KPMG’s recent global AI in finance study found that the use of AI is rapidly expanding across corporate finance: 71% of companies surveyed are using AI within finance operations, 41% of them to a moderate or large degree.

Such is the pace of AI development – and the speed of its adoption – The KPMG global AI in finance study was conducted among CFOs and finance executives across 2,900 companies spread across 23 countries and territories and 6 industries and found that the companies surveyed are rolling out AI across wider areas of finance, including accounting, financial planning, treasury management, risk management, and tax management. AI is truly a global phenomenon, and it is being adopted by finance teams across the world.

KPMG global AI in finance report

Transforming into a new era with the AI-empowered finance function

The AI-empowered finance function: Are you ready?

To enable companies to utilize AI’s full potential, we developed the KPMG AI in Finance Maturity Benchmarking tool to help assess a company’s progress in their AI transformation journey.

 

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Progress made in the use of AI in finance areas

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David Rowlands

Global Head of Artificial Intelligence

KPMG International

Sebastian Stöckle

Global Head of Innovation and AI, Audit, KPMG International and Audit Chief Technology Officer

KPMG in Germany

Nikki McAllen

Global Head of Finance Advisory

Australia

Christian Stender

Global Head of AI for Tax & Legal

KPMG International