In business, as in all facets of life, nothing ever stays the same. Markets boom and bust, consumer tastes shift, and new technologies revolutionize even the most entrenched processes.
Change can be incredibly positive. Change builds resilience, opens us up to new perspectives and creates opportunities we never saw coming.
However, change can also be uncomfortable, and this discomfort feels especially pervasive during this era of rapid technological transformation. Entire industries are being disrupted by automation and artificial intelligence (AI) — from real estate, where algorithms can read millions of homebuyer documents in seconds, to medicine, where AI can read X-rays faster and more accurately than radiologists.
This is as true for finance as it is for any other sector. From the smallest accounting firms to the largest enterprises, automation is a foregone conclusion — particularly in the accounts payable (AP) function, which is notoriously tedious. I have helped dozens of companies navigate these changes, and I've witnessed the full spectrum of employee reactions — from motivation, excitement and quick adoption all the way to skepticism and resistance.
Whatever the reaction, change is nevertheless well underway — and its potential is limitless. From HR executives to CFOs, business leaders must do all they can to help their teams navigate these changes and understand the opportunities they present.
Continue reading: https://www.forbes.com/sites/forbestechcouncil/2022/05/25/how-to-successfully-lead-change-management-in-finance-ai-adoption/?sh=14d560157e21
Change can be incredibly positive. Change builds resilience, opens us up to new perspectives and creates opportunities we never saw coming.
However, change can also be uncomfortable, and this discomfort feels especially pervasive during this era of rapid technological transformation. Entire industries are being disrupted by automation and artificial intelligence (AI) — from real estate, where algorithms can read millions of homebuyer documents in seconds, to medicine, where AI can read X-rays faster and more accurately than radiologists.
This is as true for finance as it is for any other sector. From the smallest accounting firms to the largest enterprises, automation is a foregone conclusion — particularly in the accounts payable (AP) function, which is notoriously tedious. I have helped dozens of companies navigate these changes, and I've witnessed the full spectrum of employee reactions — from motivation, excitement and quick adoption all the way to skepticism and resistance.
Whatever the reaction, change is nevertheless well underway — and its potential is limitless. From HR executives to CFOs, business leaders must do all they can to help their teams navigate these changes and understand the opportunities they present.
Continue reading: https://www.forbes.com/sites/forbestechcouncil/2022/05/25/how-to-successfully-lead-change-management-in-finance-ai-adoption/?sh=14d560157e21
