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Home ยป Cube AI advances the financing platform and addresses communication gaps.
AI in Finance

Cube AI advances the financing platform and addresses communication gaps.

3 Mins Read
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Navigating Economic Volatility: The Evolving Role of CFOs in Strategic Planning

In a landscape characterized by continuous economic volatility, financial directors and C-suite leaders prioritize understanding market fluctuations. According to Christina Ross, CEO and founder of FP&A Platform Software Cube, the primary concerns of finance heads and CEOs revolve around pricing, global economic shifts, and their potential impact on daily operations.

The Shift Towards Real-Time Planning

The demand for real-time market insights highlights a significant transformation in the financial planning approach. “We are no longer in a world where planning occurs once a year,” Ross stated in an interview with CFO Dive. “It’s a constant process now.” This shift necessitates a more agile planning framework that adapts quickly to changing circumstances.

Challenges with Disparate Platforms

Despite the ongoing evolution of financial planning methods, many organizations still face challenges with fragmented platforms. Ross emphasizes that financial teams predominantly rely on Excel for 99% of their forecasting needs. Meanwhile, marketing departments lean towards Google Sheets, and CEOs often prefer communication tools like Slack. This multiplicity can complicate the budgeting process and create inefficiencies.

AI Integration in Financial Planning

In response to these challenges, Cube recently launched a suite of AI-powered applications designed to streamline operations across various platforms. This innovation aims to facilitate collaboration among sales teams and improve workflows by utilizing natural language queries to aggregate information effectively. Ross pointed out that these advancements allow FP&A leaders to create reports in familiar tools like Excel and share them as interactive dashboards with other stakeholders.

The Pyramid of Financial Priorities

According to Ross, the need for efficient planning is rooted in the hierarchy of finance imperatives. At the top lies strategic finance, which encompasses planning and data reporting. Many AI-enhanced tools have the potential to aid data-driven finance leaders, especially in areas where transaction processing occurs prior to data analysis. This capability is crucial as the demand for skilled accountants continues to rise.

Embracing Automation and AI

The growing number of AI tools in the financial sector aims to alleviate the pain points encountered by finance teams. Companies like Salesforce and Microsoft have also introduced AI-driven solutions to assist financial employees with a range of tasks. The ongoing evolution of the financial function, bolstered by automation and AI technologies, facilitates the transition of CFOs from traditional roles to more strategic positions.

The Importance of Human Insight

While AI offers several advantages, Ross stresses the continued need for experienced finance professionals. AI should function as a complementary tool that provides analysts with insights for deeper understanding; it does not replace human judgment. Transparency and data precision remain paramount, and the presence of skilled finance leaders ensures that critical evaluations take place, even as AI automates routine processes.

Future Outlook for the Financial Function

As finance departments adopt more AI-driven tools, the overall structure of these teams may evolve. While the necessity for expertise in various functions persists, organizations may find that they require fewer personnel overall. “Even if AI handles much of the accounting, a qualified controller will still be essential to oversee and maintain control,” Ross concluded.

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How Additiv employs AI to transform financial services

July 1, 2025

Saurabh Dwivedi Appointed CTO of Indian Fintech Company Mobikwik

July 1, 2025

The financial aspect of Newsai healthcare positively impacts income collection throughout the average income cycle, as AI enables more accurate and efficient decision-making, ensuring hospitals receive their rightful reimbursements.

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