Microsoft has unveiled Finance Launch AI, a chat-based application designed to transform product launch processes through automation and artificial intelligence. This tool is tailored for product launch managers, streamlining financial tasks and improving productivity by leveraging a rich library of historical data in formats such as Excel, PDF, and PowerPoint.
The application significantly cuts down the time needed to determine launch parameters, utilizing comparative analysis of past data to simplify complex documentation. It allows finance teams to draft initial finance requirements, aiding in clarity regarding internal tax and compliance for new stock keeping units (SKUs) in various regions. Additionally, it identifies unmet requirements and highlights stakeholders to enhance decision-making.
Dr. David Guarrera, from EY Americas, noted the importance of a responsible approach to AI, which underpins both Finance Launch AI and Replay AI. This involves implementing retrieval-augmented generation (RAG) to ensure the systems provide accurate, trustworthy information. The launch of these applications is set to position Microsoft’s finance team at the forefront of innovation, aiming to achieve unprecedented productivity levels.