Early use of AI for finance focused on operations, analytics

Using AI for finance processes has been a compelling idea for years, and it's not hard to find companies that are really doing it. Machine learning, natural language processing (NLP) and intelligent chatbots are taking over much of the tedious work of accounting, reporting and auditing. They're even performing basic financial analysis and decision-making that used to be unique to humans. But several experts agreed that AI for finance departments is still in the early adoption phase. Companies are either piloting AI or using it for narrow purposes, said Adrian Tay, managing director of finance and CFO services at Deloitte Consulting.