2025-02-26

Small Companies, Big AI Opportunities: Agility as Your Competitive Edge

When it comes to automation and AI, many assume that only large enterprises can harness these technologies. In reality, small and medium-sized companies often have a significant advantage. Their agility and streamlined decision-making processes mean that getting all stakeholders aligned on a transformation initiative can be much easier than in large, fragmented conglomerates.

Today’s AI applications—especially in areas like vendor invoice processing, credit card management, and travel expense handling—are already delivering measurable benefits. These technologies enable SMEs to automate routine tasks and achieve operational efficiency quickly, positioning them to compete with bigger players.

However, while flexibility is a key advantage, governance remains a critical factor. Many smaller companies lack formal, written policies and procedures, such as detailed accounting and purchasing manuals. Yet these documents are essential—they not only provide clear guidance for your team but also serve as a foundation for training AI systems on your specific processes. Without solid governance, even the best AI tools can deliver subpar results, as the old adage “garbage in, garbage out” still applies.

The takeaway is clear: regardless of your company size, it’s time to review and refresh your internal policies and procedures. Strengthening your governance framework is a crucial step in your AI adoption journey. It ensures that your technology investments are built on a reliable, well-documented foundation, setting you up for long-term success.

If you’re curious about where your organization stands in this evolving landscape, I invite you to explore our Digital Maturity Self-Assessment. This tool is designed to help you evaluate your current processes and identify actionable next steps toward achieving true AI readiness.

Let’s embrace the future of finance together—because agility isn’t just for the big players. It’s your secret weapon in driving transformational change.

Please contact me if you AI is on your Finance agenda but you don’t know where to start.