If you’ve been working in the business world for long enough, you also know that the CFO is visually the hardest person to convince in the organization when it comes to spending approvals.
Indeed, no matter how great you are in terms of presentation skills, the CFO will be the key gatekeeper between you and the cool AI tool you want to test with your team!
Keep that in mind whether you are a marketer, biz-dev, executive, CIO, or else.
Facing economic uncertainty, 78% of middle-market CFOs plan to increase AI investment in accounts receivable (AR) to optimize financial workflows.
AI-driven tools automate invoice approvals and payments, cutting costs, reducing delays, and improving cash flow predictability.
Firms will increase budgets by 10% on average, with strong ROI performers boosting spending by 19%. Middle-market businesses, which lose 3.1% of revenue due to collection inefficiencies, are adopting AI to mitigate losses and reduce uncertainty.
Companies using AI for at least half of their processes are 47% less likely to face operational uncertainty, demonstrating AI’s growing role in streamlining AR and boosting efficiency.
Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
