How will GenAI shape tax and finance transformation?

EY

Generative AI (GenAI) is reshaping the way businesses think about tax and finance function transformation. That is the clear takeaway from the 2024 EY Tax and Finance Operations survey (TFO survey) of 1,600 professionals, in which 87% of respondents say they believe integrating GenAI will drive increased efficiency and effectiveness within the tax function. The optimism represents an about-face from the previous survey, conducted before headlines brought mainstream attention to breakthroughs in GenAI’s capabilities, when only 15% said the technology would have an impact.

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