The Better Finance Podcast

How Microsoft's approach to AI could shape the future of finance

Dec 3, 2024

Cory Hrncirik, Modern Finance Lead at Microsoft, brings over 17 years of experience to the discussion on AI’s transformative impact on finance. He reveals how Microsoft is leveraging AI for enhanced forecasting and risk management. The conversation emphasizes the pivotal role of quality data and collaboration in driving innovation. Cory also discusses empowering finance professionals to become citizen developers using low code tools, showcasing the company's strategic integration of technology to navigate the digital landscape.

37:48

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Episode guests

Cory Hrncirik

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Episode notes

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Quick takeaways

Microsoft's strategic integration of AI and robust data systems enhances efficiency, forecasting accuracy, and risk management within its finance operations.

A collaborative culture and empowerment of finance professionals as citizen developers are critical to Microsoft's transformation and adoption of advanced financial technologies.

Deep dives

Transforming Finance through Modernization

Microsoft has undergone a significant transformation in its finance operations, moving from traditional software sales to a cloud-based service model. This shift has required a re-evaluation of financial processes and infrastructure, focusing on investments in data centers and AI technology. Core performance areas such as CapEx management and necessary controls have become crucial to support this new operational model. By adapting finance functions to align with the company's strategic transformation, Microsoft has been able to stay at the forefront of technological advancements in the corporate finance landscape.

Intro

2min

Microsoft's Financial Transformation

9min

Harnessing Data for AI in Finance

13min

Harnessing Copilot in Finance

8min

Measuring the Impact of AI Investments in Finance

3min

Reflections on Teamwork and Personal Balance in Modern Finance

2min

In this episode of The EY Better Finance podcast, Cory Hrncirik discusses how artificial intelligence (AI) is changing finance at Microsoft.

Join host Myles Corson as he welcomes Cory Hrncirik, Modern Finance Lead at Microsoft, to discuss the transformation of Microsoft's finance function through the strategic application of artificial intelligence (AI). This episode of The EY Better Finance podcast delves into how AI is modernizing finance processes, enhancing forecasting accuracy and streamlining risk management.

The conversation highlights Microsoft's journey toward innovation within its finance department, marked by the rapid adoption of Microsoft Copilot. Cory Hrncirik outlines the critical role of high-quality, structured and pre-indexed data as the cornerstone for successful AI implementation and the continuous evolution of data management practices at Microsoft.

Moreover, the episode sheds light on the importance of a collaborative culture and systems thinking in achieving corporate objectives. It details Microsoft's strategic efforts to empower finance professionals as citizen developers, enabling them to leverage low code, no code tools, or partner with IT and engineering to catalyze the finance function's transformation.

Insightful and forward-looking, this episode provides a glimpse into how Microsoft's strategic approach to integrating finance and technology is securing its position in the rapidly evolving digital landscape.

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The Better Finance Podcast

How Microsoft's approach to AI could shape the future of finance

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Transforming Finance through Modernization

Building a Strong Data Foundation

Empowering Finance through AI Adoption

Shifting Cultural Perspectives for Innovation

Remember Everything You Learn from Podcasts