AI In Finance; The Game-Changer for Decision-Making? 

Artificial Intelligence (AI) is no longer a futuristic concept reserved for tech giants. In this post, we’ll explore the impact of AI in finance, its influence on financial management — and why its role in forecasting, analysis, and decision-making is becoming indispensable. 

The rapid evolution of Artificial Intelligence (AI) profoundly affects finance leaders and professionals, with the potential to empower CFOs to become better, more strategic leaders.  From streamlining data analysis to enabling smarter forecasting, AI and machine learning are turning finance teams into strategic powerhouses rather than purely back-office functions, affecting the way businesses of all sizes approach financial management.  

A new report by Sage found that 86% of finance leaders now incorporate AI into their operations with impressive results influenced by automation, anomaly detection and empowered decision-making. Read a summary of the results in our free eBook below:

AI; The Opportunity for CFOs

The Key Potential Benefits of AI in Finance

1. SMARTER FORECASTING WITH MACHINE LEARNING

Traditional forecasting methods often rely on static models and limited historical data. AI, particularly machine learning, changes this by: 

  • Processing vast datasets — AI can incorporate multiple variables such as market trends, seasonality, customer behaviour, and even macroeconomic signals. 
  • Learning from patterns — Machine learning algorithms improve over time, detecting subtle correlations humans might miss. 
  • Scenario modelling — AI enables businesses to run “what-if” analyses, simulating best- and worst-case outcomes to prepare for uncertainty. 

The result? Forecasts that are not just backward-looking, but dynamic, adaptive, and increasingly accurate. Sage Intacct offers powerful tools for financial planning, budgeting, and forecasting, combining real-time data with flexible, multi-dimensional reporting tools.

The Sage Intacct Planning module allows you to build multiple versions of a plan such as:

  • Best case, worst case, and most-likely scenarios
  • Rolling forecasts that update as actuals come in
  • Side-by-side comparisons to see which strategy yields the best outcome

2. ADVANCED ANALYSIS BEYOND SPREADSHEETS

Finance teams can spend hours cleaning and reconciling data before they can even begin analysing it. AI-driven tools automate these time-consuming tasks and free up resources for deeper insights. Sage Intacct’s advanced features deliver deeper analysis via:

  • Anomaly detection: AI quickly spots unusual transactions, helping identify fraud or accounting errors early. 
  • Real-time dashboards: Instead of waiting for month-end reports, Intacct users can access up-to-the-minute insights via any internet-connected device. 
  • Granular insights: AI tools can drill down into customer profitability, cost centres, or project-level ROI with a level of detail that would take humans weeks of manual effort to compile. 

This shift moves finance from reactive reporting to proactive strategy. View more about Sage Intacct Reporting & Dashboards here.

3. INFLUENCING BETTER DECISION-MAKING

Perhaps the biggest impact of AI in financial management is its influence on decision-making. By turning complex data into actionable insights, AI empowers leaders to make faster and more informed choices. 

  • Predictive decision support: AI can suggest optimal actions, such as adjusting pricing strategies or reallocating budgets, based on predicted outcomes. 
  • Risk management: Machine learning models can flag risks before they materialise, allowing businesses to mitigate exposure. 
  • Strategic planning: With AI providing richer insights, CFOs and finance leaders are increasingly taking a seat at the strategy table, guiding business direction with evidence-backed recommendations. 

4. THE HUMAN + AI PARTNERSHIP

Finance leaders and professionals have an opportunity to embrace AI, harnessing the technology to handle repetitive, data-heavy tasks while shifting focus towards strategy, analysis and relationship building. True value can be unlocked with the synergy between machine intelligence and human judgement.

Interested in Sage Intacct?

Arrange a Call Back or 1-2-1 Demo:

Sage Intacct Support

See why Acuity24 may be the best partner for you.

More Blogs

cyber security
Post
Cybersecurity 101: Protecting Financial Data
Accuracy, compliance and trust have always been key responsibilities for finance leaders, and in today’s digital world another crucial responsibility is top of the agenda: cybersecurity. In this post we’re sharing best practices and tips on protecting financial data:   The Growing Risk Landscape Finance functions are prime targets for cybercriminals.…
Read More
city
Post
Change Management Mastery; Navigating ERP Implementation 
Implementing an Enterprise Resource Planning (ERP) system is one of the most transformative steps a business can take. The right ERP connects finance, operations, supply chain, and customer management into a single, integrated platform — enabling data-driven decision-making and greater efficiency.  However, successful implementation requires careful planning, collaboration, and change…
Read More
accountant
Post
The Evolving Accountant; Key Skills for Tomorrow’s Finance Leaders 
Technical expertise, precision and integrity are essential skills in the accounting profession. But as business and technology continue to evolve, today’s accountants need a blend of financial, analytical and interpersonal skills to achieve both career satisfaction and long-term development.   This post explores the key skills needed in accountancy for 2025 and beyond:   Technical and Analytical Expertise Solid technical knowledge remains the foundation of the profession. This…
Read More