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Today: Jun 13, 2024

Introducing Copilot for Finance – Microsoft’s cutting-edge AI chatbot previewed

1 min read

TLDR:

  • Microsoft has launched Copilot for Finance, an AI chatbot to assist with financial tasks.
  • The tool can automate tasks such as variance analysis, speeding up collections, and tracking missing invoices.

In the latest move to integrate AI into various aspects of its software suite, Microsoft has introduced Copilot for Finance. This new AI chatbot is designed to streamline financial tasks such as analyzing variance in sales, automating workflows, and providing valuable insights to finance professionals. The tool can help finance teams free up time from data entry and review cycles, allowing them to focus on more strategic initiatives within the organization.

One of the key features of Copilot for Finance is its ability to perform variance analysis in sales. By using natural language prompts, the program can quickly review data sets for anomalies, risks, and unmatched values to provide strategic insights to business leaders. The tool can also streamline audits, automate communication for collections, and accelerate financial reporting by detecting variances with ease.

Microsoft has been expanding its generative AI offerings with Copilots for various functions, including productivity and enterprise resource planning. The Finance Copilot is embedded in Microsoft 365, allowing it to seamlessly work with productivity apps in the suite. The company has also introduced Copilots for Service and Sales, further enhancing its AI capabilities.

While Microsoft has not disclosed the pricing for Copilot for Finance, the potential time and cost savings from automating financial tasks are expected to be substantial. Finance professionals can now preview the tool and sign up for the public preview to experience the benefits of AI-driven assistance in their daily tasks.