Amazon.com’s finance teams are using generative AI in new ways to more efficiently comply with complex tax regulations, help evaluate the financial impact of new products and better analyze changes in revenue.
It’s part of an effort by Amazon to further apply AI to help tackle more complicated finance functions, moving beyond the automation of rote back-office processes taking place at many companies.
Amazon has expanded the areas of finance where it uses generative artificial intelligence over the past year, executives said.
About a year ago, the company applied GenAI to core back-office functions such as fraud detection, account reconciliation, financing forecasting and contract reviews.
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