TLDR:
Microsoft has introduced Microsoft Copilot for Finance in Microsoft 365, a new AI-assisted experience for financial professionals to streamline and automate financial processes. The tool connects to financial systems like Dynamics 365 and SAP, providing workflow automation, guided actions, and recommendations within Microsoft applications. Copilot for Finance aims to help finance teams save time, focus on strategic work, and drive business growth.
In the article, it is highlighted that finance professionals spend a significant amount of time on mundane, repetitive tasks like data entry and review cycles, rather than strategic work. Microsoft Copilot for Finance leverages AI to automate time-consuming tasks, allowing finance teams to focus on more impactful work. The tool can streamline audits, collections, and financial reporting by pulling data, suggesting actions, and providing insights directly within Microsoft applications.
Overall, Microsoft Copilot for Finance aims to assist finance professionals in reducing time spent on repetitive actions, streamlining financial processes, and driving impact within the organization. The tool is currently available in public preview and is designed to empower finance teams to become more efficient, innovative, and strategic in their roles.