Join host Myles Corson as he welcomes Cory Hrncirik, Modern Finance Lead at Microsoft, to discuss the transformation of Microsoft's finance function through the strategic application of artificial intelligence (AI). This episode of The EY Better Finance podcast delves into how AI is modernizing finance processes, enhancing forecasting accuracy and streamlining risk management.
The conversation highlights Microsoft's journey toward innovation within its finance department, marked by the rapid adoption of Microsoft Copilot. Cory Hrncirik outlines the critical role of high-quality, structured and pre-indexed data as the cornerstone for successful AI implementation and the continuous evolution of data management practices at Microsoft.
Moreover, the episode sheds light on the importance of a collaborative culture and systems thinking in achieving corporate objectives. It details Microsoft's strategic efforts to empower finance professionals as citizen developers, enabling them to leverage low code, no code tools, or partner with IT and engineering to catalyze the finance function's transformation.
Insightful and forward-looking, this episode provides a glimpse into how Microsoft's strategic approach to integrating finance and technology is securing its position in the rapidly evolving digital landscape.
Key takeaways:
- Explore how Microsoft's finance function has undergone a transformative shift by embracing AI to modernize key processes, including forecasting and risk management.
- Discover Microsoft's culture of innovation through the rapid adoption of Copilot, an AI tool that enhances productivity and positions the finance department at the forefront of technological advancement.
- Understand the critical role of high-quality, structured data as the foundation for effective AI implementation, driving performance and decision-making within finance operations.
For your convenience, full text transcript of this podcast is also available.