{"id":11501,"date":"2024-07-10T09:00:00","date_gmt":"2024-07-10T13:00:00","guid":{"rendered":"https:\/\/www.sage.com\/en-ca\/blog\/?p=11501"},"modified":"2026-01-15T11:22:49","modified_gmt":"2026-01-15T16:22:49","slug":"how-to-master-ai","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-ca\/blog\/how-to-master-ai\/","title":{"rendered":"The tech-finance fusion: How to master AI"},"content":{"rendered":"<header class=\"entry-header has-dark-background-color entry-header--has-illustration entry-header--has-illustration--generic\">\n\t<div class=\"container\">\n\t\t<div class=\"entry-header__row row align-center\">\n\t\t\t<div class=\"col col-lg-7 col-xlg-6 entry-header__content\">\n\t\t\t\t\t\t\t<div class=\"component component-single-header\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"entry-header__misc text--subtitle text--uppercase text--small\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-ca\/blog\/category\/technology-innovation\/\" class=\"entry-header__link\">Technology &amp; Innovation<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<div class=\"entry-title-wrapper\">\n\t\t\t\t\t<h1 class=\"entry-title\">\n\t\t\t\t\t\tThe tech-finance fusion: How to master AI\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t<p class=\"entry-header__description\">\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t<div class=\"single-post-details container\">\n\t\t<div class=\"col\">\n\t\t\t<span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2024-07-10T09:00:00-04:00\">July 10, 2024<\/time><\/span><span class=\"reading-time\"> min read<\/span>\n\t\t<button\n\t\t\ttype=\"button\"\n\t\t\tclass=\"social-share-button button button--icon button--secondary js-social-share-button\"\n\t\t\tdata-share-title=\"The tech-finance fusion: How to master AI\"\n\t\t\tdata-share-url=\"https:\/\/www.sage.com\/en-ca\/blog\/how-to-master-ai\/\"\n\t\t\tdata-share-text=\"Please read this interesting article\"\n\t\t>\n\t\t\t<span class=\"social-share-button__share-label\">Share<\/span>\n\t\t\t<span class=\"social-share-button__copy-label\" hidden>Copy Link<\/span>\n\t\t\t<span class=\"social-share-button__copy-tooltip\" aria-hidden=\"true\" hidden>Copied<\/span>\n\t\t<\/button>\n\n\t\t\t\t<\/div>\n\t<\/div>\n\t<\/header>\n\n\n\n<div class=\"wp-block-post-author has-dark-background-color alignfull\">\n\t<div class=\"container\">\n\t\t<div class=\"col\">\n\t\t\t\t\t\t\t<div class=\"co-authors\">\n\t\t\t\t\t\n\t\t<div class=\"entry-author-wrapper\">\n\t\t\t<a class=\"entry-author\" href=\"https:\/\/www.sage.com\/en-ca\/blog\/author\/asavinwattanajantra\/\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"40\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2026\/03\/Asavin-350x350.jpg\" class=\"entry-author__image\" alt=\"Asavin\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2026\/03\/Asavin-350x350.jpg 350w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2026\/03\/Asavin-768x768.jpg 768w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2026\/03\/Asavin-810x810.jpg 810w, https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2026\/03\/Asavin.jpg 1000w\" sizes=\"auto, (max-width: 40px) 100vw, 40px\" \/>\t\t\t\t<span class=\"entry-author__name\">Asavin Wattanajantra<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n\n\n<p>Finance is undergoing a quiet revolution. Driven by a wave of tech innovation, financial expertise and tech skills increasingly overlap. <\/p>\n\n\n\n<p>As highlighted in the report <a href=\"#gate-9cdb5ada-6f91-47d8-9e55-116f03f15ca7\" target=\"_blank\" rel=\"noreferrer noopener\">Secrets of Successful CFOs<\/a>, today\u2019s financial leaders are at the forefront of corporate strategy, using AI-driven analytics and teamwork across different departments.<\/p>\n\n\n\n<p>The report shows that the entanglement of tech and finance is more than a trend\u2014it&#8217;s a fundamental shift. <\/p>\n\n\n\n<p>As a tech-savvy financial professional, this has created opportunities to redefine your role and boost your finance team\u2019s decision-making and efficiency skills if you\u2019re willing to adapt and innovate.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-here-s-what-we-ll-cover\">Here&#8217;s what we&#8217;ll cover<\/h4>\n\n\n<?xml encoding=\"utf-8\" ?><div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><ul><li><a href=\"#h-why-ai-in-finance-is-important\" data-level=\"2\">Why AI in finance is important<\/a><\/li><li><a href=\"#h-the-challenges-in-adopting-ai\" data-level=\"2\">The challenges in adopting AI<\/a><\/li><li><a href=\"#h-johnny-s-selected-seeds-and-sage-ai\" data-level=\"2\">Johnny&rsquo;s Selected Seeds and Sage Ai<\/a><\/li><li><a href=\"#h-future-opportunities-presented-by-ai\" data-level=\"2\">Future opportunities presented by AI<\/a><\/li><li><a href=\"#h-final-thoughts\" data-level=\"2\">Final thoughts<\/a><\/li><\/ul><\/div>\n\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Discover Sage Intacct<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p>Our cloud financial management platform delivers deep accounting capabilities across multiple industries designed with a single aim\u2014to accelerate your success.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"https:\/\/www.sage.com\/en-ca\/sage-business-cloud\/intacct\/\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\tid=\"cta-id-7124\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tdata-button-location=\"cta_box\"\n\t\t\t\t\t\t\t\t\t\t\t>Learn more about Sage Intacct<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-954307646-1440x810.jpg\" class=\"single-cta__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-954307646-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-ai-in-finance-is-important\">Why AI in finance is important<\/h2>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-a-revolution-in-revenue-growth-and-workflows\"><strong>A revolution in revenue growth and workflows<\/strong><\/h4>\n\n\n\n<p>79% of CFOs surveyed believe AI will revolutionize workflows and boost revenue. <\/p>\n\n\n\n<p>AI\u2019s impact on the financial landscape offers many benefits if you aim to maintain a competitive edge.<\/p>\n\n\n\n<p>Integrating AI into the heart of your financial operations enhances analytics and forecasting ability, leading to more accurate predictions and intelligent, data-driven decision-making.<\/p>\n\n\n\n<p>This shift optimizes financial performance as it manages the flow of data and gives you insights faster. <\/p>\n\n\n\n<p>It also propels revenue generation as AI identifies and helps you capitalize on new opportunities.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-the-adoption-of-ai-in-finance-goes-beyond-the-bottom-line-to-affect-the-human-aspect-of-the-business\">The adoption of AI in finance goes beyond the bottom line to affect the human aspect of the business.<\/h4>\n\n\n\n<p>According to the <a href=\"#gate-9cdb5ada-6f91-47d8-9e55-116f03f15ca7\">report<\/a>, 77% of CFOs have observed that integrating AI has improved job satisfaction within their teams.<\/p>\n\n\n\n<p>This improvement happens because AI is great at automating routine and time-consuming tasks, allowing finance professionals to focus on more strategic and fulfilling work.<\/p>\n\n\n\n<p>The report also highlights that CFOs who effectively merge technology into their finance operations report a 20% higher satisfaction level in their roles.<\/p>\n\n\n\n<p>So, what\u2019s happening? <\/p>\n\n\n\n<p>AI can help increase productivity, create a more engaged and motivated finance team, fundamentally transform workplace dynamics, and enhance overall team morale.<\/p>\n\n\n\n<p>AI becomes a great partner, doing the fiddly time-consuming calculations and admin that would otherwise take up hours of work, so your teams can concentrate on other more business-critical things.<\/p>\n\n\n\n<p>Embracing AI in finance isn\u2019t simply about keeping up with the tech\u2014it&#8217;s about setting a new standard for efficiency, innovation, and workplace satisfaction.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-impact-on-regulatory-compliance\">Impact on regulatory compliance<\/h4>\n\n\n\n<p>AI can help with regulatory compliance, a concern for any business. <\/p>\n\n\n\n<p>It can do this by eliminating human mistakes and non-compliance risks by automating and refining compliance processes through its ability to input, collate, and assess data accurately and quickly.<\/p>\n\n\n\n<p>For instance, Sage Ai technology in Sage Intacct uses outlier detection to monitor real-time transactions, identifying anomalies that could indicate fraudulent activities or breaches of regulatory standards.<\/p>\n\n\n\n<p>This feature shows how AI-driven tools can help you maintain compliance with evolving regulations by automatically adjusting your compliance systems and processes to be more efficient.<\/p>\n\n\n\n<p>Such proactive measures cut financial risks and ensure more accurate and timely reporting, protecting your reputation and legal standing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-challenges-in-adopting-ai\">The challenges in adopting AI<\/h2>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-working-with-your-tech-suppliers\"><strong>Working with your tech suppliers<\/strong><\/h4>\n\n\n\n<p>The journey toward adopting AI in your financial operations won\u2019t be without hurdles. <\/p>\n\n\n\n<p>One of the primary challenges you might worry about is the significant cost needed to implement AI technologies.<\/p>\n\n\n\n<p>These costs can include the direct expenses of buying new software and hardware and the indirect costs of integrating these systems with your existing tech stack.<\/p>\n\n\n\n<p>Happily, you might find that your current software providers (like Sage) already incorporate AI capabilities into their existing platforms or are in the process of building them in. <\/p>\n\n\n\n<p>Using cloud-based software and data storage also has the added advantage of being able to be accessed anywhere and updated remotely, rather than siloed in physical offices.<\/p>\n\n\n\n<p>This proactive integration by your providers can significantly reduce&nbsp;the financial burden and&nbsp;complexity of adopting new tech since it\u2019s already built into the software you\u2019re using. &nbsp;<\/p>\n\n\n\n<p>This can ease the transition burden, and you\u2019ll be able to use AI&#8217;s full power without requiring extensive independent investment.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-upskill-your-team\"><strong>Upskill your team<\/strong><\/h4>\n\n\n\n<p>The report highlights that over 80% of finance leaders anticipate dedicating more time to tech innovation, which includes using new systems and upskilling their teams.<\/p>\n\n\n\n<p>Using AI well demands a high level of digital literacy and technical skills from your teams. <\/p>\n\n\n\n<p>Upskilling represents a substantial challenge, as highlighted by the 61% of CFOs who plan to deepen their knowledge of new tech systems.<\/p>\n\n\n\n<p>Adequate staff training needs both time and resources. Your team wants to be comfortable using new tech so they can use AI tools to their full potential.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-ethical-considerations\"><strong>Ethical considerations<\/strong><\/h4>\n\n\n\n<p>With AI becoming more widely used in finance, part of the role of a successful CFO is also one of assessment. <\/p>\n\n\n\n<p>Addressing AI&#8217;s ethical implications before you lock it in, is imperative.<\/p>\n\n\n\n<p>One primary concern is the potential for bias in AI algorithms, which can lead to unfair practices or discriminatory outcomes, particularly in credit scoring, customer service, and hiring processes.<\/p>\n\n\n\n<p>Ensuring AI systems operate transparently maintains trust and integrity within financial services but also within your role. <\/p>\n\n\n\n<p>To do this, you and your partners must implement strict guidelines and regular audits to verify that AI tools are used responsibly.<\/p>\n\n\n\n<p>An ethical AI-usage culture involves training all stakeholders on the potential risks and moral considerations, promoting a broader understanding and cautious approach to AI deployment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-johnny-s-selected-seeds-and-sage-ai\">Johnny\u2019s Selected Seeds and Sage Ai<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=n5q6SZuiqIw&amp;t=10s\" target=\"_blank\" rel=\"noreferrer noopener\">Johnny\u2019s Selected Seeds<\/a>, a stalwart in the agricultural industry since 1973, adopted Sage Intacct AI-driven accounts payable automation, transforming its financial management practices.<\/p>\n\n\n\n<p>Manual, labor-intensive invoice processing used to be slow, and the integration of AI has shifted the business towards automated excellence, significantly enhancing operational efficiency and accuracy.<\/p>\n\n\n\n<p>With Sage Ai, the business halved the time needed for invoice processing, allowing quicker approvals and payments. Johnny\u2019s Selected Seeds could transition towards electronic transactions to improve operations.<\/p>\n\n\n\n<p>This shift improved financial accuracy and oversight and allowed the finance team to divert their focus from mundane tasks to strategic initiatives, laying a platform for a culture of innovation.<\/p>\n\n\n\n<p>This transformation at Johnny\u2019s Selected Seeds shows how AI in finance improves workflows and plays a crucial role in strategic business growth when combined with the right software.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-future-opportunities-presented-by-ai\">Future opportunities presented by AI<\/h2>\n\n\n\n<p>AI can rapidly analyze vast volumes of data and identify trends that might not be apparent through traditional methods.<\/p>\n\n\n\n<p><strong>Predictive analytics stands out as a significant opportunity.<\/strong><\/p>\n\n\n\n<p>Using historical data, AI can help you accurately forecast future financial conditions and market dynamics.<\/p>\n\n\n\n<p>This foresight supports proactive decision-making, allowing you to mitigate risks before they manifest and promptly capitalize on emerging opportunities before everyone else.<\/p>\n\n\n\n<p>Such strategic advantages are crucial for maintaining a competitive edge in today\u2019s fast-paced business environment. <\/p>\n\n\n\n<p>Indeed, 78% of CFOs acknowledge that implementing AI in finance is essential for staying competitive.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-final-thoughts\">Final thoughts<\/h2>\n\n\n\n<p>View AI not as a tech upgrade but as a crucial part of your strategic vision. <\/p>\n\n\n\n<p>This proactive approach will boost your financial operations, support your business objectives, and position you as a forward-thinking leader.<\/p>\n\n\n\n<p>Equip yourself with the knowledge to lead within the tech-finance fusion and boost your strategic capabilities for a competitive edge.<\/p>\n\n\n\n<p>Download the <a href=\"#gate-9cdb5ada-6f91-47d8-9e55-116f03f15ca7\">Secrets of Successful CFOs<\/a> and start transforming your approach to finance today.<\/p>\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Subscribe to the Sage Advice Newsletter<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p class=\"cta-content__title\">Get a roundup of our best business advice in your inbox every month.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-8949a954-88b2-43bb-8b8a-77c53eb34350\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Subscribe<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-1073797282-1440x810.jpg\" class=\"single-cta__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2022\/04\/GettyImages-1073797282-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Discover how today\u2019s CFOs are at the forefront of corporate strategy, using AI-driven analytics and teamwork across different departments.<\/p>\n","protected":false},"author":356,"featured_media":10116,"menu_order":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sage_video":false,"post_featured_image_hide":false,"sage_hide_published_date":false,"sage_hide_read_time":false,"sage_hide_share_buttons":false,"footnotes":""},"categories":[25,29],"tags":[270,163,274,221],"business_type":[99],"lilypad":[],"context":[],"industry":[],"persona":[],"imagine_tag":[54,304],"coauthors":[312],"class_list":["post-11501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology-innovation","category-trends-insights","tag-ai","tag-artificial-intelligence","tag-cfo","tag-cfo-3-0","business_type-medium-business"],"sage_meta":{"region":"en-ca","author_name":"Asavin Wattanajantra","featured_image":"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/09\/GettyImages-1481181755.jpg","imagine_tags":{"54":"Medium Businesses","304":"Sage AI"}},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Sage Advice Canada 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