The CFO's POV: Implementing Financial Automation in 2024 | Ft. Deena Jacob

With Generative AI in the picture - we have noticed a significant shift in industries to leverage it. The use cases are in abundance and we are only getting started.

In this video, we take you on a discussion that concerns the FinTech industry and share valuable inputs around this with Co-founder & CFO of Open Financial Technologies, Deena Jacob.

In the course of this video, the following points were discussed - you can find the specific conversation by clicking on the time stamps:

0:00 to 1:30 Introduction
1:31 to 5:44 What are the current challenges & opportunities for CFOs and finance teams with Gen AI?
5:45 to 13:08 What can change in the existing processes and team to integrate GenAI?
13:09 to 16:48 How CFOs Can Achieve Financial Automation?
16:49 to 22:08 What is the right way to identify the right automation tools with a budget?
22:09 to 27:04 How to ensure successful implementation of financial automation?
27:05 to 30:24 How do you determine the hidden costs associated with financial automation?
30:25 to 33:20 How can a CFO partake in cost-benefit analysis to determine ROI on financial automation?
33:21 to 38:40 Thoughts on algorithmic biases & their impact on the ethical implementation of financial automation.
38:41 to end of video
How can CFOs drive financial automation within their organization?

Tell us which part of the financial automation journey you are currently on, we'd love to hear about it.