AI FOR CxOs

From Assessing the Current Situation to Effective Implementation

AI can transform finance far more significantly than individual reporting processes

Today, AI can capture data, explain correlations, identify discrepancies, support processes, and prepare decisions. It can be applied in accounting, controlling, planning, treasury, tax, consolidation, and specialized areas.
However, not every use case generates the same value in every organization. Key factors include data quality, system integration, governance, processes, expertise, and the willingness to evolve responsibilities and work practices.
‍That’s why AI in finance doesn’t start with selecting a tool, but with a robust assessment of your current state.
‍‍SET shows where your organization stands today, which AI levers are appropriate for your level of maturity, and what prerequisites need to be established for the next step in your development.

Astronaut arbeitet an einer Raumstation, symbolisch für die Bedeutung von Agilität in der Business-Transformation und im Wandel der Märkte.

Not every next step is the same for every organization

The Finance AI Readiness Check classifies your organization on a scale ranging from “Everyday AI” to “Agent-Based AI” and uses this to identify specific next steps. The scale is not a ranking. It describes your starting point and the most appropriate path forward in each case.

The Finance AI Roadmap: Where Can AI Be Integrated into Finance?

AI is not a single function. It can be integrated into many areas of finance—from data collection to decision preparation. The map links seven finance functions with seven AI capabilities and highlights specific points of entry.

Visible AI maturity rests on an invisible foundation

Technology alone does not determine whether AI will have an impact in finance. Each maturity level is underpinned by prerequisites that are assessed in the Readiness Check. They reveal what is already viable and where improvements should be made before moving on to the next use case.

Data and System Architecture
Governance, Oversight, and Trust
Organization and Roles
Skills and Work Style
Managing AI Transformation & Benefits
Technology/Make-or-Buy & Tooling
Change & Acceptance

The assessment leads to a practical plan

The result of the Finance AI Readiness Check is not just a single score. It is a prioritized list of recommendations for action: What can be started right away? What needs to be prepared? What should be developed strategically?

Get started right away
Identify use cases with short-term, realistic benefits and implement them within a clearly defined scope.

Prepare
Implement the data, process, or governance measures required for the next use case.

Strategic Development
Further develop the foundation, organization, technology, and working methods for scalable AI use.

When Reporting and Analytics Are the Right First Steps

Our AI-Empowered Financial Reporting is an AI platform for reporting, analytics, and validation. It combines a traditional reporting interface with integrated AI capabilities, making it much more than just a chatbot. The platform provides a comprehensive working environment for financial reporting. In this environment, users can review key metrics, analyze trends, interpret variances, and derive insights for forecasts and decisions. The AI is directly integrated into the reporting process: It not only assists with individual questions but also guides the analysis throughout the entire reporting and management process. In this way, the platform helps companies make their finance and controlling processes smarter, more efficient, and more integrated. It helps users move more quickly from key metrics to root causes, from root causes to assessments, and from assessments to appropriate actions. This creates a better foundation for forecasts and enhances the quality and speed of financial management.

See what's already possible today


Discover our AI platform together with Fabian Eigelt in a personalized live demo. Select a date that works for you right here in the calendar.
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Our Contact Person

Fabian Eigelt

Managing Partner

+49 151 46620505

fabian.eigelt@set-mc.com

KI-Readiness Check — SET Management Consulting