Using Copilot in Finance

AI is transforming crucial tasks in Finance such as budgeting, forecasting, financial analysis, and corporate performance management. AI guided experiences can provide the ability to analyze vast amounts of data, utilize process-based data models to uncover valuable insights, and enhance the accuracy of financial projections.

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Microsoft Copilot opportunity to impact key functional area KPIs

Review our KPI overviews and view additional scenario details.

Cost per analysis request

Microsoft Copilot can help with lowering resolution times which in turn ​leads to increased agent productivity and higher customer satisfaction rates.​

Risk management

Finance teams grapple with complex tasks—from credit and collections to risk management and compliance. Get real-time insights and strategic recommendations. By automating mundane tasks, Microsoft Copilot frees up time for critical decisions, streamlining audits, simplifying collections, and accelerating financial reporting.

Outsourcing spend

As a cost center, Finance teams face the challenge of constantly achieving more with fewer resources. By assisting with everyday tasks, Microsoft Copilot can help increase time for additional analysis, proactive audits, collections processes, and financial reporting.

Spend on financial systems and tooling

Microsoft Copilot can be extended into processes to bring data together and speed decision-making without performing expensive updates to financial systems.

Days sales outstanding

Collections play a crucial role in any business. Timely and efficient collections help ensure healthy cash flow, liquidity, and operational efficiency. 

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Transform Finance processes

Key processes Before AI Using AI
Planning & analysisLack of insight into customer and market trends can lead to reactive rather than proactive processes, reducing the ability to capitalize on market opportunities.Analyze cashflow variancesIntelligent sales forecasting​

Identify cash flow issues with Copilot for Finance

Financial insights

Copilot can help you use Python to analyze data

Launch a new accounting app

Use natural language search and smart agents to query data for deeper insights or ask about potential risks due to recent regulatory changes.

Optimize your financial operations (Microsoft Copilot only)

Rapidly create training content to get users up to speed with new applications that help them be more productive.

Build a business case

Use Copilot to complete simple tasks like data collection or catching up with news and trends during the day to enable focus on more valuable analysis.

Procure to payInefficient invoice processing and procurement approvals, inconsistent policies, lack of spend intelligence resulting in higher costs.Procurement insight accelerationContract accounting guidance

Enable faster speed to insights for contract data, supplier spend, and procurement business processes.

Contract managementAmendment comparisonsContract reviewCollections coordination

Understand contract terms and collaborate on updates.

Record to reportHaving data stored in disparate environments can slow decision making and reporting.Analyze business performanceReconcile financial data to accelerate period closing​

Make better decisions using Copilot for Finance

Risk management & complianceData silos and lack of scenario planning characterized by delayed responses to market changes, leaving the organization vulnerable to unforeseen financial threats and compliance breaches​.Automate financial query managementUpdate a guidance document

Create chat bots to answer internal questions about finance processes.

Accounting document evaluation

Rapidly update guidance documents to match new regulations.