Executive Summary
Analysis
Ethical Considerations
GenAI Automation
1. Bias & Fairness: As AI relies on past data, this
can lead to hidden biases potentially affecting
financial decisions, risk assessments or hiring
decisions.
2. Privacy & Data Security: Misuse of private
financial is a significant threat for BoilerBridge
clients. To prevent this, greater security rules,
data protection methods like encryption, and
human oversight are necessary
3. Accountability & Transparency: AI should not
make financial decisions without clear
explanations. Every AI-generated report must be
easy to trace back to its source, and humans
should double-check AI’s work to avoid errors in
finances and taxes.
4. Workforce Displacement: To reduce the risk of
job displacement from AI automating routine
tasks, BoilerBridge should implement training
programs that will help employees adapt into
more strategic and value-added roles.
1.
Management accounts only incorporate BI
within Excel or stand-alone platforms to aid in
basic tasks.
2. Basic use of Business Intelligence(BI) within
everyday tasks show limited advancements and
work outcomes.
3. Advanced BI use (e.g., predictive analytics,
interactive visualization) has a markedly stronger
impact on performance than routine use.
4. With the GenAI market expected to reach nearly
$40 billion by 2027, transitioning to advanced
BI usage is crucial for sustaining competitive
advantage (TechNavio, 2024).
5. Improved BI capabilities lead to enhanced client
response rates and more tailored solutions,
directly benefiting customer service.
6. Lack of formal training prevents employees from
becoming digital-savvy professionals, reducing
the potential to leverage advanced tools.
”These routine users tend to use BI systems
more like a database without developing
dashboards or making use of advanced
analytics tools”(Thanyani, 2024)
Solution
1
Enhance AI Integration (predictive
analytics, interactive visualizations, drilldown features)
Advanced use explains 40.7% of variance and
drives a 52.2% boost in individual performance
—far surpassing the benefits of routine use.
3 Offer training programs to help employees
learn how to use AI effectively and make
sure everyone, regardless of gender, has
equal opportunities to work with AI.
2 Partner with industry-leading solutions like
Accountant Shortage
Epicor GROW to modernize operations and
and meet security standards seamlessly.
Epicor GROW is scalable, cloud-based platform
that aligns with ISO 9001 standards and SOC 2
certification that outlines strict security measures
Cost: $10,000 - $50,000
4
Regularly check AI systems to make sure they follow
financial laws and meet ISO 9001 quality standards.,
enhancing BoilerBridge's competitive advantage by
promoting ethical operations.
There are 340,000 fewer
accounts now than 5 years
ago (AICPA & CIMA).
Share of accountants taking
the CPA exam is the lowest
in 17 years (Kiplinger)
GenAI can help automate routine
tasks to boost efficiency in order to
free up accountants for strategic
work, mitigating the current
shortage while still relying on human
expertise.
Verifying new processes align with
business goals
*Graph represents Mars Wrigley
performance after digital twin
*2% increase in Customer Service
Levels from 2021-2023
*Truck Utilization increased from
85-95% from 2021-2023
*Other factors, like supply chain
productivity and reduced costs,
increased as well
Source: EBSCO Host
Proactively addressing
any issues
Management
Responsibility
Service
Monitoring
Resources
ISO 9001
Alignment
with GenAI
Integration
Managing AI
system integration
Process &
Production
Control
Change
Management
Service
Monitoring
Confirming tools are continuously
meeting standards and improving
Guaranteeing resources are
effective and consistent
Ensuring AI outputs meet quality
standards and financial integrity