Ai in Finance Archives

Data Analytics in Internal Audit: The Next Evolution of Risk Management

March 31, 2025 by MindBridge

Discover how data analytics revolutionizes internal audits by boosting accuracy, efficiency, and proactive risk management through AI and continuous monitoring solutions.

The Role of Data Analytics in Internal Audit Internal audit is no longer just about compliance and risk mitigation—it has become a strategic function that safeguards business integrity and enhances operational efficiency. Today’s internal auditors are expected to manage increasingly complex financial landscapes, address rising regulatory pressures, and provide continuous risk insights. Traditional audit approaches—rooted … Read more

Achieving Transformational Outcomes with AI in Finance & Compliance

March 31, 2025 by MindBridge

Watch MindBridge CEO Stephen DeWitt explain the impact of AI. AI in finance transformation is reshaping governance, risk, and compliance. Discover how AI-powered financial analysis enhances oversight, detects risks in real time, and ensures regulatory compliance.

AI isn’t just an upgrade to financial processes—it’s transforming the entire enterprise. From governance and compliance to financial oversight and risk management, AI is now embedded in processes that once relied on manual oversight. As MindBridge CEO Stephen DeWitt puts it: “Every process that predated AI will be reimagined, powered by AI.” The AI-Driven Transformation … Read more

IIA GAM 2025 Recap: The AI-Powered Future of Internal Audit is Here

March 17, 2025 by MindBridge

The IIA GAM 2025 Conference brought together the brightest minds in internal audit, finance, and risk management. Over three days in Orlando, industry leaders tackled the biggest challenges facing audit teams today—rising financial complexity, growing regulatory pressure, and the undeniable need for AI-driven transformation. FedEx’s Jamie Bailey Meziere and ExxonMobil’s Beth Casteel led insightful discussions … Read more

How AI is Automating Manual Journal Entry Reviews

February 4, 2025 by MindBridge

Manual journal entry reviews are inefficient and risky. Discover how AI automates oversight, strengthens SOX compliance, and eliminates financial blind spots.

Finance leaders are under more pressure than ever. Regulatory scrutiny is rising, market volatility is unpredictable, and finance teams are being asked to do more with less. Yet, many organizations still rely on outdated manual journal entry (MJE) reviews, creating unnecessary risk, inefficiency, and compliance gaps. Traditional sampling methods fail to provide full financial oversight. … Read more

MindBridge and Databricks: A Strategic Partnership for AI-Powered Financial Decision Intelligence

February 4, 2025 by MindBridge

Discover how MindBridge and Databricks are transforming AI-powered financial decision intelligence. Learn how joint customers can enhance financial oversight, gain deeper insights, and streamline decision-making using advanced AI analytics within Databricks’ Data Intelligence Platform.

Finance and data leaders are sitting on massive amounts of financial data, yet unlocking its true value for strategic decision-making remains a challenge. Data alone doesn’t drive better decisions—intelligence does. Organizations need a way to extract meaningful, real-time insights without adding complexity to their workflows. For enterprises leveraging Databricks, financial decision intelligence just took a … Read more

AI in Financial Planning: The CFO’s Guide to Strategic Decision-Making

January 29, 2025 by MindBridge

The financial landscape is evolving rapidly, and CFOs are at the forefront of this transformation. AI in financial planning is no longer a futuristic concept—it’s a competitive advantage that enhances decision-making, risk management, and strategic execution. AI-powered tools enable finance professionals to analyze complex financial flows in real time, surface hidden risks, and optimize planning … Read more

Continuous Auditing: Real-Time Accountability with AI-Powered Decision Intelligence

January 24, 2025 by MindBridge

Discover how continuous auditing, powered by AI, transforms financial oversight with real-time insights, risk mitigation, and compliance. Learn the benefits, use cases, and strategies for implementing continuous auditing to enhance decision-making and operational efficiency.

Transparency and accountability are essential for businesses worldwide. While traditional audits provide these safeguards, their periodic nature often leaves gaps in risk coverage. Continuous auditing, powered by AI, offers a proactive solution, enabling real-time insights and more effective risk management. This article explores the fundamentals of continuous auditing, its use cases, benefits, challenges, and implementation … Read more

The Role of the CFO in an Era of Emerging AI

January 23, 2025 by Matthias Steinberg

The extraordinarily rapid advancement of machine learning in this decade is putting enormous pressure on enterprises of all kinds to incorporate AI into the applications that drive their operating models. The gains in productivity are almost certain to be game-changing, but it is early days, and that is putting risk management in the spotlight as … Read more

A New Era for Leadership: 5 CFO Considerations in a Changing Business Landscape

January 21, 2025 by MindBridge

Discover 5 key considerations for CFOs in today’s changing business landscape. Learn how AI for CFOs can drive operational efficiency, enhance risk management, and empower data-driven decision-making to stay competitive.

Donald Trump’s inauguration as the 47th president of the United States marks a significant transition in leadership. These transitions often mark fresh opportunities and evolving priorities for enterprises. For CFOs, the challenge lies in aligning their financial strategies with evolving global, domestic, and corporate visions while ensuring their organizations remain agile, resilient, and future-ready. In … Read more

How AI is Bridging the Three Lines of Defense in Finance and Audit Transformation

January 7, 2025 by MindBridge

Learn how AI is bridging the three lines of defense in finance, enhancing collaboration, improving risk management, and transforming audits with actionable insights from Chevron, Polaris, and Sealed Air.

Artificial intelligence (AI) is revolutionizing financial processes, risk management, and internal audits by enabling data-driven decision-making and fostering collaboration across the three lines of defense—management, internal audit, and external auditors. At the MindBridge Conference 2024, industry leaders like Ryan Mitchell (Chevron), Chris Swanson (Polaris), and Mark Stone (Sealed Air), alongside moderator Michelle Alexander, shared how … Read more

AI and Auditing: The Future of Financial Assurance

January 6, 2025December 31, 2024 by MindBridge

Discover how AI and auditing work together to transform financial assurance. Learn about its benefits, challenges, and best practices for implementing AI in auditing to enhance accuracy, efficiency, and fraud detection

When thinking of financial auditing, many see it as a difficult process with a lot of sensitive data and potential issues along the way. There’s no shortage of technologies meant to help auditors, yet the process doesn’t always feel easy. Anomalies in data, inaccuracies, and even subtle fraud attempts are all things traditional audit methods … Read more

AI-Powered Anomaly Detection: Going Beyond the Balance Sheet

December 18, 2024 by MindBridge

Discover how AI-powered anomaly detection transforms financial oversight. Learn about identifying point, contextual, and collective anomalies with MindBridge, ensuring compliance, mitigating risks, and enhancing operational efficiency.

Anomaly detection in financial data involves identifying unusual patterns or behaviors that deviate from expected norms. It is essential for detecting potential risks, such as fraud, policy violations, or inefficiencies, enabling organizations to take proactive measures to safeguard their operations. However, identifying financial anomalies is no simple task. These irregularities can be deeply embedded within … Read more