The Future Of Finance: How AI And Data Can Boost Business Performance
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Key Takeaway
Finance leaders are already deploying AI across accounts payable, procurement, and cash management – and every CFO surveyed in Coupa's 2024 research reported using AI to cut costs and lift productivity. The results trace back to data quality: AI built on proprietary, longitudinally sourced data from large supplier networks consistently outperforms tools trained on scraped or survey-based inputs. If you are evaluating AI vendors right now, the most important question is not what the model does – it is where the training data came from and how long it has been accumulating.
Finance leaders are already deploying AI across accounts payable, procurement, and cash management – and every CFO surveyed in Coupa's 2024 research reported using AI to cut costs and lift productivity. The results trace back to data quality: AI built on proprietary, longitudinally sourced data from large supplier networks consistently outperforms tools trained on scraped or survey-based inputs. If you are evaluating AI vendors right now, the most important question is not what the model does – it is where the training data came from and how long it has been accumulating.
Originally reported by Financial Times. Read the full story here.
