Artificial intelligence (AI) is redefining the way businesses operate. Of course, the profile of CFO's is also revolutionizing, requiring them to be Financial Directors, experts in AI, in digital transformation and in new technologies that allow companies to be at the forefront and not be left behind in this pulsating and competitive environment.
At Brait, as experts in SAP and solutions that optimize business processes, we know that the integration of AI offers a unique competitive advantage. Next, we explore how artificial intelligence can streamline financial departments.
Examples of AI in Finance
Process Automation with OCR
Optical Character Recognition (OCR) technology has transformed both invoice accounting and document management. By integrating AI with VIM, OpenText Vendor Invoice Management for SAP Solutions, companies can automatically capture and process invoices, ensuring accuracy and efficiency throughout the invoice lifecycle.
Intelligent Document Management
With solutions such as OpenText Content Management (Extended ECM), it is possible to automate the organization and access to documents, even automatically import documents, improving collaboration and ensuring that data is always up to date and accessible.
A system that automatically classifies, archives and retrieves the files, allowing teams to focus on more strategic tasks and improve operational efficiency.
Improving Treasury Processes with AI
The treasury is an area where AI provides significant value. AI algorithms can predict cash flows, identify spending patterns and optimize liquidity management. They also automate processes such as bank reconciliation and financial risk management, allowing for more informed decision-making. At Brait, we have customised solutions for treasury management in SAP.
Other areas of AI in companies
Customer service with artificial intelligence
AI improves the customer experience through chatbots and virtual assistants that handle common queries and provide 24/7 support. This improves customer satisfaction and frees up support teams for more critical cases.
Automated Quality Control with AI
In industries such as food and materials, AI, using computer vision systems, automates quality control. These systems can analyze images of products to evaluate their quality, ensuring that only the best reach the market, optimizing the use of resources and reducing waste.
AI applied to Marketing and Sales
AI analyzes customer behavior and sales data to identify patterns and trends, allowing the personalization of marketing campaigns and the optimization of sales strategies. It also predicts customer needs, helping companies to offer more relevant products and services.
Supply Chain Management
SAP Integrated Business Planning (IBP) for the supply chain uses AI to predict demand and optimize inventory, ensuring more agile and efficient operations.
AI Solutions for Human Resources
AI transforms human resource management by automating recruitment processes and analyzing employee data to identify training opportunities and improve talent retention.
Cybersecurity
AI plays a vital role in protecting data and detecting cyber threats. It monitors networks to identify abnormal behavior and responds to threats in real time, improving the security of IT infrastructure.
Digital transformation with Brait
At Brait, we are committed to supporting companies in their digital transformation, taking advantage of these technologies to maximize performance. If you want to explore how these integrations can benefit your organization, don't hesitate to contact us.
