Introducing Microsoft Copilot for Finance – the newest Copilot in Microsoft 365 designed to transform modern finance

By Charles Lamanna, CVP, Business Applications and Platforms

Today we’re announcing the public preview of Microsoft Copilot for Finance, the newest role-based extension of Microsoft Copilot for Microsoft 365 designed to revolutionize how finance teams approach their daily work. Copilot for Finance joins Copilot for Sales and Copilot for Service, now generally availableto provide AI-powered, role-based workflow automation, recommendations, and guided actions in the flow of work.

Finance departments are critical partners in strategic decisions impacting the direction of a company. Eighty percent of finance leaders and teams face challenges to take on more strategic work outside the operational portions of their roles1. However, 62 percent of finance professionals say they are stuck in the drudgery of data entry and review cycles 2. Copilot for Finance can help free up time for finance to play more of a strategic role in delivering counsel and insights to the business by streamlining financial tasks, automating workflows, and providing insights in the flow of work.

«Copilot for Finance enables finance teams in Switzerland and across the globe to focus even more on strategic consulting and analysis with the help of AI,» says Roger Altorfer, Head of Customer Success

Microsoft introduces Copilot AI chatbot for finance workers

Charles Lamanna, corporate vice president for business applications and platforms at Microsoft, speaks at a press event in San Francisco on Feb. 28, 2024.

Jordan Novet | CNBC

Microsoft on Thursday announced that it will release a Copilot chatbot that can perform key tasks for people working in finance. The software company will first offer the tool in public preview. Pricing details will follow.

Many business software providers, including HubSpot and Salesforce, have been working to supercharge existing products with generative artificial intelligence, in the hope of making clients more efficient. The craze began after startup OpenAI in 2022 launched the ChatGPT chatbot, which can spit out natural-sounding text or other content with a few words of human input.

The typical company consists of a variety of groups in which employees perform specialized work. “We want every one of the departments to be enabled and enriched with a Copilot,” Charles Lamanna, a Microsoft corporate vice president, said in an interview with CNBC in San Francisco on Wednesday.

Microsoft already has a Copilot for general-purpose industrial use in Office applications, and it has released Copilots designed for sales and customer-service workers.

Copilot logo displayed on a laptop screen and Microsoft

Wall Street is increasingly worried about inflation’s resurgence

Recent signs of stickier-than-expected inflation have some Wall Street strategists concerned that investors have become too optimistic about the odds of a soft landing in the US economy.

The prevailing concern is that inflation could enter an era of stagflation, where price increases reaccelerate while economic growth slows. This was most famously seen during the 1970s and 1980s when a swift move down in inflation proved to be a head fake, and the US was left fighting higher prices for more than a decade.

“We believe that there is a risk of the narrative turning back from Goldilocks towards something like 1970s stagflation, with significant implications for asset allocation,” JPMorgan chief market strategist Marko Kolanovic wrote in a note to clients on Feb. 21. He expects the S&P 500 to fall to 4,200 by the end of the year.

A string of hotter-than-expected inflation reports in January has led Kolanovic and others to conclude that inflation’s bumpy path to the Fed’s 2% target should have investors worried as stocks sit at all-time highs.

“Even though it’s low probability, it’s likely that investors are under estimating the chance for stagflation in the next 12 to 18 months,” State Street Global Advisors

Don’t Make Big Financial Decisions on These Days of the Week

Kiwis /

Kiwis /

When it comes to making major financial decisions, it’s important to keep a level head. For some, the best time of the week is going to be on the weekend when there aren’t other pressing obligations to deal with. For others, it’ll be during the middle of the week when there’s a lull in the market.

Check Out: I’m Part of the Upper Middle Class: Here’s What My Finances Look Like
Read Next: 6 Genius Things All Wealthy People Do With Their Money

Since there’s no one clear answer, GOBankingRates reached out to several financial experts to see what they suggested. Here’s what they said.

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Avoid Major Financial Decisions on Fridays and Mondays

According to Jeff Rose, CFP® and founder of, Fridays and Mondays are often the worst days to make big financial decisions.

“Fridays are when people are winding down for the weekend, potentially leading to rushed decisions or overlooked details,” he said. “Mondays, on the other hand, are usually more volatile as the market reacts to weekend news and analysts’

Indonesia’s Ministry of Finance Urges To Review Crypto Tax Policy

Indonesia's Ministry of Finance Urges To Review Crypto Tax Policy

Indonesia’s Ministry of Finance Urges To Review Crypto Tax Policy

Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) is reportedly asking the Ministry of Finance to re-evaluate the current tax regime for cryptocurrency transactions. This request comes as the agency anticipates crypto to play a more significant role in the nation’s future economy.

Bappebti officials, led by Tirta Karma Senjaya, head of the Bureau of Market Development and Development, argue that the 0.11% value-added tax (VAT) and 0.1% income tax imposed on crypto transactions require reassessment. Their reasoning centers around the growing integration of crypto into Indonesia’s financial landscape.

While the current tax structure has been in place since April 2022, generating approximately $2.49 million in January 2024 alone, Senjaya emphasizes the need for annual reviews, aligning crypto taxes with the standard practice for other tax regulations.

This move comes amidst a period of significant growth in the Indonesian crypto space. The number of crypto holders has risen by over 11% from 2021 to 2023, showcasing increasing public interest. Additionally, the recent presidential election victory of Prabowo Subianto, whose running mate, Gibran Rakabuming Raka, has expressed support for fostering opportunities in the crypto and blockchain space for the younger population in

Stocks to Watch: Vedanta, LIC Housing Finance, Reliance Industries, Signature Global, SJVN

LIC Housing Finance: The company is strategizing to accumulate capital via green bonds in the upcoming fiscal year, with an objective to fund eco-friendly housing projects. “In the upcoming year, we will explore green financing and utilize the funds for financing green housing projects,” said Tribhuwan Adhikari, Managing Director and CEO of LIC Housing Finance, reported PTI. The company has scheduled a board meeting on March 7 to discuss the borrowing strategy for the fiscal year 2024-2025. LICHFL hopes to hit the net profit of 5,000 crore milestone by the end of current financial year on the back of robust loan demand and expansion in non-core business, added Adhikari.

Global Signature: Real estate firm Signature Global announced on Sunday that it has sold over 1,000 apartments in its luxury housing project in Gurugram, generating more than 3,600 crore. This success is attributed to the robust demand for residential properties, particularly in the luxury segment. In a regulatory filing, the company disclosed that it has achieved pre-launch sales exceeding 3,600 crore for its latest premium residential development project, ‘DE LUXE-DXP’, located in Sector 37D of Gurugram.

Reliance Industries: The company, under the leadership of Mukesh Ambani, is

Microsoft debuts AI-powered Copilot for Finance as it continues company-wide AI push

Microsoft (MSFT) continues to roll out more generative AI capabilities across its software offerings with the debut of its Copilot for Finance. The company says the AI ​​service, which is launching as a public preview, will make it easier for workers to sort data and find errors in financial reports.

Microsoft has added its generative AI-powered Copilots to a slew of its business offerings ranging from Copilot for Microsoft 365 and Copilot for Sales to Copilot for Service. That’s in addition to the company’s Copilot in Windows 11, which is built into all Windows 11 PCs running the latest software updates.

Microsoft’s Copilot for Finance, the company says, can provide real-time insights into corporate finance data, cutting down on the rigamarole of having to enter and search through seemingly endless rows and columns in Excel.

The tech giant says its latest Copilot can also streamline audits, detect data variances, and help users generate PowerPoint presentations and emails based on available financial information using natural language prompts.

Microsoft and its OEM partners are adding a new Copilot button to Windows laptop and desktop keyboards as the AI ​​PC generation kicks off.  (Image: Microsoft)Microsoft and its OEM partners are adding a new Copilot button to Windows laptop and desktop keyboards as the AI ​​PC generation kicks off.  (Image: Microsoft)

Microsoft and its OEM partners are adding a new Copilot button to Windows laptop and desktop keyboards as the AI ​​PC generation kicks off. (Image: Microsoft) (Microsoft)

The Windows maker isn’t revealing pricing for

Stocks Pause After Rally, Seek Rate-Cut Signals: Markets Wrap

(Bloomberg) — European shares paused around a record high after six weeks of gains, as investors waited for reassurance that central banks are on track to cut interest rates in the coming months.

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The pan-European Stoxx 600 gauge rose 0.1%, although the tech shares subindex outperformed, tracking Friday’s Wall Street gains. Futures for the Nasdaq 100 ticked slightly higher, hinting that megacap tech shares such as Nvidia Corp. could advance further. Treasuries slipped, while oil prices steadied near the highest level this year after OPEC+ extended production cuts.

The S&P 500 index has now gained for 16 of the last 18 weeks, a run not seen since 1971, Deutsche Bank AG analysts pointed out. That rally was fanned further last week by US data that reinforced bets the Federal Reserve would be able to cut rates later this year. The earnings season, meanwhile, showed companies averaging 8% earnings growth.

“Better economic outlook, bullish investor sentiment and some better earnings have supported the equity markets,” Jefferies strategist Mohit Kumar wrote in a note. “Whether it’s the economic outlook or the central bank ‘put’ being back on the table, investors are very positive on risky assets.”

While markets

WOM Finance Projects New Financing Distribution Ahead of Ramadan to Increase

ILLUSTRATION. PT Wahana Ottomitra Multiartha Tbk (WOM Finance) projects that the growth in distribution of new financing ahead of Ramadan will increase. KONTAN/Baihaki/23/01/2024

Reporter: Ferry Saputra | Editor: Handoyo .

KONTAN.CO.ID – JAKARTA. PT Wahana Ottomitra Multiartha Tbk (WOM Finance) projects that the growth in distribution of new financing ahead of Ramadan will increase, especially for the multipurpose motorbike and car segments.

“The company is quite optimistic that the Ramadan momentum will have an impact on the distribution of new financing,” said WOM Finance Finance Director Ring Lisa to Kontan, Friday (1/3).

However, Cinicn said that in determining the size of the growth target for Ramadan this year, the company is still continuing to carry out a more in-depth analysis of current market conditions.

Also Read: WOM Finance Net Profit Increases 19.63%

He also said that the distribution of new financing in January 2024 was relatively the same, when compared with the same period last year. Ring said that the multi-purpose car financing segment is one of the segments that will contribute greatly to the company’s distribution of new financing in January 2024.

For information, WOM Finance until December 2023, managed to record a net profit of IDR 236

CIMB Niaga Auto Finance (CNAF) is optimistic that Ramadan will boost performance

ILLUSTRATION. Used Vehicle Financing: Used car sales in Jakarta, Tuesday (16/01/2024). CIMB Niaga Auto Finance (CNAF) is optimistic that Ramadan will boost performance.

Reporter: Ferry Saputra | Editor: Noverius Laoli

KONTAN.CO.ID – JAKARTA. Multifinance company CIMB Niaga Auto Finance (CNAF) is optimistic that the Ramadan moment will boost performance. CNAF President Director Ristiawan Suherman believes that the growth of CNAF’s new financing will also increase.

“The moment of Ramadan, almost all segments will usually experience an increase in both new and used car financing. Apart from that, this will usually be a very good momentum for the distribution of multipurpose cash financing, especially the MSME segment which needs additional capital to increase its business stock during Ramadan until the eve of Eid,” he told Kontan, Friday (1/3).

Ristiawan said that CNAF is optimistic that it is targeting growth in new financing until the end of 2024 of IDR 10 trillion. He said this value increased by 15% from the new financing target in 2023 of IDR 8.5 trillion.

Also Read: CNAF Records Financing Receivables Growth of 34% in January 2024

Meanwhile, Ristiawan explained that CNAF’s new financing distribution in January 2024 would reach IDR 878 billion. This value increased