When finance teams start looking at AI, there can be a temptation to wait for the perfect tool. But some of the biggest time savings are much simpler and may already be available in the systems you use every day.
At Headstar, we’ve saved our FD more than 20 hours a month by changing a handful of regular finance processes. Some involved AI, while others came down to straightforward automation and making better use of existing software.
Start with what you already have
Finance systems such as Sage, Xero and SAP often contain useful functionality that teams simply aren’t using. Before investing in something new, it can be worth understanding what your current systems can already do and where time is being lost in repetitive processes.
Finding the right place to start
Matt Swift from Headstar has spent the past 18 months working on finance automation alongside recruiting transactional finance teams. In this video, he shares what we’ve learned from our own finance processes, where AI has helped and why a relatively simple monthly task could be the best place to begin.
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