Partnering with generative AI in the finance function

Generative AI, particularly large language models (LLMs), is poised to significantly enhance the finance function by automating routine tasks such as report generation, investor communication, and strategic summarization, thereby allowing CFOs to focus on high-value strategic advising amid ongoing geopolitical and financial uncertainties. Experts like MIT Sloan's Andrew W. Lo highlight that while LLMs cannot replace CFOs, they can alleviate administrative burdens by providing initial drafts and summaries that streamline decision-making processes. In addition to supporting strategic activities, generative AI shows promise in treasury functions, including cash flow, revenue, and liquidity forecasting, as