Co-Founder, Chairman, and Chief Executive Officer at AvidXchange, Inc. | Tech Founder | Growth + Innovation Mindset
Tech moves fast, but AI in finance is really taking off! 🚀 AvidXchange, Inc. surveyed 500 finance executives in September 2023 to learn more about their priorities for 2024, and guess what? AI was the top focus. While that wasn’t surprising, some of the more granular statistics caught our eye: 💡 72% of finance departments are already using AI. 💡 71% of finance leaders are building AI tech in-house, while only 29% are outsourcing. 💡 60% of finance leaders are very comfortable using AI tools. 💡 49% of organizations are upskilling their finance teams with digital skills. AI is accelerating business in every field, especially in finance and accounts payable. Companies investing in AI and training their teams will manage costs better, attract top talent, and deliver more value to customers. If your company is just beginning its AI journey, check out AvidXchange. We’ll help you get started with AI and #APAutomation faster than you think! Learn more here: https://lnkd.in/eMqQYQCZ. #Finance #CFO #ArtificialIntelligence #AccountsPayable
Great topic at our dinner with one of our new partners!! 😊
Helping small business owners ditch 80-hour work weeks & 1-digit profit margins. Follow me to learn how to be truly AI-first | CEO @ Ertiqah
3w71% developing in-house doesn't surprise me. Most commercial use-cases require customization & data privacy, and only open-source AI can give that.