Microsoft has unveiled its latest innovation, the Copilot chatbot, designed specifically for finance professionals. This move reflects a broader trend in the industry, with companies integrating artificial intelligence into their products to enhance efficiency for clients. The tool is set to be released in public preview, with pricing details to follow.
Charles Lamanna, a Microsoft corporate vice president, expressed the company’s desire for every department to benefit from the Copilot’s capabilities. The finance-focused Copilot will initially handle tasks such as conducting a variance analysis, reconciling data in Excel, and expediting the collections process in Outlook. It is expected to integrate additional features throughout the year, leveraging information from SAP and Microsoft Dynamics 365.
Microsoft’s modern finance lead, Cory Hrncirik, emphasized the significant time savings the Copilot can offer finance teams. By automating data reconciliation processes, the tool aims to free up employees for more strategic work. While the adoption of the Copilot is optional for Microsoft’s finance staff, widespread use could potentially expedite the financial closing process for companies.
The Copilot’s adaptability to different business environments and role-based access controls make it a secure and customizable tool for finance professionals. Microsoft’s ongoing investment in AI-driven technologies affirms that the Copilot is just the beginning of a broader trend towards intelligent automation in finance.
Microsoft
Artificial intelligence
2024-03-03 05:00:04
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