AI and technology Archives

AI-driven audit automation: streamlining processes for scalable success

October 3, 2024 by MindBridge

Discover how AI-driven audit automation revolutionizes the audit process with enhanced risk detection, continuous monitoring, and real-time compliance for scalable success.

As financial data grows exponentially, traditional audit methods struggle to keep pace with the sheer volume and complexity. In today’s fast-evolving regulatory environment, relying on periodic, manual audits leaves organizations vulnerable to risk. AI-driven audit automation offers a solution by allowing finance professionals and auditors to continuously monitor transactions, detect anomalies, and ensure compliance in … Read more

Cost-benefit analysis of AI technology investments in Finance

September 22, 2024August 14, 2024 by Matthias Steinberg

Explore how AI technology investments in finance deliver ROI beyond efficiency—boosting agility, competitiveness, and long-term business success.

Return on investment (ROI) is critical in technology investment decision-making. It is primarily quantified by setting the total cost of ownership in relation to cost savings and improved business outcomes measured in $ resulting from efficiencies and where quantifiable increased effectiveness. The calculation of these metrics results in a clear business case that models time … Read more

Transforming Joint Interest Billing in Oil and Gas with AI

November 13, 2024August 13, 2024 by MindBridge

Learn how oil and gas companies use joint interest billing, current inefficiencies, and how AI can improve accuracy and efficiency in this complex process.

Joint Interest Billing (JIB) is fundamental yet complex for financial management in the oil and gas industry. At its core, JIB allows multiple stakeholders—often involved in high-stakes projects such as exploration and production—to share expenses and revenues based on their ownership stakes in a joint venture. This billing practice ensures fair cost distribution but also … Read more

Artificial intelligence & integrity: winners & losers

July 31, 2024 by Eli Fathi

Explore the importance of ethical AI development. Learn how integrity and ethics can prevent misuse, build trust, and ensure fairness in AI applications. Discover the potential societal impacts of generative AI and the need for regulatory frameworks to safeguard against malicious uses.

The emergence of artificial intelligence (AI) enabled applications have the potential for societal disruption, especially with the advent of generative AI (GAI) tools. There is a growing concern about the potential for sophisticated use of GAI to create deepfake videos, images, audios, and text that manipulates and/or fabricates content with the potential to spread misinformation, … Read more

Olympic-level finance: Five risk analytics strategies to outperform the competition

September 22, 2024July 26, 2024 by Coleman Howard

Explore Olympic-level finance strategies with MindBridge AI: Discover five key risk analytics tactics to enhance precision, strategy, and innovation in your financial operations, mirroring Olympic athletes’ quest for gold.

The need to prioritize integrity in developing AI applications

September 22, 2024June 7, 2024 by MindBridge

The emergence of artificial intelligence (AI)-enabled applications have the potential for societal disruption, especially with the advent of generative AI (GAI) tools. There is a growing concern about the sophisticated use of GAI to create deepfake videos, images, audios and text that manipulates and/or fabricates content. Such use of GAI can spread misinformation, deceive individuals … Read more

Key takeaways on AI in finance from the Gartner CFO Conference 2024

September 22, 2024June 6, 2024 by Matthias Steinberg

AI + automation = effortless financial analysis

A message from MindBridge CFO, Matthias Steinberg The Gartner CFO conference is an important industry event for my company MindBridge. It gives me the opportunity to join and support the MindBridge team and I get to participate in many of the keynotes, presentations, and round tables. Naturally, I am keen to understand where AI adoption … Read more

Beyond the buzzwords: How AI delivers tangible ROI for finance and audit

May 2, 2024 by MindBridge

Explore how AI in finance delivers tangible ROI at the Gartner CFO & Finance Conference with MindBridge AI. Join CFO Matthias Steinberg for insights on AI-powered financial oversight and the future of finance management.

A Message from MindBridge CFO, Matthias Steinberg As CFOs, it is our mandate to embrace and deploy technology to constantly drive quality, speed, and impact of what we do, while maintaining high standards. It is also in our nature to take a sober look at what technology can deliver. ROI, time to value and risks need to … Read more

Unleashing the power of AI: MindBridge’s innovative approach to anomaly detection

April 24, 2024 by Michael Bottala, CPA

As organizations navigate the complexities of financial management, MindBridge's contribution to trust, transparency, and efficiency stands as a testament to the power of AI-driven analytics. By integrating MindBridge's innovative approach, businesses can fortify their financial practices, instill confidence among stakeholders, and pave the way for a more secure and transparent financial future.

In today’s data-driven world, financial professionals grapple not only with vast amounts of data but also with the need for clarity amidst complexity. Leading this charge is MindBridge, which transforms how these professionals uncover insights and manage risks by harnessing the power of artificial intelligence (AI) for anomaly detection. At the heart of MindBridge’s success … Read more

MindBridge’s continued innovation in transaction risk analysis

April 11, 2024April 10, 2024 by Michael Bottala, CPA

Learn how MindBridge sets the standard for AI-driven anomaly detection, transforming transactional data into intelligence and addressing human error in financial processes for enhanced efficiency and rapid implementation.

MindBridge leads in AI-driven anomaly detection, transforming data into insights and tackling human error in financial processes for better efficiency.

The state of AI in the Office of the CFO

April 11, 2024March 27, 2024 by MindBridge

Upon its launch in 2022, ChatGPT single-handedly took “AI” from a futuristic concept to reality – and to the top of the agenda for many finance professionals. For the first time in a long time, there is the promise of transformational technology in the finance department. There is only one crucial issue: ChatGPT and its … Read more

5 key lessons from IIA GAM: A new direction for Audit and Finance

September 21, 2024March 19, 2024 by MindBridge

Explore the transformative role of AI in Audit and Finance with key takeaways from IIA GAM 2024. See how MindBridge AI leads the charge in audit innovation.