More and more companies are embracing technological solutions as part of streaming their reporting and forecasting cycles. This presentation discusses the role AI will continue to play in reshaping the work done by accounting, tax and FP&A departments.

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© 2014 IBM Corporation
Artificial Intelligence (AI) with
Accounting and Finance
Presenter: Paul Young, CPA, CGA – Proven Practice Adviser – Risk
Analytics, FOPM/FPM and Close, Consolidate and Reporting
Day: July 6, 2017

2. © 2012 IBM CorporationSeptember 9,
2014
• Paul Young, CPA, CGA
• SME – Financial Performance Management (TM1, Cognos Controller and Cognos
Disclosure Management, OpenPages, Algorithmics, Cognos Integrated Server,
Cognos Command Center and Datawatch)
• Industry Experience
• 15+ years in Corporate Reporting, Budget & Forecasting, Costing, Business
Process Management, Internal Audit and Controls, Risk Management,
Financial Analysis, Costing
• 12+ years in financial solutions (FOPM, FPM, Risk, Office of the Finance, Risk
Management)
• 8+ years teaching Advance Finance, Advance Accounting, Public Finance and
Advance Management Information Systems
• Blogger in areas like Finance Analysis, Government policies, market segment

3. © 2012 IBM Corporation
• What is AI
• Evolution of Accounting and Finance
• AI and the Accounting Profession
• Gartner/Data Sciences
• Automated Solutions
Agenda

4. © 2012 IBM Corporation
What is AI
Source - http://searchcio.techtarget.com/definition/AI
September 9,
2014
AI (pronounced AYE-EYE) or artificial intelligence is
the simulation of human intelligence processes by
machines, especially computer systems. These
processes include learning (the acquisition of
information and rules for using the information),
reasoning (using the rules to reach approximate or
definite conclusions), and self-correction. Particular
applications of AI include expert systems, speech
recognition and machine vision

5. © 2012 IBM Corporation
Evolution of Accounting and Finance
Source - http://www.businessreviewaustralia.com/finance/2441/What-does-the-future-of-
accounting-look-likeSeptember 9,
2014
Australia Business Review – June 23, 2017

6. © 2012 IBM Corporation
AI and the Accounting Profession
Source - https://www.accountingweb.com/community/blogs/anthonym/how-accountants-can-
prepare-for-the-age-of-ai or https://www.accountantsdaily.com.au/technology/10401-
artificial-intelligence-infiltrating-accounting-industry https://www.finance-
monthly.com/2017/06/whats-the-future-of-automation-in-finance-accounting/
September 9,
2014
• Automation
• Accountants need to move more to business insight, risk
management, cost controls and strategic planning

7. © 2012 IBM Corporation
AI and CFO
Source - https://www.forbes.com/sites/forbestechcouncil/2018/03/26/with-ai-cfos-are-poised-
to-evolve-their-role-within-organizations/#467743fb5175
September 9,
2014
As with most notable transitions related to an industry or role,
technology is rising to support this strategic shift. The real value
of this technology is in enabling CFOs to analyze data in more
meaningful ways. Built for the cloud, solutions are architected
from the ground up to capture more than traditional accounting
transactions. They capture a broad set of financial and non-
financial data and present insights via modern real-time
dashboards. These dashboards may have KPIs, charts, reports,
lists and even social feeds for analyzing the most important
metrics to an organization’s success.
Of course, all this insight is worthless if the CFO is mired in daily
accounting operations and can’t get free to analyze the business.
CFOs adopt cloud solutions knowing they’ll see the monthly close
process continuously shrink, freeing up hours, days or even weeks
of time.

8. © 2012 IBM Corporation
Data Sciences
Source - https://rapidminer.com/resource/gartner-magic-quadrant-data-science-platforms/
September 9,
2014

9. © 2012 IBM Corporation
IBM Solutions
• FOPM - https://www.ibm.com/ca-en/marketplace/planning-
and-analytics
• Consolidation Solutions - https://www.ibm.com/us-
en/marketplace/auditable-financial-consolidation
• Risk Analytics -
http://www.ibm.com/analytics/us/en/business/governance-
risk-compliance/
• Artificial Intelligence and Cognos Analytics -
https://www.ibm.com/blogs/business-analytics/announcing-
ibm-cognos-analytics-11-1/
September 9,
2014

10. © 2012 IBM CorporationSeptember 9,
2014
• Contact information
• Paul Young (email: paul.young@ca.ibm.com)