MicrosoftYesterday, an announcement was made that Microsoft Copilot Microsoft said that the service mainly acts as the "intelligent co-pilot" of Microsoft 365, helping corporate finance teams handle daily work.
Microsoft said:
The finance department plays a vital role in corporate strategic decision-making and can even influence the company's future development direction. Today, more than 80%'s finance leaders and finance teams are responsible for strategic decision-making in addition to their daily financial operations.
However, financial personnel from 62% said that they were trapped in the complicated data input and review process every day and could not extricate themselves.
Copilot for Finance helps finance departments save valuable time by streamlining financial work, automating business processes, and providing workflow insights, allowing them to play a strategic role in providing advisory advice and business insights.
Microsoft Copilot for Finance’s main features are as follows:
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Help financial analysts in Excel,Use natural language prompts to quickly complete variance analysis of data sets, discovering anomalies, risks, or mismatched values. This type of analysis can provide business leaders with clear decision-making insights, and promptly identify parts that are consistent with the original planned financial results, overspending, or not meeting the target, and find the reasons.
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Simplify the reconciliation process in Excel, helping to ensure the reliability and accuracy of financial records through automated data structure comparison and problem-solving guidance that directs specific actions.
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Generate a complete summary of relevant customer account details in Outlook, such as balance sheets and invoice lists, thereby speeding up the collection process of relevant information.
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Help customers transform raw data in Excel into visual charts and reports suitable for public presentationsand share via Outlook and Teams.