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

Maybank Finance Pockets Profit of IDR 443.79 Billion in 2023

Insurance Media, JAKARTA – Financing company PT Maybank Indonesia Finance (Maybank Finance) recorded a net profit throughout 2023 of IDR 443.79 billion or a slight increase of 0.68% compared to the profit achieved in 2022 of IDR 440.46 billion.

Based on the company’s audited financial report as of 31 December 2023 quoted on Tuesday, 27 February 2024, the increase in net profit is in line with revenue growth in 2023 from IDR 1.04 trillion to IDR 1.10 trillion. Meanwhile, the company’s total expenses were also recorded to have increased by IDR 469.78 billion from 2022 to IDR 528.03 billion.

|Also read: Maybank Finance Issues IDR 500 Billion Bonds

As of December 31 2023, Maybank Finance recorded total assets of IDR 8.08 trillion or an increase compared to the position as of December 31 2022 of IDR 7.36 trillion. Meanwhile, total liabilities recorded in 2023 reached IDR 4.38 trillion or an increase compared to the position on December 31 2022 of IDR 3.92 trillion.

Editor: Ahmad Aris