Quick Overview

  • ChatGPT DeveloperOpenAI Partners with PwC, to jointly build AI agents for enterprise finance, covering areas such as planning, forecasting, reporting, procurement, payments, treasury, tax, and accounting, as announced by both parties this week.
  • PwC stated in a press release on Tuesday that the collaboration focuses on "practical, high-value business processes where AI agents can execute and coordinate work under human supervision."
  • Tyson Cornell, PwC's US Advisory Leader, said in the press release: "Finance is at a turning point, as enterprises shift from process efficiency to intelligent, decision-driven operations. Through our collaboration with OpenAI, we help clients embed agentic AI at the core of finance functions, enabling more forward-looking insights, stronger controls, and more adaptive operating models."

Deep Insights

This collaboration is the latest example of a growing wave of agentic AI partnerships between major consulting firms and technology companies.

In late April, KPMG announced the launch of an AI assistant formonth-end close, powered by Google Cloud's Gemini Enterprise and directly integrated with the Workday platform.

Meanwhile, Deloitte said last month it is expanding its alliance withGoogle Cloudby deepening collaboration through the establishment of a "dedicated end-to-end agent transformation practice." Deloitte is also partnering withHewlett Packard Enterpriseon an initiative aimed at testing agentic AI in finance processes.

PwC stated that its collaboration with OpenAI focuses on building "real-world applications, not just theoretical designs."

PwC said in the press release: "For example, PwC and OpenAI are building a procurement agent within OpenAI's finance organization and applying these learnings to other agents in core finance processes. This hands-on model aims to accelerate innovation, validate the value of an AI-native finance function within OpenAI, and continuously improve products based on experience."

The press release also mentioned that other agents will handle tasks such as accelerating contract review, performing risk assessments, speeding up closing activities, streamlining reporting, and providing customized dashboards.

In a separate announcement, OpenAI said its finance department will serve as the program's"Customer Zero", testing "enterprise-grade workflows, governance models, runtime controls, and human-machine collaboration patterns."

OpenAI stated: "OpenAI is already applying AI agents in its own finance department, using tools such as ChatGPT and Codex to support workflows in investor relations, treasury, tax, reporting, corporate development, and contract review. Now, PwC and OpenAI are building on these experiences to help other CFOs apply AI agents within their organizations."