Basware Reports 136% ROI in Finance Operations Driven by AI

A new global study by Basware highlights that companies are achieving a 136% return on investment (ROI) from artificial intelligence (AI) in financial operations, equating to $1.36 earned for every dollar spent over three years. Conducted by Financial Times Longitude, the survey of 400 CFOs revealed that 82% of firms heavily investing in AI experienced revenue increases, and over half reported higher gross profits. As CFOs face economic challenges, they seek not only efficiency but also resilience through targeted AI applications. Basware’s findings underscore the shift of finance from a back-office role to a strategic function, with AI addressing critical issues like data integrity and fraud prevention. The launch of InvoiceAI, Basware’s flagship platform for accounts payable, exemplifies the company’s commitment to driving significant ROI in finance tech. Ultimately, the report suggests AI is becoming essential in CFO suites, moving beyond experimental use to pivotal strategic investment.

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