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How AI is Changing the Way Finance Works

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5
min read
Arnaud Chemla
Account Executive
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You know the drill. Someone submits an expense report on Monday, it sits in someone's inbox until Thursday, gets bounced around between managers who aren't sure about the approval amount, and finally gets processed the following week. Meanwhile, the employee is asking about reimbursement status in Slack, and you're copying and pasting the same "still waiting for approval" message for the dozenth time.

AI is finally changing this exhausting cycle. 

Instead of finance being a series of manual bottlenecks that everyone complains about, platforms like Siit are making financial processes feel seamless and intelligent. We're talking about expense approvals that happen automatically in Slack, budget requests that get routed to the right people instantly, and financial reporting that actually reflects real-time data instead of last month's best guess.

This isn't just about making finance faster—it's about making it smart enough that your team can focus on the work that actually matters.

1. When AI Actually Understands Your Financial Chaos

Here's what most "AI in finance" articles don't tell you: the biggest problem isn't that financial processes are slow—it's that they're completely disconnected from how work actually happens. Your team lives in Slack, but expense approvals happen in some portal that half the managers forgot their passwords for. Budget requests get submitted through email chains that turn into archaeological expeditions when someone needs to find the original justification.

AI Triage changes this by understanding not just what someone is requesting, but the context around it. When someone mentions "need approval for software expense" in Slack, AI doesn't just see keywords—it understands the urgency, knows the approval chain, checks budget availability, and routes everything appropriately. No more hunting down the right form or trying to remember which manager approves what amount.

The really game-changing part is that AI learns your organization's patterns. It knows that marketing expenses over $500 need director approval, that IT software purchases require security review, and that end-of-quarter requests are always urgent even when people don't say so explicitly.

2. Financial Workflows That Actually Flow

Traditional financial processes feel like bureaucratic obstacle courses designed to frustrate everyone involved. AI transforms them into workflows that feel natural and efficient rather than punitive and slow.

Rapid Approvals workflows mean that routine financial requests get processed automatically while unusual or high-value requests get proper human attention. Instead of every expense sitting in a queue waiting for manual review, AI handles the straightforward stuff and escalates the exceptions that actually need judgment calls.

Multi-channel messaging ensures that everyone stays informed about financial request status without turning into a notification nightmare. Employees know where their requests stand, managers get pinged when decisions are needed, and finance teams have visibility into everything without drowning in status update emails.

The result is financial processes that feel helpful rather than obstructive, where getting approvals doesn't require navigating organizational politics or remembering who's out of office this week.

3. Real-Time Financial Intelligence That Actually Helps

Here's the thing about traditional financial reporting—by the time you have the numbers, they're historical artifacts rather than actionable intelligence. AI provides real-time financial insights that help you make better decisions as situations develop rather than months later when it's too late to change anything.

AI transforms financial visibility in several key ways:

  • Live spending visibility - See budget performance and spending patterns as they happen, not weeks later during month-end close
  • Proactive budget alerts - Get notified immediately when departments trend over budget instead of discovering overruns after the damage is done
  • Approval bottleneck identification - Spot where financial requests get stuck and optimize workflows before they impact business operations
  • Context-rich decision support - Understand the full background behind financial requests through integrated employee and project data

Analytics & Reporting capabilities give you this real-time visibility without requiring manual dashboard management or report compilation. A 360° Employee Profile means you understand the context behind financial requests instantly, rather than playing detective to figure out whether requests make sense.

This real-time intelligence transforms finance from a reactive function that documents what happened into a proactive capability that helps guide better business decisions.

4. The End of Financial Request Purgatory

Every organization has them—financial requests that disappear into approval purgatory, where nobody knows who's supposed to do what next. AI eliminates this chaos through intelligent workflow orchestration that keeps requests moving while maintaining appropriate oversight.

AI-Powered Workflows coordinate complex approval processes automatically, routing requests through appropriate stakeholders based on amount, category, and organizational policies. Power Actions ensure that once approvals are complete, downstream actions like purchase orders or reimbursement processing happen automatically.

The result is financial processes that work like they should—efficiently, transparently, and without requiring everyone to become experts in navigating approval bureaucracy.

Making Finance Feel Human Again

The best part about AI-powered financial processes isn't the efficiency gains—it's that they make finance feel collaborative rather than adversarial. When expense approvals happen seamlessly in Slack, when budget requests get thoughtful responses instead of form letters, and when financial processes adapt to business needs rather than forcing business needs to adapt to inflexible processes, finance becomes an enabler rather than a barrier.

The goal isn't to eliminate human involvement in financial decisions—it's to eliminate the administrative friction that prevents human judgment from focusing on what actually matters.

Transform your financial processes from a bureaucratic bottleneck to an intelligent business enabler? See how Siit's AI platform makes financial workflows feel natural, efficient, and actually helpful for everyone involved.

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