How AI is Changing the Way Finance Teams Work

The Challenge

Time-Consuming Process: The finance team at HPE spent most of their week preparing for Monday meetings, gathering data from various parts of the company.
Limited Strategic Focus: This left little time to discuss the company’s future.

AI-Powered Automation: The finance team collaborated with Deloitte to create Alfred, an AI tool named after Batman’s butler.
Automated Data Analysis: Alfred automatically pulls and analyzes data, reducing the time and cost of financial reporting.
Quick Access to Insights: Leaders can now quickly access the information they need.

Efficiency Gains: What used to take hours now takes seconds, freeing up the team for more strategic tasks.
Beyond Automation: AI adoption is about more than just automating tasks—it’s about changing how people work.
Empowering the Team: The finance team is learning to use AI and even build their own tools, taking control of their work.
Encouraging Experimentation: The team is rewarded for experimenting with AI, making it a normal part of their workflow.

Expanding AI Use: The finance team aims to leverage AI in even more ways.
Strategic Involvement: They see AI as a way to make the CFO more involved in shaping the company’s future.