Modern SaaS Finance with Sage The CFO Suite meets AI, by Seema Amble, Partner at Andreessen Horowitz
Jul 24, 2024
Seema Amble, a Partner at Andreessen Horowitz, specializes in early-stage B2B investments and modern CFO strategies. In this engaging discussion, she reveals how AI is revolutionizing the CFO suite, shifting from traditional tools to advanced solutions. Seema explains the impact of large language models on financial efficiency and the necessity of human oversight. She also highlights the challenges of adopting new software in finance teams and emphasizes how strategic AI integration can enhance cash flow forecasting and overall team collaboration.
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Episode notes
CFO Suite Evolution
- The CFO suite’s evolution has three generations: consolidated tools, point solutions, and now AI automation.
- AI is automating manual tasks, allowing CFOs to focus on strategic work.
LLMs and Finance
- LLMs excel at text and image generation but struggle with nuanced reasoning and number calculations.
- Transparency and audit trails are crucial for finance, but LLMs currently operate as black boxes.
Pyramid of Finance Work
- Finance teams spend most of their time on manual tasks (bottom of the pyramid), limiting strategic work (top).
- Automating the bottom of the pyramid frees up resources for higher-level activities.