Finance on the Path to Automation – Where to Begin with AI?

Finance functions have already come a long way—from manual processes and paper-based offices to digitalised and integrated operations that support data-driven decision-making. Now, we are entering the fourth wave of transformation, where AI is expected to bring about a shift as profound as the internet once did. The pace of AI development in recent years has been extraordinary, and it’s no longer just a technological promise—it’s something that must be integrated into everyday work.

AI-powered solutions have the potential to reshape the role, skill requirements, and impact of finance organisations. 

Many CFOs are now asking: Where do we start? 

Start with everyday needs. 

Many organizations have already automated tasks like invoice processing, reconciliations, or reporting. In these areas, AI can bring speed, accuracy, and free up time for analytics. 

Identify the strategic connection. 

Leveraging AI is not just an operational issue. When finance functions use data and technology proactively, they can support decision-making, risk management, and growth in entirely new ways. 

Build a future-ready team. 

Finance roles are evolving. There’s a growing need for professionals who understand both core financial processes and the opportunities technology offers. 

Adopting AI in finance may raise uncertainty—and that’s completely natural. It’s okay to feel apprehensive when facing new technology. But within that uncertainty lies opportunity. 

When AI takes over routine tasks, it doesn’t eliminate jobs—it transforms them. Finance professionals will have more time to focus on what creates the most value: collaborating with stakeholders, supporting the business, and making impactful use of data in ethical way.  

Predictive scenario models that combine data from multiple sources enable finance to take on a new role—not just reporting the past but guiding the future. AI isn’t just about efficiency—it’s a tool for transforming finance into a strategic partner. 

At Midagon, our experts support clients through this transformation—not with a technology-first mindset, but by focusing on business needs. Together, we can ensure that AI doesn’t remain a disconnected innovation but becomes a part of everyday work that supports decision-making, growth, and competitive advantage.