Take your finance function to the next level by discovering how Wiise and Microsoft Business Central use AI to streamline reconciliation, improve forecasting and sharpen decision-making.
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Save time on reconciliation and admin
Improve cash flow accuracy
Gain smarter, real-time financial insights
Strengthen security and compliance
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For small to medium-sized businesses (SMBs) in Australia and New Zealand, efficient finance operations are critical for growth and competitiveness. But manual financial processes often consume valuable time and resources, limiting the ability of finance teams to get above the day-to-day and deliver strategic insights. Fortunately, AI-powered automation within cloud enterprise resource planning (ERP) systems – like Wiise and Microsoft Dynamics 365 Business Central – is transforming how finance teams operate, allowing CFOs and finance leaders to accelerate routine tasks, improve accuracy and focus on higher-value activities.
In this article, we explore practical tips on how SMBs can harness the artificial intelligence (AI) capabilities embedded in Wiise and Business Central to streamline finance operations and unlock new efficiencies.
One of the most time-consuming finance tasks is reconciling bank transactions against accounting records. Wiise leverages AI and Microsoft Copilot technology to automate transaction importing and matching from multiple bank accounts, achieving up to an 83% reduction in the time taken for these tasks.
Tip: Set up your Wiise environment to enable AI-driven transaction matching by defining clear matching rules and regularly reviewing exception reports. This not only reduces errors but accelerates month-end close cycles, freeing your finance team to focus on analysis rather than data entry.
Business Central offers comparable bank reconciliation automation features that integrate with its AI modules. By enabling these tools, CFOs gain greater confidence in financial data accuracy and reduce the risk of late or missed transactions impacting cash flow management.
Sales and inventory fluctuations directly impact working capital and cash flow, which are areas where SMB CFOs need timely insights. Business Central and Wiise provide AI-driven forecasting tools that analyse historical sales data to predict future demand and automatically generate replenishment recommendations.
Tip: Collaborate with your operations and sales teams to fine-tune forecasting parameters and create integrated workflows that link AI-generated forecasts to purchasing decisions. This helps prevent stockouts, reduce excess inventory and optimise cash flow, ensuring your finance function has a crucial seat at the operational planning table.
By consistently leveraging forecasting insights, finance leaders can improve revenue protection while lowering inventory carrying costs, which is a win-win for SMBs managing tight budgets.
Late payments can strain cash flow and working capital. Both Wiise and Business Central offer late payment prediction features that analyse historical payment behaviour to identify invoices at risk of delayed payment.
Tip: Configure alerts and scoring thresholds within these platforms to proactively manage receivables. Use AI recommendations to adjust credit terms or implement targeted collection efforts early, reducing overdue accounts and improving cash flow stability.
Shifting from a reactive to a proactive collections strategy powered by AI insights empowers SMB finance teams to better forecast cash inflows and reduce working capital risks.
Wiise integrates Microsoft’s retrieval-augmented generation (RAG) technology alongside Copilot, enabling finance teams to get AI-generated, contextualised financial insights by combining internal ERP data with external information. Importantly, Copilot in Dynamics 365 Business Central keeps your financial data secure as it never exposes information outside your organisation, and you maintain full control over what Copilot can access and how it operates.
Tip: Encourage your finance staff to utilise Microsoft Copilot to automate routine reporting tasks, generate scenario analyses and get intelligent answers to complex queries. By incorporating AI-generated insights into decision-making processes, CFOs transform financial management from a backward-looking activity into a strategic, forward-looking function.
Ensuring your team is trained to critically evaluate AI recommendations will maximise both accuracy and trust in this emerging capability.
AI adoption in finance requires careful attention to data security and regulatory compliance, especially for SMBs handling sensitive financial information. Both Wiise and Business Central offer enterprise-grade ISO-compliant security frameworks and data governance controls built into their AI features.
Tip: Work closely with your IT or implementation partners to understand how these ERP platforms protect your financial data during AI processing and don't share your data outside your organisation. Regularly review audit trails and security settings to ensure ongoing compliance with local regulations and internal policies.
This diligence safeguards your business from data breaches while unlocking the benefits of AI-enabled finance operations.
For SMBs in Australia and New Zealand, AI-powered automation within Wiise and Business Central offers tangible benefits that go beyond simple efficiency, accelerating finance operations, improving accuracy and enabling strategic financial leadership. By adopting these practical tips, your finance team can reduce manual workloads, improve cash flow management and contribute more meaningfully to business growth.
If you’re ready to explore these capabilities further and plan your finance transformation journey, download our Wiise and Business Central AI-powered finance features cheat sheet.
