From www.accountingtoday.com: Generative AI is rapidly transforming investment accounting by streamlining routine tasks and tackling complex work, leading to an anticipated increase in global spending on this technology.

Successful integration requires organizations to focus on data governance, modernizing legacy systems, and aligning strategies with clear objectives to ensure accuracy and effectiveness.

To harness the full potential of generative AI, firms must maintain high-quality, standardized data and overcome technological barriers while ensuring strategic alignment among stakeholders.