Corporate Treasuries Are Slow to Adopt AI, Survey Finds

Treasury departments in global companies are struggling to adopt artificial intelligence tools, according to a Crisil Coalition Greenwich survey, underscoring how slowly the technology is penetrating a critical function in corporate finance.

Crisil’s survey of 100-plus firms from the US, Europe and Asia found fewer than 10% of treasury teams use AI for core functions like financial forecasting and fraud detection. Half haven’t started using AI at all, even as global companies ramp up spending on the technology, according to a February report.

That’s due largely to a lack of in-house expertise and messy underlying data, according to the financial ...