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Finance AI Adoption Set to Double, Yet Spreadsheets Still Rule

Limelight Software's 2026 FP&A Statistics Report reveals AI adoption set to double, but 61% of CFOs cite inaccurate forecasting as top cost-control problem. Record tech spend clashes with spreadsheet dependency.

This news matters because it reveals a critical disconnect in finance: while CFOs are investing heavily in AI and technology to improve forecasting and decision-making, the majority of finance teams remain bogged down by spreadsheets and stale data, leading to inaccurate forecasts and lost revenue. For businesses, this gap between intent and infrastructure means that without bridging it, they risk falling behind competitors who successfully automate and adopt AI. The findings highlight an urgent need for finance transformation, directly impacting a company's ability to control costs, drive growth, and make timely strategic decisions. Professionals across industries should take note: the finance function is evolving, and those who fail to modernize may face significant competitive disadvantages.