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What is Agentic AI? Agentic AI represents a significant leap forward from traditional AI. Instead of simply responding to prompts, agentic AI systems can independently set goals, plan actions, and execute tasks to achieve those goals. Think of it as having a virtual assistant that not only answers your questions but proactively identifies and solves problems, learns from experience, and adapts its strategies accordingly. This autonomy is what sets it apart and unlocks a new level of efficiency and insight.

The Finance Revolution: Beyond RPA and ERPs Myers' comparison to RPA and ERPs underscores the magnitude of agentic AI's potential. RPA automated repetitive tasks, while ERPs centralised data. Agentic AI takes this a step further by leveraging data and insights to make intelligent decisions and optimise financial processes. Imagine an AI that can automatically reconcile accounts, identify potential fraud, forecast cash flow with unprecedented accuracy, and even negotiate contracts – all without constant human intervention.

Specific Applications in Finance The possibilities are vast. Agentic AI can be applied to:

• Financial Planning & Analysis (FP&A): Developing more accurate and dynamic financial models, identifying trends, and providing real-time insights to support strategic decision-making.
• Accounts Payable/Receivable: Automating invoice processing, reconciliation, and payment management, reducing errors and improving cash flow.
• Risk Management: Identifying and mitigating financial risks through continuous monitoring and predictive analytics.
• Audit & Compliance: Automating audit procedures, ensuring compliance with regulations, and detecting anomalies.
• Investment Analysis: Analyzing market data, identifying investment opportunities, and managing portfolios.

Agentic AI in Daily Life Myers' enthusiasm extends beyond the corporate world. She believes agentic AI has the potential to significantly improve everyday life. From managing schedules and automating household tasks to providing personalised recommendations and assisting with complex decision-making, agentic AI can act as a proactive and intelligent personal assistant.

The Future of Finance is Intelligent The adoption of agentic AI in finance is still in its early stages, but the potential benefits are undeniable. As the technology matures and becomes more accessible, we can expect to see a widespread transformation of the finance function, with greater efficiency, accuracy, and strategic agility. HPE's CFO, Stacy Myers, is at the forefront of this revolution, demonstrating how agentic AI can not only reshape finance but also empower individuals to live more productive and fulfilling lives.

Key Takeaways:

• Agentic AI is a game-changer for finance, surpassing the impact of RPA and ERPs.
• It empowers financial professionals to focus on higher-value tasks, such as strategic decision-making.
• The technology has broad applications across all areas of finance, from FP&A to risk management.
• Beyond the corporate world, agentic AI promises to enhance daily life by providing intelligent assistance and automating tasks.