Finance leaders prefer Excel over AI for automation

Many finance leaders continue to prefer traditional tools like Excel for automation tasks, despite recognizing AI's potential. A recent survey found that 58% of finance leaders still rely on Excel, citing concerns over cybersecurity and regulatory compliance. The report highlights a cautious optimism among finance professionals regarding AI adoption. While they see benefits, 27% believe the risks of implementing AI outweigh the advantages. Compliance with laws like GDPR remains a significant barrier. Finance leaders face unique challenges in adopting AI due to the sensitive nature of their work. The need for robust cybersecurity and clear governance protocols is emphasized as essential for safely integrating AI technologies.