AI Is Rewriting the CFO Office: How Staria Is Leading the Charge

By Artti Aurasmaa, CEO at Staria

We’ve been on the forefront of developing tech-enabled services since 2003. Our original ethos was to digitalise a paper-heavy finance industry. Our purpose is to empower finance leaders with the tools and services you need to focus on your company’s growth.

In 2018 we invested heavily in robotic process automation with the goal to better serve our customers by boosting accuracy, improving compliance and enabling faster service delivery to our customers. These investments set the foundation of our AI team and AI developments. Our strategic focus has always involved developing intelligent automation and integrating AI tools in our services to ensure you reap the benefits of efficient services and the most advanced CFO Office tech stack available.

Our internal AI team works closely with all teams at Staria to identify where AI and automation can create meaningful impact and then makes those improvements happen.

For instance, an AI agent generates hundreds of customer documentations at the ISO standard in response to customers’ change requests. And AP processing automation leads to faster invoice processing, fewer errors and lower processing costs.

We’ve seen a quantum leap in AI development, where AI use cases became more tangible than ever for the CFO Office. AI is here to stay, it’s going to be embedded in everything we do. In many cases it already is. Complex finance processes that were once nearly impossible to automate have become feasible thanks to AI agents.

These developments are clearer than ever in the two tech pillars that the CFO Office relies on: ERP and BI platform.

AI in Naviloq

Secondly, we believe that the future belongs to those who can transform raw data into real business value quickly, intuitively, and autonomously. Naviloq is our proprietary business intelligence platform that lets you automate your financial controls and planning. Naviloq’s embedded AI Controller acts as a tireless analyst scanning dashboards, surfacing trends, anomalies, and opportunities. Then comes personalisation. It starts to interpret user goals, proactively surfaces relevant insights, and suggests actions. It dynamically draws from multiple data sources, collaborating with users to deliver tailored analytics. Lastly it can start to make decisions and take actions independently, executing end-to-end analytics and operational tasks with minimal human intervention. This is a shift toward fully self-governing, decision-making analytics platforms.

AI in CFO Office Solutions

AI enabled CFO office tools are developing rapidly, whether that’s NetSuite and Naviloq, within the tools offered by the NetSuite ecosystem, or by service providers like us at Staria. With our extensive background in integrating AI into our solutions, this is just another, although very exciting phase of tech advancements, that yet again let’s our clients focus on tackling their growth journeys, while manual tasks are taken care of in the background, faster, more accurately and covering more complex processes than ever before.

Simplify your operations and focus on growth with our one-stop shop for all your CFO Office needs.