Why AI in Finance often fails to deliver (and how Pegasus Insights can help)

It feels like AI is everywhere these days. What was once the stuff of sci-fi
movies—or, for me, a topic in undergrad computer science classes—is now
deeply woven into daily life. The question has shifted from “Will AI take
over the world?” to “Will it take over my job?” But fear aside, there’s broad
consensus: AI is here to stay.

That’s especially true in business. Leaders across industries have poured
time, money, and energy into AI, chasing efficiency, insights, or simply
acting out of the fear of falling behind. But how many are actually seeing
returns?

According to BCG, only 25% of companies investing in AI are achieving
significant financial benefits. In the finance industry, that number is often
even lower. Why? Because too many finance AI initiatives fall into the same
traps:

1. Companies often adopt AI without a specific problem to solve—just to
   “keep up.” But AI for AI’s sake adds complexity without value. If your
   AI initiative isn’t tied to a tangible outcome, it becomes a costly
   distraction.
2. AI models are only as good as the data they consume. In finance,
   data lives in fragmented systems—ERPs, banks, spreadsheets—with
   different formats and naming conventions. Feeding this messy data
   into an AI model leads to bad outputs. And stitching all those data
   sources together can stall progress for months.
3. The finance world still runs largely on legacy tools and Excel.
   Introducing AI means overhauling workflows and tools—a heavy lift
   for teams already stretched thin. Many AI pilots fail not due to the
   tech, but because change management is underestimated.

So, what can finance leaders do? Should they sit on the sidelines or gamble
on expensive, custom AI solutions with no guaranteed ROI? How about instead they invest in a tool that consolidates their data, cleans it up, and fits the way you already work?

Pegasus Insights is built by finance experts, for finance teams. Unlike
generic AI tools, Pegasus is designed for the unique needs of finance. It is a
purpose-built cash management and forecasting platform that tackles data
integration, consolidation, and clean-up so you can generate insights and
forecasts from a single, reliable source. Our intuitive Cash Forecasting
module delivers a continuous, accurate view of their cash position while
mimicking the flexibility and familiarity of Excel. And because Pegasus is
built to complement—not replace—existing processes, it’s a natural
extension of how finance teams already work.

As organizations continue to invest in AI, finance leaders have a choice:
treat it as a buzzword or turn it into a real driver of performance. Pegasus
Insights helps finance teams avoid the common pitfalls and focus AI where
it matters most—cash management.

The result? Smarter decisions, cleaner forecasts, and real return on
investment