Finance is entering a new era as artificial intelligence-driven tools move from theory into embedded platforms that can automate the most repetitive, time-consuming tasks once handled by chief financial officers and their teams.

Instead of being bogged down by manual reporting and reconciliations, finance leaders are beginning to see a shift toward intelligent agents designed to streamline operations and uncover new opportunities. The promise of these systems isn’t just faster processes — it’s the chance to redirect expertise toward strategy and growth, rather than routine work. according to Geoffrey Ng (pictured), chief AI and trust officer of Prophix Software Inc.

“Our vision for Prophix One Intelligence is to deliver a conversational natural language interface that truly understands the office of the CFO,” Ng said. “Through our copilot interface, finance teams can interact with intelligent agents embedded across the Prophix One platform, utilizing all relevant connected data sources to create explainable outcomes.”

Ng spoke with theCUBE’s Rob Strechay at “The Future of Finance. Revealed.” event, during an exclusive broadcast on theCUBE, SiliconANGLE Media’s livestreaming studio. They discussed Prophix’s approach to AI in finance and its new AI products. (* Disclosure below.)

Designing AI for finance

Prophix recently announced a suite of AI agents for budgeting, modelling and generating financial reports. With these tools, the company hopes to get the ball rolling on automating the rote work of financial organizations while driving better decision-making, according to Ng.

“Our early skills for the agents are focused on the highest impact and friction jobs across the office of [the] CFO,” he said. “As a financial or budget analyst, agents can assist with enterprise-wide personnel planning, operating expense planning … tasks that often take a considerable amount of effort.”

After implementing the Prophix One Intelligence platform, users can expect to see fewer clicks and faster cycles, Ng explained. He also highlighted the company’s commitment to responsible AI use, which is especially critical in the financial sector.

“We’ve embedded responsible AI into our platform from the ground up,” he added. “Our customers know when AI is being used, how it benefits them and what its limits are. Trust is non-negotiable for us.”

Here’s the complete video interview, part of SiliconANGLE’s and theCUBE’s coverage of “The Future of Finance. Revealed.” event:

(* Disclosure: TheCUBE is a paid media partner for “The Future of Finance. Revealed.” event. Neither Prophix Software Inc., the sponsor of theCUBE’s event coverage, nor other sponsors have editorial control over content on theCUBE or SiliconANGLE.)

Photo: SiliconANGLE