TIPSLIFEHACKS

Hewlett Packard Enterprise (HPE) CFO, Stacy Myers, is a seasoned executive with a unique perspective on the intersection of finance and technology. Having previously held the CFO role at robotic process automation (RPA) giant UiPath, Myers understands the transformative power of automation. Now, she's championing a new wave of innovation: agentic AI. In a recent interview, Myers boldly declared agentic AI as “the biggest unlock for finance since RPA and ERPs [enterprise resource planning systems],” highlighting its potential to fundamentally reshape financial operations and even daily life.

What is Agentic AI and Why is it a Big Deal?

Unlike traditional AI, which typically performs specific tasks within defined parameters, agentic AI operates with greater autonomy. It can set its own goals, break them down into smaller tasks, and execute those tasks independently, learning and adapting along the way. Think of it as a virtual assistant with the intelligence and drive to proactively solve problems and identify opportunities – but for financial processes. This moves beyond simple automation to a more intelligent and dynamic approach.

Revolutionising Finance with Agentic AI

Myers believes agentic AI will dramatically improve efficiency and accuracy within finance departments. Here’s how:

• Automated Reporting & Analysis: Agentic AI can automatically gather data from various sources, generate reports, and perform in-depth analysis, freeing up finance professionals to focus on strategic decision-making.
• Enhanced Forecasting: By continuously learning from historical data and market trends, agentic AI can produce more accurate financial forecasts, enabling better resource allocation and risk management.
• Improved Compliance: Agentic AI can monitor transactions, identify potential compliance issues, and automatically generate necessary documentation, reducing the risk of errors and penalties.
• Streamlined Accounts Payable/Receivable: Automating invoice processing, reconciliation, and payment workflows, leading to faster processing times and reduced costs.

Beyond the Balance Sheet: Agentic AI in Daily Life

Myers’ enthusiasm for agentic AI extends beyond the corporate world. She envisions a future where this technology simplifies everyday tasks, from managing personal finances to optimizing travel itineraries. Imagine an AI that proactively negotiates better deals on bills, automatically invests your savings, and even books the most convenient flights and accommodation based on your preferences – all without you having to lift a finger.

The Future is Now

While still in its early stages, agentic AI is poised to become a disruptive force in finance and beyond. HPE's CFO is clearly a pioneer, recognising its potential to unlock unprecedented levels of efficiency, innovation, and personal empowerment. As the technology matures and becomes more accessible, we can expect to see widespread adoption across industries, transforming the way we work and live. The shift from RPA to agentic AI represents a significant leap forward, and companies that embrace this technology will be best positioned to thrive in the years to come. Myers' perspective offers a compelling glimpse into the future of finance – a future powered by intelligent, autonomous agents.