Advanced ERPs could cut financial close times by 30%, Gartner says

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Gartner predicts that finance teams utilizing cloud ERP applications with embedded AI assistants could achieve a 30% faster financial close by 2028. However, realizing these benefits requires CFOs to navigate vendor hype, organizational change, and the evolving economics of AI in the enterprise. CFOs should prioritize industry-specific features, transparent pricing, and invest in data governance and upskilling finance teams to maximize ROI and mitigate adoption risks.

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