AI Use Cases for the Office of the CFO

How AI Is Driving Value Across Financial Operations

For CFOs looking to drive efficiency, reduce risk, and unlock deeper insights, AI offers a growing set of real-world use cases. These go far beyond automation—they represent a strategic upgrade to how finance operates, enabling teams to move faster, think deeper, and plan smarter.

Below are the most relevant, CFO-ready applications of AI, LLMs, and PT-SLMs.

1. Financial Forecasting & Scenario Planning

LLMs and PT-SLMs can ingest historical data, external market signals, and operational variables to help:

  • Generate dynamic forecasts with multiple assumptions
  • Run what-if simulations across cost, revenue, or FX variables
  • Identify anomalies or inconsistencies in models

CFO Benefit: Faster, more adaptable forecasting cycles—less time in Excel, more time in strategy.

2. Risk Management & Compliance

AI models can scan contracts, transactions, and policies to:

  • Flag potential regulatory risks or policy violations
  • Identify financial control gaps or missing documentation
  • Monitor changes in compliance obligations (e.g., IFRS, tax codes)

CFO Benefit: Reduced audit risk, improved confidence in compliance, and earlier risk detection.

3. Real-Time Analytics & Financial Reporting

AI copilots can help finance teams:

  • Summarize financial performance in plain English
  • Generate board-ready commentary or variance analysis
  • Respond to real-time queries (“Why did EBITDA drop in Q2?”)

CFO Benefit: Accelerated close and reporting cycles with more insightful narratives.

4. Intelligent Document Processing

AI can extract, interpret, and classify information from:

  • Invoices, POs, contracts, and tax filings
  • Bank statements or vendor communications
  • Financial disclosures and ESG reports

CFO Benefit: Reduces manual data entry, accelerates workflows, and increases accuracy.

5. Spend Analysis & Cost Optimization

AI can analyze procurement, travel, and departmental spending to:

  • Identify redundant vendors or overbudget areas
  • Recommend cost-saving measures
  • Spot spend anomalies or fraud patterns

CFO Benefit: Real-time control over cost levers and improved budget enforcement.

6. Strategic Decision Support

PT-SLMs can act as intelligent copilots during planning and reviews by:

  • Answering finance-related questions using internal data
  • Drafting investment memos or scenario summaries
  • Suggesting actions based on historical patterns

CFO Benefit: More strategic conversations and fewer fire drills.

These use cases aren’t “future state”—they’re available now and delivering ROI for finance leaders who act early.

Up Next
    Ebook Download
    View all
    Learn
    View all