Leaders from Accenture and Wells Fargo discuss ‘transformative' capabilities of AI in finance [Fortune]
Forward Air Corporation (FWRD)
Last forward air corporation earnings: 4/30 04:27 pm
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Source: Fortune
Kerrins, senior EVP and head of technology at Wells Fargo, shared their perspectives on how AI is changing the business world. With Accenture, a global professional services company, McClure discussed being in the “unique position” to assist clients in implementing technology while also using it internally. For example, a treasury AI platform “helped us identify $600 million of idle cash to put to better use,” said McClure, adding that Accenture has used predictive analytics tools to forecast revenue for years, and now those will be augmented with generative AI. (The firm is also looking to use GenAI to help with controllership.) “Everybody closes their books every month and every quarter; that doesn't sound so exciting,” she said. “But we're able to free up tens of thousands of hours, annually, based on using GenAI.” Another important aspect of the process is capital allocation, McClure said. “I think that's really where we collaborate with my technology partners in terms of appr
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FWRD
Earnings
- 5/8/24 - Miss
FWRD
Sec Filings
- 6/13/24 - Form SC
- 6/10/24 - Form S-1
- 6/10/24 - Form 8-K
- FWRD's page on the SEC website