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ChatGPT for every Finance Team!You are still asking how ChatGPT can help you?Here are 28 examples.CFO1. Strategic Planning2. Financial Communication3. M&A Analysis4. Performance MetricsAccounts Payable & Receivable1. Invoice Processing2. Payment Reminders3. Reconciliation Help4. Vendor CommunicationsBudgeting & Forecasting Team1. Budget Creation2. Variance Analysis3. Forecast Modeling4. Cost-Benefit AnalysisFinancial Analysis Team1. Trend Analysis2. Report Generation3. Investment Research4. Scenario AnalysisTax Compliance & Strategy1. Tax Code Research2. Tax Filing Assistance3. Tax Strategy Planning4. Issue DocumentationController1. Financial Reporting2. Internal Controls3. General Ledger Oversight4. Compliance MonitoringInternal Audit Team1. Risk Assessment2. Audit Planning3. Control Testing4. Audit Preparation👉 Which other cases would you add?-------Join our AI Finance Club if you want to keep learning about ChatGPT for Finance!https://bit.ly/47BDBPs💡 Do you want to be the first to know how to use Copilot for Finance?If yes, then save yourself time and become a pro in just 2 hours.How?By learning it here with two AI Finance Experts (Christian M. and Nicolas Boucher).Link here:https://lnkd.in/dUVkPCac
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Koffi M. SILIADIN, MD
Head of Programs
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How to do the same in each step of the project management cycle?
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Renganarashimhan Sadagopan
12.7yrs exp-Accounts Payable, Statutory payments, General ledger, US GAAP, Accounts Receivable,Trial balance Review,Transition-Team mgmt-Process Implementation-Statutory, Sox & Internal audit
3w
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Details about course pls
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Viviani Carvalho Gaspari
Controllership Analyst
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Amazing
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Syed Mohibullah
Microsoft Dynamics AX Functional Consultant
3w
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❤👍👌🥇
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Aathimalaiyarasu S
master of commerce
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Love it
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Manish Singh
Finance Manager
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Interesting! I like
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Ahmed Hamdi , Dip IFRS , CMA
Internal Audit Manager | Comprehensive expertise in Financial Management and Strategy planning and Execution for Pharmaceutical & FMCG companies, CMA® , Dip IFRS , Data analysis Diploma and Financial modeling
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#financemanagement#financeChatGPT for every Finance Team!You are still asking how ChatGPT can help you?Here are 28 examples from finance Club 👇
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Viviani Carvalho Gaspari
Controllership Analyst
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IA Finance... insights !
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Gerrard De Vos CA (SA)
Time to Re-think, Re-Design, Re-Invent and Re-Wire
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AI for your own Finance Roles
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Abdulqader Ahmad. CPA, CIA, CMA, MPAcc.
Head of Financial Compliance at Abunayyan Holding
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When AI is combined with Excel.. the result is phenomenal🤯😳1) Save time2) Save effort3) Higher productivity4) Better reportsWatch the video.. you may not know it (Excel & ChatGPT) What's next ?🤷👇Here’s how you can show your appreciation:👍 Give this post a thumbs up➕ Follow me for more Finance and Business Tips🔔 Ring the bell icon on my profile to be notified of future postsdataanalytics #financialanalysis #trendanalysis #rootcauseanalysis #accountinganalysis #fpa #fpanda #financialcontroller #cfo #cia #financemanager #senioraccountant #junioraccountant #controller #financialanalyst #financialplanner #auditor #externalauditors #internalauditors
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Jimmy Clements, CPA
Dad | Restructuring CFO | I help teams forecast profitability, project cash flow, and build their finance function.
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Saying it again for the people in back 👂ChatGPT isn’t a reliable, realistic, or practical financial advisor, CFO, or FP&A analyst. Thanks 🙏___________________If you want to learn actual financial concepts to get you hired and level-up for FP&A or CFO career like accounting automation, budget modeling, and cash flow forecasting, download my free 125pg book and courses linked in my bio 📕✌️
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Adam Shilton
Adam Shilton is an Influencer
Top Voice | Finance Tech Consultant | AI & Automation in Finance Expert | Gartner Peer Community Ambassador
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How to train your own finance AI in under 5 mins2 methods: ChatGPT vs Poe(both FREE)- ChatGPT - Custom Instruction- Poe - Custom prompt using Llama 21️⃣ ChatGPTYou can find a full step-by-step in the carousel 👇The key is the custom instruction detail.Here’s what I used:What would you like ChatGPT to know about you?- Financial Controller- Professional services industry- Oversee month-end procedures- Responsible for budgeting and planning- Use Sage Intacct as our financial platform- Always looking for ways to reduce repeat work- Control expenditure for 6 departments (Sales & Marketing, HR, Projects and Service)How would you like ChatGPT to respond?- Challenge perspectives- As though speaking to a seasoned finance professional- Not just provide responses, but encourage the continuation of chats to provide more innovative ways of working- Provide supplementary knowledge of financial processes and precured that will help with professional developmentWith custom instructions you can turn an average prompts into a great prompts!2️⃣ PoeYou can find a full step by step in the carousel 👇In short, head over to poe .com and sign upThen create a new bot (I used Llama 2)Then gave it the prompt:"You are an Excel genius.You have infinite knowledge of every Excel formula and each use case.You area of expertise is corporate finance, and you've experience with using Excel to create 3 way models, the creation of budget matrices, forecast.When prompted, you are to use your knowledge to provide the best possible formulas, or potentially even VBA code to achieve the ends requested.When responding, you must break down the rationale behind the formula / code and provide instructions on how to implement it.Please ensure that before responding you clarify any missing information that's likely to affect the quality of your output."And bingo, custom Finance Formula bot in minutes.🤔 My thoughtsChatGPT-4 is technically still producing better outputs.But you’re limited to one custom instruction at a time.With Poe, you can get really good outputs.And you can also create multiple bots for different purposes.What do you think of the results?P.S - If you loved this re-share ♻🙏-----------✅Join almost 1000 finance pros turning systems into superpowers with the free Tech for Finance 1-2-3 newsletter (link in my profile)-----------➕ Follow me for more finance finance AI, automation and systems insight
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Adam Shilton
Adam Shilton is an Influencer
Top Voice | Finance Tech Consultant | AI & Automation in Finance Expert | Gartner Peer Community Ambassador
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How to train your own finance AI in under 5 mins2 methods: ChatGPT vs Poe (both FREE)- ChatGPT - Custom Instruction- Poe - Custom prompt using Llama 21️⃣ ChatGPTYou can find a full step-by-step in the carousel👇 The key is the custom instruction detail.Here’s what I used:What would you like ChatGPT to know about you?- Financial Controller- Professional services industry- Oversee month-end procedures- Responsible for budgeting and planning- Use Sage Intacct as our financial platform- Always looking for ways to reduce repeat work- Control expenditure for 6 departments (Sales & Marketing, HR, Projects and Service)How would you like ChatGPT to respond?- Challenge perspectives- As though speaking to a seasoned finance professional- Not just provide responses, but encourage the continuation of chats to provide more innovative ways of working- Provide supplementary knowledge of financial processes and precured that will help with professional developmentWith custom instructions you can turn an average prompts into a great prompts!2️⃣ PoeYou can find a full step by step in the carousel👇 In short, head over to poe .com and sign upThen create a new bot (I used Llama 2)Then gave it the prompt:"You are an Excel genius.You have infinite knowledge of every Excel formula and each use case.You area of expertise is corporate finance, and you've experience with using Excel to create 3 way models, the creation of budget matrices, forecast.When prompted, you are to use your knowledge to provide the best possible formulas, or potentially even VBA code to achieve the ends requested.When responding, you must break down the rationale behind the formula / code and provide instructions on how to implement it.Please ensure that before responding you clarify any missing information that's likely to affect the quality of your output."And bingo, custom Finance Formula bot in minutes.🤔 My thoughtsChatGPT-4 is technically still producing better outputs.But you’re limited to one custom instruction at a time.With Poe, you can get really good outputs.And you can also create multiple bots for different purposes.What do you think of the results?P.S - If you loved this re-share♻🙏 -----------✅ Join almost 1000 finance pros turning systems into superpowers with the free Tech for Finance 1-2-3 newsletter (link in comments)-----------➕ Follow me for more finance finance AI, automation and systems insight
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Nicolas Boucher
Nicolas Boucher is an Influencer
I teach Finance Teams how to use AI - Keynote speaker on AI for Finance & FP&A
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ChatGPT for Finance - Cheatsheet(100+ Use Cases)My goal is to convince all finance pros to use ChatGPT.This is why I am inviting you to register to our free masterclass for this Tuesday 5 March.Christian Wattig and I will give you insights on how to automate your processes and how to use AI in Finance.Register here: https://lnkd.in/eZheDm4Y(Sponsored by DocuWare)If you ignore ChatGPT, you are missing out.Here are 100+ use cases you can learn from me:📝 Writing1. Emails2. Memos3. Instructions4. Presentations5. Speech6. Dunning Letter7. Minutes8. Report9. Checklist10. Action Plan11. Executive Summary12. Agenda13. Proposal14. Template15. Cover Letter16. Press Release17. Notes to Financial Statements18. Project plan19. Policy Document20. User Manual📑 Draft Procedures21. Invoice Approval Procedure22. Expense Reimbursem*nt Protocol23. Monthly Closing Checklist24. Budget Management Guide25. Payroll Processing Workflow26. Cash Handling Manual27. Financial Reporting Framework28. Tax Compliance Procedure29. Vendor Management Policy30. Internal Audit Guidelines31. Credit Management Procedure32. Debt Collection Protocol33. Capital Expenditure Approval Process34. Fixed Asset Management Policy35. Investment Evaluation Procedure36. Financial Forecasting Guide37. Fraud Prevention and Detection Protocol38. Purchasing and Procurement Procedure39. Financial Risk Assessment Framework40. External Audit Coordination Procedure📊 Financial Analysis41. Cost42. Pricing43. Liquidity44. Revenue45. Cash flow46. Sensitivity47. Profitability48. Break-even49. Financial ratio50. Working capital51. Debt and equity52. Budget variance53. Capital structure54. Capital budgeting55. Financial statement56. Investment appraisal57. Risk assessment58. Cost-volume-profit (CVP)59. Financial performance benchmarking60. Return on Investment (ROI)💡 Solve complex problems61. Risk mitigation ideas62. Tax liability reduction63. Vendor management64. Inventory optimization65. Cost-saving strategies66. Cash flow optimization67. Cost driver identification68. Cost allocation optimization69. Capital investment decisions70. Capital expenditure approval71. Capital structure optimization72. Working capital management73. Sustainable finance initiatives74. Financial performance metrics75. Financial controls improvement76. Financial reporting improvement77. Financial modeling enhancement78. Foreign currency risk management79. Financial forecasting enhancement80. Financial performance monitoring⚙️ Tool teacher81. Word82. Excel83. Outlook84. PowerBI85. Powerpoint86. PowerQuery87. SAP88. Xero89. Sage90. Oracle91. Netsuite92. Anaplan93. Bloomberg94. Quickbooks95. Thomson Reuters96. Microsoft Dynamics97. SQL98. HTML99. Python100. Javascript🧠 Other use cases (see Cheatsheet below)
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Estudyinfo
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How has ChatGPT impacted the role of accountants in their day-to-day tasks?👉 ChatGPT has the potential to impact the role of accountants in their day-to-day tasks in various ways, although the extent of the impact may vary depending on the specific implementation and organization. Here are some ways ChatGPT could influence the role of accountants:1. **Automation of Repetitive Tasks:** ChatGPT can automate routine and repetitive tasks, such as data entry, basic bookkeeping, and generating standard financial reports. This frees up accountants' time to focus on more strategic and value-added activities.2. **Data Analysis and Insights:** ChatGPT's ability to analyze large datasets quickly can assist accountants in generating insights, identifying trends, and spotting potential anomalies in financial data, supporting decision-making processes.3. **Financial Reporting:** ChatGPT can help generate financial reports based on input data, streamlining the reporting process and ensuring consistency in report formats.4. **Quick Information Retrieval:** Accountants can use ChatGPT as a resource to quickly access information on accounting standards, tax regulations, and industry-specific guidelines.5. **Continuous Learning:** As AI technology evolves, accountants need to stay up-to-date with the latest developments and best practices in AI integration. Continuous learning becomes essential to effectively leverage ChatGPT in their roles.6. **Client Interaction and Support:** ChatGPT can be used as a virtual assistant to provide quick responses to clients' accounting queries, improving client interaction and support.7. **Risk Assessment and Fraud Detection:** ChatGPT's data analysis capabilities can assist accountants in assessing risks and detecting potential fraud patterns in financial data.8. **Scenario Analysis:** Accountants can use ChatGPT to explore various financial scenarios and assess the potential impact of different business decisions.9. **Efficiency and Productivity:** By automating certain tasks and streamlining data analysis, ChatGPT can contribute to improved efficiency and productivity for accountants.10. **Collaboration with Other Departments:** Accountants can collaborate with employees from other departments using ChatGPT as a tool for cross-functional financial discussions and problem-solving.11. **Advisory Role:** As ChatGPT handles routine tasks, accountants can shift their focus to providing more specialized financial advice and strategic guidance to clients and management.#Accounting#Accountant#Finance#Tax#Bookkeeping#CPA (Certified Public Accountant)#FinancialReporting#Audit#FinancialAnalysis#SmallBusinessAccounting#Budgeting#TaxPlanning#FinancialManagement#AccountingFirm
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