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Business Technology Solutions - Technology Executive of the Year
(Silver Winner)

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#TBA03947

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Paid

PO Created Date

2025-01-15 06:06:38

Paid Date

2025-01-15 06:07:34

Competition

2025

Season

Entry ID

TBE104339

Entry Submission Date

2025-01-15 05:59:26

Member's Name

Amrita Choudhary

Member's Email

achoudhary@wasabi.com

Entry Level

Accounting / Finance

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TF25003 - Technology Executive of the Year

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Project Description

As Accounting Manager at Wasabi Technologies, Amrita Choudhary leads strategic financial initiatives focused on process optimization, compliance, and the integration of artificial intelligence into finance operations. She plays a key role in managing lease accounting under ASC 842, reviewing global lease contracts and ensuring accurate, compliant reporting. By adopting AI-driven tools, her team has significantly reduced manual workloads while improving the precision and efficiency of financial reporting.

In addition to lease accounting, she oversees audit readiness and fixed asset management, using advanced data analytics and automation to streamline reconciliations and improve visibility across asset lifecycles. Amrita also drives the adoption of scalable and secure AI solutions across finance functions—evaluating tools, gathering business requirements, and coordinating with vendors and internal teams. Her efforts have improved operational efficiency, reduced errors, and strengthened financial compliance, supporting Wasabi Technologies’ continued growth.

Project Description for Judges

Question 1 : Describe the brand, features, functions, and benefits of your product or service. (Your response to this question will be used for public display if your entry is awarded.)

In my role as an Accounting Manager at Wasabi Technologies, I lead strategic financial initiatives, focusing on process optimization, compliance, and innovation. A significant part of my contribution involves integrating artificial intelligence (AI) into finance and accounting operations to streamline complex tasks, improve accuracy, and enhance decision-making.

One of my primary responsibilities includes managing lease accounting under ASC 842. This involves reviewing global lease contracts, ensuring accurate reporting, and maintaining compliance. By leveraging AI-driven tools, we’ve enhanced the efficiency of these tasks, reducing manual effort while ensuring precision in financial reporting. AI helps identify potential anomalies in lease data, enabling us to address issues proactively.

Beyond lease accounting, I oversee audit preparations and fixed asset management. Utilizing advanced data analytics and AI solutions, we can automate fixed asset reconciliations and generate insightful reports, ensuring timely audits and financial closings. These tools provide real-time visibility into asset movements, offering improved control over asset lifecycles.

Additionally, I spearhead AI adoption across finance functions. This involves gathering business requirements, evaluating third-party AI solutions, coordinating product demos, and leading cross-functional discussions with vendors and internal teams. The goal is to implement scalable, secure, and compliant AI solutions that align with our business needs.

The benefits of these efforts are significant. By automating routine processes, we’ve reduced workload, minimized errors, and improved operational efficiency. Our enhanced financial insights enable better strategic planning, while compliance with regulations like GAAP and SOX ensures we maintain financial integrity.

In summary, my work focuses on driving innovation through AI adoption, optimizing financial processes, and ensuring compliance, ultimately contributing to Wasabi Technologies’ financial excellence and growth.

Question 2 : Outline the market performance, analytical response, and customer satisfaction of your products or services, to date.

The integration of AI-driven solutions in our finance operations is currently underway, with a focus on enhancing performance, operational efficiency, and stakeholder satisfaction. As part of this ongoing initiative, we are working towards automating key areas like lease accounting, fixed asset management, and financial reporting to reduce manual workload and improve accuracy.

For instance, we are in the process of exploring AI-powered lease management tools to streamline contract review processes under ASC 842. Once implemented, these tools are expected to accelerate month-end closings and ensure consistent compliance with regulatory standards across global operations. Similarly, we are evaluating AI-driven solutions for fixed asset management, which have the potential to automate reconciliations, reduce audit preparation time, and ensure audit readiness.

To ensure a successful rollout, I have introduced a proactive approach to AI adoption. This involves gathering business requirements, engaging with third-party vendors, conducting product evaluations and demos, and collaborating with internal teams to identify scalable solutions. Our goal is to implement tools that not only meet our current needs but can also adapt as our business evolves.

Stakeholder engagement is a key focus of our strategy. By maintaining open communication with management and finance teams, we are fostering a collaborative environment that encourages feedback and iterative improvements. Early feedback from stakeholders has been positive, with excitement about the potential reduction in manual tasks and increased ability to focus on high-value strategic work once the solutions are fully deployed.

In summary, while the AI-driven transformation in finance at Wasabi Technologies is still a work in progress, significant steps have been taken to lay a strong foundation for success. The ongoing initiative underscores our commitment to leveraging technology to enhance financial operations, improve decision-making capabilities, and drive long-term value.

Question 3 : Provide examples of the strategies / plans you have introduced, in order to attain your product’s or service’s performance standard? Explain why the highlighted achievements are significant / unique.

To achieve high-performance standards in finance operations and ensure seamless AI adoption, I have introduced several key strategies focused on process optimization, compliance, and innovation. While the AI onboarding process is still in progress, these strategies have laid the groundwork for a smooth and successful implementation of technology-driven solutions at Wasabi Technologies.
	1.	Comprehensive AI Implementation Roadmap
I developed a phased AI implementation roadmap that includes key steps such as business requirement gathering, vendor evaluations, demos, and testing. By engaging with business owners, operational managers, and external vendors, we are ensuring that the selected AI solutions will be tailored to specific business needs, scalable, and compliant with industry regulations such as GAAP and SOX. This structured approach is designed to minimize risks and facilitate seamless integration with our existing systems.
	2.	Process Optimization for Lease Accounting and Fixed Assets
Recognizing the inefficiencies in manual processes for lease accounting under ASC 842 and fixed asset management, I initiated efforts to adopt AI-powered tools. Currently, we are evaluating solutions that will help automate these processes, aiming to improve accuracy, speed up month-end closings, and maintain compliance across global operations. Once implemented, these tools are expected to significantly reduce manual effort and enhance overall financial accuracy.
	3.	Change Management and Stakeholder Engagement
Since successful AI adoption requires organizational alignment, I have been leading change management initiatives by involving key stakeholders throughout the process. This includes regular communication, gathering feedback, and preparing the finance team for eventual AI tool usage. Hands-on training sessions are planned to ensure the team is well-equipped to use the new tools, fostering a culture of innovation and continuous learning.

These strategies are significant because they establish a solid foundation for AI adoption while addressing critical factors such as scalability, compliance, and team readiness. What makes this approach unique is the emphasis on proactive planning, stakeholder involvement, and continuous evaluation, ensuring a long-term positive impact on financial operations once the solutions are fully implemented.

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https://advisor.kiplinger.com/profile/Amrita-Choudhary-Accounting-Manager-Wasabi-Technologies/30829c98-5274-4f3d-a750-7553f3ada0ce	No	Display
https://www.kiplinger.com/kiplinger-advisor-collective/adopting-ai-in-your-financial-institution-consider-these-factors	No	Hide
https://wasabi.com/blog/company/employee-spotlight-amrita-choudhary	No	Display
https://www.kiplinger.com/kiplinger-advisor-collective/how-artificial-intelligence-can-help-lease-accounting	No	Hide

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