Cfo Thought Leader

925: A.I. and the Hands of Time | Scott Bennion, CFO, Paystand

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Synopsis

If Paystand CFO Scott Bennion were to break his three-decade-long finance career into different chapters, the software finance leader would likely agree that he and many of his peers have recently opened a new one.As a starting—or concluding—point, the chapter that has just ended might simply be titled "The Data Set," in order to focus our attention on the means by which Bennion and others of his ilk have over the past decade extended their lines of sight into the business well beyond those of any previous generation of CFOs.   For Bennion—who remembers tracking CD shipping costs during the desktop computing era—the latest marker or evidence that a new page has been turned has been made visible by Paystand’s product engineering and development team.“After having deployed AI tools and generative AI, we’re able to actually see a 4x increase in productivity by our product and engineering teams so far,” reports Bennion, who minces no words when asked about AI's impact on company finances.He continues:&n