A recent survey found that finance leaders still value advanced Excel knowledge over artificial intelligence (AI) skills when building their finance teams.
Vena Solutions, a provider of cloud-based financial planning and analysis software, asked 218 finance leaders where, exactly, AI fits into their organizations.
The survey found that 57% of finance teams are currently using AI to handle various operations, such as data entry, reconciliations and forecasting. That proportion will rise, as an additional 21% said they’ve acquired AI solutions but have not yet adopted them.
But when asked to identify the single most important skillset to prioritize in building a strong finance team, only 4.6% of those polled selected AI/machine learning. Three times that many (14.7%) picked advanced knowledge of a much older technology: Excel.
Overall, an operational understanding of a company’s business/industry came out on top of the most prized skillsets at 33%. Learn more.