The Accounting Podcast Beyond the Hype: Real-World AI in Accounting and Finance
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May 30, 2025 Adriana Carpenter, CFO of Emburse, and Olga Pavlova from PizzaExpress share their insights on the use of AI in accounting and finance. They discuss how PizzaExpress leverages AI to manage 350+ locations efficiently, flagging policy violations and uncovering hidden subscriptions. Adriana reveals her vision for AI agents that assist in real-time compliance, while the conversation highlights practical strategies for cost savings and expense automation. Listeners can expect immediate, actionable tips for embracing AI in their financial practices.
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Foundational Role of Receipt Itemization
- Accurate itemization of receipts via AI is foundational to effective spend management.
- Contextualizing receipt data (currency, dates) boosts AI's decision-making accuracy.
Consolidating SaaS with AI
- AI helped Emburse identify redundant SaaS subscriptions paid through employee reimbursements.
- They consolidated licenses to negotiate better vendor rates and reduce spend.
Auto-Populated Expense Reports
- AI integrates calendar, emails, credit card feeds to auto-populate expense reports.
- It nudges users to provide missing itemized receipts and ensure policy compliance in real time.