Microsoft Copilot Uses AI to Transform Finance

Flagship Networks is very excited to offer our customers Microsoft’s new AI-powered release, Microsoft Copilot for Finance. As one of a series of role-based Copilot offerings, this new solution to helps finance teams reclaim time and stay on top of the critical decisions that can impact business performance. It uses Artificial Intelligence (AI) to unlock new capabilities for financial professionals, right from within Microsoft 365 productivity applications they use every day.

Microsoft Copilot for Finance connects to your financial systems to provide role-specific workflow automation, guided actions, and recommendations in Microsoft Outlook, Excel, Microsoft Teams, and other Microsoft 365 applications—helping you to save time and focus on helping your organization meet its financial goals.

According to Microsoft’s 2023 Future of Finance Trends Report, 80% of finance leaders and teams face challenges to take on more strategic work beyond the operational portions of their roles. On the one hand, these teams are poised and ready to play a larger role in driving business growth strategy, but they can’t walk away from the responsibility of running standard reports and maintaining mandatory responsibilities.

The following are a few of the benefits of using Microsoft Copilot for Finance:

• Accelerate impact with financial insight. Spur growth with action-oriented recommendations, proactive anomaly detection, and specialized prompts and guidance.
• Optimize financial processes to reduce costs. Improve efficiency by applying next-generation AI to labor-intensive processes like collections and contract and invoice capture.
• Speed time to decision making. Copilot helps turn data into insight, automates data reconciliation, and streamlines variance analysis.
• Cut costs across critical processes. Reduce spending and regain valuable time by using Copilot to transform manual tasks into more streamlined and efficient experiences.
• Empower your collections team. Access a complete summary of customer balance history using Copilot-guided prompts and recommendations.
• Boost productivity in the flow of work. Work seamlessly in Excel, Outlook, and Teams to eliminate switching between applications to find what you need.

This new tool is an easy way for your organization to leverage the power of AI within familiar applications that you use every day.

We are excited about Copilot for Finance, not just because of the new technology, but because it's a way to ensure that all our customers can successfully and productively manage their business.

For more information, contact us using the form below.