# CFO's guide to AI strategy 5 ways CFOs can build
a modern AI strategy. **URL Source:** https://www.brex.com/resources/cfo-guide-ai-strategy --- ### Text CFO's guide to AI strategy [Download PDF](https://brand.brex.com/m/1e62f21027f4db68/original/Brex_CFO-s-guide-to-AI-strategy.pdf) ### Image ### 5 insights to plan, budget, and activate AI-powered finance. ### Actionable advice for AI success in your finance function. CFOs today are under increasing pressure to improve operational efficiency, do more with less, and make better decisions faster — all in the name of driving business growth. AI's promise lies in its ability to simplify workflows, improve data accuracy, and expedite aggregation, enabling CFOs to meet these demands more effectively. Read on to learn five key considerations for CFOs looking to build and benefit from a modern AI strategy. 5 action items to inform your AI strategy 1. Assess the short- and long-term potential of AI. 2. Weigh the potential rewards and risks of AI. 3. Plan and budget for AI now; start small and build. 4. Evaluate AI-powered solution providers. 5. Guide your team to embrace automation, not just adapt. ### 1. Assess the short- and long-term potential of AI.  ### 2. Weigh the potential rewards and risks of AI.  ### 3. Plan and budget for AI today, starting small and building. ### 4. Evaluate AI-powered solution providers. ### 5. Guide your team to embrace automation, not just adapt.  ### Increase AI success in your organization. Today’s CFOs know that AI can modernize and revolutionize their finance organizations. Still, to successfully activate AI, CFOs must carefully consider their company’s unique needs and challenges. This includes understanding how AI will impact existing processes and preparing for change management. At Brex, we built an AI-powered spend platform to increase your team’s efficiency, compliance, and control — and scale with your evolving needs. You’ll get a strategic partner in your journey toward AI-powered automation and innovation. [See a demo](https://www.brex.com/signup) today and learn how our spend management platform will increase the impact of your finance team and future-proof your company. ### Citations 1 IDC, “CFO Future Proofing: AI Budget,” #US51194723, September 2023. 2 Gartner, “Top 5 Priorities for CFOs in 2024,” 2023. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. 3 Source: A commissioned study conducted by Forrester Consulting on behalf of Brex, September 2023, “The Future of Spend Management.” 4 Gartner Press Release, “Gartner CFO Survey Shows Nine out of Ten CFOs Project Higher AI Budgets in 2024,” 7 February 2024. 5 IDC, “CFO View: Five Things to Know About Investing in Financial Applications in 2024,” #US51391623, December 2023. * The metrics provided are from July 2023 and for illustrative purposes only. Past performance does not guarantee future results, which may vary.