If you’re looking for a way to boost your finance productivity, you might want to check out Microsoft Copilot for Finance. This new AI-powered app works with Microsoft 365 to help you with your financial tasks. It can connect to your business financial systems, such as Dynamics 365 and SAP, and provide insights and guidance in the apps you use daily, such as Outlook, Excel, and Teams.

Microsoft Copilot for Finance is more than just an intelligent assistant; it’s a game-changer for finance professionals. It can help you automate repetitive tasks, uncover hidden trends, optimize costs, and drive business growth. It can also tailor its features to your specific role and workflow and integrate seamlessly with your existing Microsoft 365 environment. And, of course, it’s built with security and compliance in mind, so you can trust that your financial data is safe and protected.

In this blog, we’ll show you why Microsoft Copilot for Finance is a must-have tool for your finance team and how you can get started with it.

What Is Microsoft Copilot for Finance?

Microsoft Copilot for Finance is a new Copilot experience in Microsoft 365 that leverages the power of next-generation AI to help you with your finance tasks. It works as a companion that understands your financial data and behavior and provides insights and actions you can access from within your productivity apps.

Microsoft Copilot for Finance connects to your business financial systems, such as Dynamics 365 and SAP, and provides you with finance-based insights and guided actions in:

• Outlook: Your email can contain real-time financial information and alerts, and you can take actions such as approving invoices, sending reminders, and scheduling meetings.
• Excel: You can get AI-powered assistance for creating and analyzing financial reports, such as detecting variances, finding outliers, and generating charts.
• Teams: You can collaborate with your finance team and stakeholders and access financial insights and actions from your chat and meetings.
• Other Microsoft 365 applications: You can use Copilot for Finance in other apps, such as PowerPoint, Word, and OneNote, to enhance your financial presentations, documents, and notes.

Benefits of Using Copilot for Finance

Save Time and Effort with Automation

One of the biggest challenges for finance professionals is dealing with tedious and repetitive tasks, such as data entry, review cycles, and report generation. These tasks can take up a lot of time and effort and prevent you from focusing on more strategic and impactful tasks, such as financial planning, risk analysis, and driving business growth.

Copilot for Finance can help you overcome this challenge by automating these mundane activities and freeing up your valuable time. With Copilot for Finance, you can delegate these tasks to your AI companion and focus on the tasks that matter most to you and your business.

Gain Insights and Intelligence with AI

Another challenge for finance professionals is making sense of the vast and complex financial data they work with. It can be hard to find relevant and meaningful insights that can help them make better financial decisions and optimize their financial performance.

Copilot for Finance can help you solve this challenge by providing AI-powered insights you might have missed. With Copilot for Finance, you can discover hidden trends and patterns, predict cash flow issues, and identify areas for cost optimization. All are powered by AI that works seamlessly within your existing Microsoft 365 environment.

Customize Your Experience with Role-Specific Features

Finance professionals have different needs and preferences depending on their role and function. For example, an auditor might need features that are different from those of a collector or a reporter. That’s why Copilot for Finance is not a one-size-fits-all solution; it caters to the specific needs of different financial roles.

Copilot for Finance can help you streamline your workflow and enhance your productivity with role-specific features and functionalities. For example, you can simplify audits with a simple prompt or speed up collections with automated communication and payment plans. Copilot for Finance empowers every finance team member with the features that suit their role and function.

Enjoy a Seamless and Frictionless Experience with Integration

One of the best things about Copilot for Finance is that it integrates effortlessly with your existing Microsoft 365 tools, such as Excel, Outlook, and Teams. This means that you don’t have to switch between applications, or struggle to import data from one app to another. You can access insightful financial insights and actions directly within your familiar workflow and eliminate silos and barriers across your team.

Copilot for Finance can help you enjoy a seamless and frictionless experience with integration. You can access Copilot for Finance from any device, anywhere, and anytime. You can also collaborate with your finance team and stakeholders and easily share financial insights and actions.

Trust Your Data with Security and Compliance

Security and compliance are paramount in the world of finance. You must ensure that your financial data is secure and protected and adhere to the strictest data privacy regulations and standards. You don’t want to compromise your data or reputation with a solution that doesn’t meet these requirements.

Copilot for Finance can help you trust your data with security and compliance. Copilot for Finance inherits the robust security features you trust from Microsoft 365, such as encryption, authentication, and auditing. You can also leverage a solution that complies with the highest data privacy regulations and standards, such as GDPR, HIPAA, and SOC. This gives you peace of mind and confidence that your financial data is protected.

How to Get Started with Copilot for Finance

Copilot for Finance is available for early adopters who want to experience its transformative potential. If you want to join this exclusive group of finance professionals who are embracing the power of AI, here’s how to get started:

• Visit the Copilot for Finance website: This website provides a wealth of information about the product, its features, its benefits, and more. You can also sign up for updates and news about Copilot for Finance.
• Review Requirements: Make sure you meet the licensing requirements for Copilot for Finance, which include specific Microsoft 365 subscriptions, such as E3, E5, or F3. You must also have a compatible browser and other guidelines, such as Edge or Chrome.
• Connect with Wahaya IT: We are your trusted IT partner who can help you set up Copilot for Finance for your business. We can ensure that it’s integrated and secured with your existing Microsoft 365 environment and train your team to use its helpful features.

Embrace the Power of AI with Copilot for Finance

The world of finance is evolving rapidly, and you need to keep up with the changes and challenges that come with it. Microsoft Copilot for Finance empowers you to embrace this change and confidently navigate the future. It offers AI-powered insights, streamlined workflows, and seamless integration that can transform the way you work with finance.

Suppose you want to unlock the full potential of Copilot for Finance and propel your business forward with AI. In that case, you need a reliable and experienced IT partner to help you with the setup, integration, and training. That’s where Wahaya IT comes in.

Wahaya IT is an IT  provider specializing in Microsoft 365 and Copilot solutions. We can help you leverage the power of AI to enhance your finance productivity and performance. 

Contact us today to discuss how we can help you.