Today we’re announcing the public preview of Microsoft Copilot for Finance, the newest Copilot offering designed for business functions that extends Microsoft Copilot for Microsoft 365 and revolutionizes how finance teams approach their daily work. Copilot for Finance joins Copilot for Sales and Copilot for Service, now generally available, to provide AI-powered, role-based workflow automation, recommendations and guided actions in the flow of work.
Finance departments are critical partners in strategic decisions impacting the direction of a company. Eighty percent of finance leaders and teams face challenges to take on more strategic work outside the operational portions of their roles[1]. However, 62% of finance professionals say they are stuck in the drudgery of data entry and review cycles [2]. Copilot for Finance can help free up time for finance to play more of a strategic role in delivering counsel and insights to the business by streamlining financial tasks, automating workflows and providing insights in the flow of work.
Copilot for Finance includes Copilot for Microsoft 365, which means it supercharges Excel, Outlook and other widely used productivity apps with workflow and data-specific insights for the finance professional. Copilot for Finance draws on essential context from your existing financial data sources, including traditional Enterprise Resource Planning (ERP) systems, such as Microsoft Dynamics 365 and SAP, and the Microsoft Graph.
In public preview today, Copilot for Finance introduces several key features to enhance financial operations:
- Helps financial analysts quickly conduct a variance analysis in Excel using natural language prompts to review data sets for anomalies, risks and unmatched values. This type of analysis helps finance provide strategic insights to business leaders about where it is meeting, exceeding or falling short of planned financial outcomes and why.
- Simplifies the reconciliation process in Excel with automated data structure comparisons and guided troubleshooting to help move from insight to action, which helps ensure the reliability and accuracy of financial records.
- Provides a complete summary of relevant customer account details in Outlook, such as balance statements and invoices, to expedite the collections process.
- Enables customers to turn raw data in Excel into presentation-ready visuals and reports ready to be shared across Outlook and Teams.
Customers transforming business operations with Microsoft Copilot
The Copilot offerings designed for business functions help workers tackle a common problem: getting from insights to impact – with the relevant data and workflows specific to their roles. The latest Work Trend Index survey revealed that people are drowning in data. Roughly a quarter of their day is spent searching for information – roughly 50% of the information they consume each day is deemed necessary for their job, and a recent survey found roles like sales, finance and supply chain have role-specific needs from their data.
Copilot helps break down information and application silos while actively deriving insights, recommendations and guidance from a variety of data sources — all in accordance with Microsoft’s responsible AI principles. With Microsoft Copilot Studio, businesses can further customize Copilot for business processes inside of Copilot for Microsoft 365 and its role-based extensions.
Copilot for Sales is already helping sellers at more than 30,000 organizations. Companies including dentsu, Lumen Technologies, Northern Trust, Schneider Electric, Visa and hundreds more are empowering their employees with Copilot across their sales, service and finance departments.
Here is what a few of the companies had to say:
- “Artificial intelligence is transforming the way businesses operate and thrive. At dentsu, we are constantly searching for ways to bring the power of generative AI to all our employees with a framework defined on ethical and responsible AI principles. Building on the existing use cases we’ve defined to empower our workforce with Microsoft Copilot for Microsoft 365 and Microsoft Copilot for Sales, we are excited to participate in the preview of Microsoft Copilot for Finance. We see potential for Copilot for Finance to accelerate the impact of our finance professionals by optimizing routine processes, and we anticipate efficiency gains will free up finance capacity to focus on performance across our organization.” – Carolyn Isaacs, Global Director Finance Services, dentsu
- “Northern Trust’s digital workplace transformation is rooted in empowering our employees with technology that enhances and optimizes the services that they provide our clients. Deploying Microsoft Copilot for Service is a milestone in this transformation journey and we are excited for the potential of this AI-powered solution to help modernize our client relations organization, streamline processes for our employees, and elevate our client experience.” – Shaelyn Otikor SVP, Head of Global Digital Workplace Strategy, Asset Servicing, Northern Trust
- “Building on our 30-year history of embracing AI, Visa is on a journey to roll out generative AI across our entire company to empower our employees and develop new solutions to serve and protect our cardholders, merchants and the broader ecosystem. We’ve seen our employees embrace the broad rollout of Microsoft Copilot for Microsoft 365, and we’re excited to continue to bring employees new ways to take advantage of the technology, transforming the ways in which we work and how we service our clients.” – Don Hobson, Chief Information Officer, Visa
At Microsoft, we are also an AI-powered organization, leveraging Copilot for Sales and Copilot for Service to improve seller and agent workflows and transform customer experiences:
- Microsoft Copilot for Sales empowers sellers to close deals faster with AI-assisted insights and recommendations. Our study of Microsoft sellers who use Copilot for Sales at least weekly found it makes them more productive, saving an average of 90 minutes per week – and 67% reported it allowed them to spend more time with customers.
- “We have seen firsthand that an AI-powered sales organization is a more successful sales organization. Not only has Copilot for Sales helped our global sales team simplify tasks and save time, but it has also strengthened our customer relationships with AI-supported insights and recommendations that are personalized and tailored to each customer.” – Judson Althoff, Microsoft EVP and Chief Commercial Officer
- Microsoft Copilot for Service is modernizing the contact center with AI to enhance service experiences and boost agent productivity. In Microsoft’s customer service department – one of the largest in the world – there has been a 12% reduction in average case handling times (the time actively spent on resolving customer cases via chat) in two different customer support business areas while using similar capabilities in Copilot in Dynamics 365 Customer Service. The benefits and use cases from our own Copilot deployment will continue to shape Copilot for Service and its capabilities.
- “Generative AI has been a game-changer for our own contact center at Microsoft. Agents spend less time searching for information, allowing them to focus more time on helping customers solve complex challenges. Moreover, newer agents experience significant benefits, feeling more confident and capable in their roles. This has led to reduced onboarding times and increased job satisfaction.” – Mala Anand, Microsoft CVP Customer Experience & Success
- Microsoft Copilot for Finance streamlines financial processes and surfaces insights for better-informed decision making. Microsoft’s world-class finance organization has long prioritized adoption of AI and automation tools to modernize operations, reduce financial risk and support the company’s priorities with strategic insights. The team has helped inform the Copilot for Finance product capabilities and roadmap.
- “Our finance organization is just like any other – looking for technology to help us do our work in a more efficient and impactful way – and we’re excited to track our journey as customer zero of Microsoft Copilot for Finance” – Cory Hrncirik, Modern Finance Lead, Microsoft
24 comments
It’s perfect time to make some plans for the future and it is time to be happy. I have read this put up and if I could I want to suggest you some interesting issues or advice. Perhaps you can write subsequent articles regarding this article. I want to learn more issues about it!
Throughout the great pattern of things you actually get an A+ just for effort. Where you actually confused me ended up being on the facts. As as the maxim goes, details make or break the argument.. And it could not be much more true right here. Having said that, permit me tell you what did work. Your writing is actually highly powerful which is most likely why I am taking the effort to opine. I do not really make it a regular habit of doing that. 2nd, even though I can certainly notice a jumps in reason you make, I am not confident of just how you seem to connect the ideas which inturn produce the final result. For the moment I shall yield to your point however wish in the near future you link your dots much better.
What Is FitSpresso? FitSpresso is a dietary supplement that is made to support healthy fat-burning in the body
Do you have a spam issue on this site; I also am a blogger, and I was wanting to know your situation; we have developed some nice methods and we are looking to exchange solutions with others, why not shoot me an e-mail if interested.
Very well written information. It will be helpful to everyone who employess it, as well as me. Keep up the good work – looking forward to more posts.
Hi there, i read your blog occasionally and i own a similar one and i was just curious if you get a lot of spam remarks? If so how do you stop it, any plugin or anything you can recommend? I get so much lately it’s driving me mad so any assistance is very much appreciated.
I like this weblog very much, Its a very nice billet to read and incur information. “Anger is a signal, and one worth listening to.” by Harriet Lerner.
Yesterday, while I was at work, my sister stole my iphone and tested to see if it can survive a 25 foot drop, just so she can be a youtube sensation. My iPad is now destroyed and she has 83 views. I know this is totally off topic but I had to share it with someone!
This site is my inspiration , very good style and design and perfect content material.
I rattling pleased to find this website on bing, just what I was searching for : D also bookmarked.
We are a group of volunteers and opening a new scheme in our community. Your website provided us with valuable information to work on. You’ve done a formidable job and our entire community will be grateful to you.
Wohh precisely what I was looking for, thanks for putting up.
Howdy just wanted to give you a quick heads up and let you know a few of the images aren’t loading correctly. I’m not sure why but I think its a linking issue. I’ve tried it in two different web browsers and both show the same results.
Its fantastic as your other blog posts : D, appreciate it for posting. “There’s no Walter Cronkite to give you the final word each evening.” by William Weld.
What Is Sugar Defender? Sugar Defender is a meticulously crafted natural health supplement aimed at helping individuals maintain balanced blood sugar levels. Developed by Jeffrey Mitchell, this liquid formula contains 24 scientifically backed ingredients meticulously chosen to target the root causes of blood sugar imbalances.
What Is LeanBiome?LeanBiome is a natural weight loss supplement that reverses bacterial imbalance in your gut microbiome with the help of nine science-backed lean bacteria species with Greenselect Phytosome, a caffeine-free green tea extract crafted with patented
Great info and right to the point. I don’t know if this is really the best place to ask but do you guys have any thoughts on where to hire some professional writers? Thank you 🙂
Thanks, I’ve just been searching for information approximately this topic for a while and yours is the greatest I’ve found out till now. However, what concerning the conclusion? Are you positive about the supply?
Great wordpress blog here.. It’s hard to find quality writing like yours these days. I really appreciate people like you! take care
You completed various fine points there. I did a search on the topic and found nearly all persons will agree with your blog.
The next time I read a blog, I hope that it doesnt disappoint me as much as this one. I mean, I know it was my choice to read, but I actually thought youd have something interesting to say. All I hear is a bunch of whining about something that you could fix if you werent too busy looking for attention.
Great site. A lot of helpful information here. I am sending it to some buddies ans additionally sharing in delicious. And naturally, thanks for your sweat!
you are truly a excellent webmaster. The web site loading velocity is incredible. It sort of feels that you’re doing any unique trick. Also, The contents are masterwork. you’ve done a wonderful process in this topic!
I was just searching for this information for some time. After six hours of continuous Googleing, at last I got it in your web site. I wonder what’s the lack of Google strategy that do not rank this type of informative sites in top of the list. Normally the top websites are full of garbage.