Ai in Finance Archives

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

Fast, Clear, and Actionable: A Reimagined Approach to Financial Risk Intelligence

December 10, 2024 by Michael Bottala, CPA

Financial professionals are inundated with vast amounts of data, making it increasingly difficult for teams to sift through information and identify areas of concern. Our users want a solution that doesn’t just show them the data, they want to be told exactly where risks are lurking and how to act on them. Traditional methods, even … Read more

Operational Risk Management: AI Tools and Best Practices for Finance and Audit

November 27, 2024 by MindBridge

Learn how to master operational risk management in finance and auditing. Discover AI tools and strategies to identify, mitigate, and monitor risks effectively.

Operational risk poses a significant challenge for organizations, threatening financial stability and reputations alike when internal processes, systems, or external events fail. For all organizations, operational risk management is essential to protect against costly disruptions. Risk identification, assessment, mitigation, and monitoring are the pillars of operational risk management. Many methods are used to conduct these … Read more

Riding the waves of transformation: Embracing AI and strategic change in finance and accounting

October 3, 2024 by MindBridge

Discover how AI is transforming finance and accounting. Learn from industry expert Tom Hood at The MindBridge Conference how AI, automation, and strategic innovation drive success in the rapidly evolving financial landscape.

AI is not just another tool for finance—it’s the key to unlocking your team’s full strategic potential. As businesses accelerate their AI adoption, finance leaders must prepare to surf the wave or risk sinking. At The MindBridge Conference 2024, Tom Hood, Executive Vice President of Business Engagement & Growth for AICPA & CIMA, delivered a … Read more

Key takeaways on AI in finance from the Gartner CFO Conference 2024

September 22, 2024June 6, 2024 by Matthias Steinberg

AI + automation = effortless financial analysis

A message from MindBridge CFO, Matthias Steinberg The Gartner CFO conference is an important industry event for my company MindBridge. It gives me the opportunity to join and support the MindBridge team and I get to participate in many of the keynotes, presentations, and round tables. Naturally, I am keen to understand where AI adoption … Read more

Revolutionizing accounting oversight: MindBridge’s next-generation anomaly detection

June 5, 2024 by Michael Bottala, CPA

The accuracy of financial data is not just an operational need but a strategic imperative. Clean financial data is crucial for reliable financial analysis, accurate reporting, and sound decision-making. Finance teams need to be the trusted source of truth. This allows the business to maintain consistent compliance, manage risks, and optimize performance in business operations … Read more

5 transformative trends shaping finance and accounting today

January 3, 2024 by MindBridge

Discover generative AI’s impact on finance and accounting trends, including automation, digital transformation, and how it revolutionizes the industry.