27. DIRK-Konferenz 2. Tag: 3.2 Forecasting and the future
2. Juli 2024
| Themengebiete | Digitalisierung, Investoren, IR-Kompetenz |
|---|---|
| Publikationsform | DIRK-Publikationen |
While exploring the use of predictive analytics to solve for our corporate clients’ main pain points, we, Deutsche Bank, learned, how AI will disrupt not only the Treasury department but also the finance function and the way companies are managed once this technology is embraced. The challenge lies on the journey to adopt and embrace AI, as it is long and steep.
Cash Flow Forecasting is Treasurer’s number 1 pain point. It is one of the most obvious use cases of Artificial Intelligence in the finance function.
Deutsche Bank started researching predictive analytics and AI to solve for cash flow forecasting in 2020 and this is what we have learned:
Data is the main disruption driver
Talent and upskilling workforce represent the main investment
An innovative mindset to reinvent processes and shake the status quo is the imperative
Starting from solving for a simple operational process, and solving for the above, can extrapolate into unexplored territory, while RoI is already cashed.
