How CFOs can harness the transformative power of AI in finance

In this episode of the Better Finance podcast, Glenn Hopper joins Myles Corson to discuss digital transformation in finance and benefits of seeing AI as a tool rather than a threat.

In this episode, we delve into the transformative role of the CFO in the rapidly evolving landscape of finance, shaped by the advent of digital technology and artificial intelligence (AI). Glenn Hopper, CFO at Eventus Advisory Group, shares his insights on how the traditional responsibilities of CFOs are expanding beyond mere financial reporting to encompass strategic guidance and predictive analytics.

The episode provides an understanding of how CFOs can become pivotal change agents within their organizations. It discusses the importance of embracing technology and AI to not only enhance forecasting and metrics reporting, but also to drive informed decision-making processes. The episode also explores the value of leveraging data from a variety of sources, beyond financial data, to gain a competitive edge.

The episode also explores the reasons for CFOs to conduct thorough reviews of business processes across all departments and explains how identifying inefficiencies and optimizing data flows can help to improve an organization's overall performance. Plus, it offers some insights into the potential opportunities and limitations of AI in financial planning and analysis (FP&A).

Finally, the episode addresses the strategic leadership skills required by CFOs in this age of digital transformation. Glenn shares insights on the need for CFOs to understand data science principles and responsibly leverage AI tools to enhance organizational efficiency.

Key takeaways:

  • Understand the evolving role of the CFO beyond traditional financial reporting, and how it can include strategic guidance and predictive analytics.
  • Discover insights into how CFOs can embrace technology and AI to enhance forecasts, metrics reporting and overall decision-making processes.
  • Understand how CFOs can review and improve business processes across the entire organization, not just within finance and accounting.
  • Develop an understanding of the potential and limitations of AI in FP&A.
  • Recognize the strategic leadership skills required by CFOs in the age of digital transformation.

For your convenience, full text transcript of this podcast is also available.


Season 6, Episode 12


0h 34m 27s