems, such as Dynamics 365 Finance and Operations. It offers role-specific workflow automation, guided actions, and recommendations directly within Microsoft Outlook, Excel, Teams, and other Microsoft 365 applications. This helps save time and allows you to focus on what truly matters: steering the company to success.
Based on IDC’s research, 68% of CFOs expect revenue growth in the next five years with the help of generative AI. By utilizing Copilot for Finance, finance teams can benefit from AI-driven insights and task automation, allowing them to concentrate on improving their role as financial strategists and stewards.
Read more: Discover how Microsoft Copilot is redefining productivity through the power of AI.