In today's rapidly evolving business landscape, the role of the CFO is undergoing a transformative shift. As highlighted in a recent discussion on the Digitally Curious podcast with <a href='https://www.linkedin.com/in/cajseattle/'>Chris Juneau</a>, Head of Market Strategy for <a href='https://concur.co.uk'>SAP Concur</a>, CFOs are increasingly turning to AI to drive strategic growth and innovation.Many of you may already be using SAP Concur without realising it. When you book a trip, submit your expenses, or you use the brilliant traveller app Tripit, you’re using SAP Concur services.I spoke with Chris about a couple of recent reports from <a href='https://concur.co.uk'>SAP Concur</a>, one which looks at how CFOs are embracing AI, and another about how to measure and maximise the returns from AI.Key Insights from the CFO Insights Report:<ul><li>Rising Investment in AI: Despite 58% of CFOs admitting limited understanding of AI, investment in AI technologies has surged from 15% to 51% since 2023. This reflects a growing recognition of AI's potential to revolutionise financial processes.</li><li>AI Applications in Finance: CFOs are leveraging AI for various applications, including journaling and bookkeeping (65%), financial planning (59%), and risk scenario planning (53%). These technologies are not only enhancing efficiency but also enabling more strategic decision-making.</li><li>Bridging the Knowledge Gap: Education is key. SAP Concur is committed to educating financial leaders on AI applications, helping them ask the right questions and implement AI responsibly within their organisations.</li></ul>AI adoption is not just about cost reduction; it's about unlocking productivity gains and fostering innovation. By automating mundane tasks, CFOs can focus on strategic initiatives that drive business growth.So what can you do next?Educate and Empower: Continuously educate your teams on AI's potential and collaborate with technology partners to harness its full capabilities.Collaborate Across Functions: Partner with HR and IT leaders to ensure a holistic approach to digital transformation.Challenge the Status Quo: Always seek better ways to optimise business processes and drive strategic outcomes – start exploring your existing platforms and see if they can be enhanced by AI.Join us in exploring how AI is reshaping the role of the CFO and driving businesses towards a more innovative future. Resources Mentioned <a href='https://curious.click/cfo-insights'>CFO Insights report: Repositing for Growth</a> <a href='https://curious.click/maximise-ai'>CFO Insights report: How to Measure and Maximise AI Returns</a> <a href='https://curious.click/concur-expense'>Concur Expense</a> <a href='https://www.linkedin.com/in/cajseattle/'>Chris Juneau on LinkedIn</a> This is a paid partnership with SAP Concur.Thanks for listening to Digitally Curious. You can buy the book that showcases these episodes at <a href='https://curious.click/order'>curious.click/order</a> Your Host is Actionable Futurist® Andrew Grill For more on Andrew - what he speaks about and recent talks, please visit <a href='https://podc.st/website'>ActionableFuturist.com</a> Andrew's Social Channels Andrew on <a href='https://podc.st/linkedin'>LinkedIn</a> <a href='https://podc.st/twitter'>@AndrewGrill</a> on Twitter <a href='https://podc.st/instagram'>@Andrew.Grill </a>on Instagram Keynote speeches <a href='https://podc.st/videos'>here</a> <a href='https://digitallycurious.ai'>Order Digitally Curious</a>

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S6 Episode 10: Navigating the AI Revolution in Finance with Chris Juneau from SAP Concur

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