The path of a company is greatly influenced by its finance departments, yet many find it difficult to devote enough time to strategic work because of the endless data entry and review responsibilities. By simplifying financial procedures, automating workflows, and offering insights, Copilot for Finance seeks to lessen this load and free up finance experts to concentrate more on offering insightful advice to the company. Copilot for Finance is now broadly accessible, joining Copilot for Sales and Copilot for Service.

Copilot for Microsoft 365, a feature of the new offering, enhances Excel, Outlook, and other popular productivity tools with workflow and data-specific insights tailored for finance professionals. Essential context from one's current financial data sources, such as the Microsoft Graph and conventional Enterprise Resource Planning (ERP) systems like SAP and Microsoft Dynamics 365, is incorporated into the solution.

important elements that improve financial operations

• uses natural language cues to assist financial analysts in doing a variance analysis in Excel quickly and efficiently while examining data sets for irregularities, hazards, and mismatched values. This kind of study assists finance in giving corporate executives strategic insights into where it is reaching, surpassing, or failing to meet anticipated financial outcomes and the reasons why;

• helps go from insight to action by streamlining the Excel reconciliation process with automated data structure comparisons and guided debugging, so assisting in ensuring the quality and dependability of financial records;

• gives a thorough overview of all pertinent client account information in Outlook, including invoices and balance statements, in order to speed up the collection process;

• gives users the ability to transform unprocessed Excel data into reports and graphics that are ready for sharing via Teams and Outlook.

Customers using Microsoft Copilot to transform business operations

The Copilot solutions created for business functions provide employees with the necessary data and workflows unique to their roles to address a common issue: moving from insights to impact. According to the Work Trend Index poll, people are inundated with information. About 25% of their time is spent looking for information, and according to a recent poll, positions like supply chain, sales, and finance have distinct data needs. Approximately 50% of the information they consume on a daily basis is judged vital for their work.

In line with Microsoft's responsible AI principles, Copilot actively derives insights, recommendations, and assistance from a variety of data sources while assisting in the dismantling of information and application silos. Businesses can further adapt Copilot for business processes within Copilot for Microsoft 365 and its role-based extensions using Microsoft Copilot Studio.

According to the press release, businesses of all sizes are adopting Microsoft Copilot to strategically enhance those closest to their customer interactions and vital operations in order to generate new business value, pushing beyond AI testing.