Paul Barnhurst tells CFOs to stop chasing AI hype. Finance should automate existing processes first, then layer in AI thoughtfully to help the business make faster decisions. Rushing into AI without that foundation wastes time and money.
Don't chase AI for the sake of AI. Always come back to what am I being paid to do? Finance's job ultimately as an entire org CFO is to help the business make better, faster decisions. If you're doing that and you're doing a good job of that and you have automated things really well without AI, great. Now layer in AI and you could probably even help a little bit with the faster and the better, but don't think you have to immediately just go and run and chase it. How can I do that better? Smarter to drive the business forward. And if you take it from that perspective, hopefully it'll help a little bit with the fatigue, it'll help a little bit with being overwhelmed versus, well, I read on LinkedIn I can build my model in 5 minutes. Every CFO built their budget in 30 minutes for the year, and it took me 8 hours.
AI Is Accelerating Faster Than Humans Can Keep Up: What Should Finance Pros Do
