Excel for CFOs’ Post

AI Forecasting for FP&A Credits to Christian M., follow him for more valuable content on AI for finance. --------------------- Here's the original post: One of the key tasks of FP&A teams is forecasting. How can you use AI for that? I created this guidebook on one hashtag #AI algorithm for finance and FP&A - Prophet. Prophet can help you simplify your forecasting with automatic trend and seasonality detection, making it a fantastic tool for FP&A professionals just getting started with AI for hashtag #finance. And it is free to use! Message me or comment Prophet for FP&A if you want me to send you the file with the code. In this guide you'll learn: ✅How does your data needs to look like to use Prophet ✅How to automate your forecasting process with new data coming ✅How to visualize and present to stakeholders ✅How to build a dashboard with your insights from Prophet ✅How to incorporate holidays and special events into your forecast --------------- Follow AI Finance Club to continue learning about AI for finance.

Imagine a financial analyst tasked with explaining deviations in monthly variance. The process goes a little something like this: 1. Manually extracting data from disconnected systems. 2. Cleaning and standardizing the data. 3. Calculating variances using error-prone, manual formulas. 4. Creating static variance reports by hand. 5. Emailing reports to stakeholders and scheduling meetings to talk about the numbers. Sounds pretty labor-intensive, right? Not only that, but it can open up organizations to risk (and financial hemorrhaging) if they're not able to spot key root causes and drivers of variances. Enter AI-powered variance analysis, which leverages #AI to transform how organizations can uncover and act upon financial insights. Read all about it here: https://lnkd.in/e-q6GVFJ

Making informed financial decisions has always been a priority for professionals in the finance industry. With the integration of AI, these decisions can now be backed by data-driven insights and predictive modeling. 📊🔍 Here are three powerful AI tools you should consider integrating into your financial strategy: 1. Tableau with Einstein Discovery: This integration allows you to visualize and analyze financial data in real-time. With AI-powered analytics, you can uncover deeper insights, identify hidden patterns, and make more accurate predictions 📈 2. DataRobot: Known for its predictive modeling capabilities, DataRobot enables finance professionals to create sophisticated models without requiring extensive coding skills. It’s perfect for forecasting market movements, optimizing investment strategies, and gaining a competitive edge 🔮 3. MonkeyLearn: This NLP-based tool helps you analyze financial sentiment by processing large volumes of unstructured data, such as news articles and customer feedback. It’s an excellent way to stay ahead of market trends and gauge public sentiment towards your brand or investments 💬 💡 Have you incorporated AI tools into your financial decision-making process? Which tools have had the most impact? Share your experiences and let’s discuss how AI is transforming finance! 💬👇 #FinancialDecision #AIForTaxes #FinancialEfficiency #AIAutomation #TaxFilingSimplified #FutureOfAccounting

Copilot in Finance How can you use AI Copilot for Financial Analysis? PS. Join the AI Finance Club 5-day trial and explore some of AI Finance Club's most valuable members-only content: https://lnkd.in/euPYzZmk Here are the use cases: 1. Excel • Create a formula to calculate the Net Present Value (NPV) of a series of cash flows. • Explain how to use a Pivot Table to summarize your data. • Generate a graph showing data insights. 2. PowerPoint • Helps to create a presentation from scratch. • Add a relevant stock photo picture to make your slide more enjoyable. • Provide tips on how to create an engaging presentation. 3. Word • Help draft a professional procedure. • Explain how to use Word’s referencing features to manage your document sources. • Provide a template or an example of a business proposal. 4. Outlook • Draft a reply to an email for you • Guide on how to set up an automatic reply for when you’re out of the office. • Summarize email for you. 5. Teams • Make the minutes of a meeting • Summarize a discussion • Ask which questions are unresolved -------- 💡 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

Utilizing an AI Copilot for financial analysis can streamline various tasks and enhance productivity in different areas of finance. Here’s how you can leverage AI Copilot for financial analysis across different tools and platforms: 1. Excel: • NPV Calculation: AI Copilot can assist in creating formulas to calculate Net Present Value (NPV) for cash flow analysis. • Pivot Table: Provide guidance on using Pivot Tables to summarize and analyze financial data effectively. • Data Visualization: Generate graphs and visual representations of data insights to aid in decision-making processes. 2. PowerPoint: • Presentation Creation: Assist in creating professional presentations from scratch, including layout, design, and content organization. • Visual Enhancements: Suggest relevant stock photos or graphics to enhance the visual appeal of slides. • Presentation Tips: Provide tips and best practices for creating engaging and impactful presentations. 3. Word: • Professional Documentation: Help draft professional procedures, financial reports, or other business documents. • Referencing Features: Guide on utilizing Word’s referencing tools to manage document sources and citations effectively. • Templates and Examples: Offer templates or examples of business proposals, reports, or other financial documents. 4. Outlook: • Email Management: Assist in drafting replies to emails, summarizing email content, or setting up automatic replies when out of the office. • Time Management: Provide tips on managing emails efficiently and prioritizing important communications. 5. Teams: • Meeting Minutes: Generate meeting minutes based on recorded discussions and action items. • Discussion Summaries: Summarize key points and unresolved questions from team discussions or meetings. • Task Management: Help track unresolved questions or action items to ensure follow-up and closure. By leveraging AI Copilot for financial analysis across these use cases, finance professionals can enhance their efficiency, accuracy, and decision-making capabilities. AI technology can assist in automating routine tasks, providing insights, and improving collaboration within financial teams, ultimately leading to more effective financial analysis and decision-making processes.

Parsing financial reports just got smarter—here’s how I tackled Meta’s 2023 10-K report with precision and efficiency! 👉 LlamaParse with AutoMode: I enabled AutoMode in LlamaParse from LlamaIndex by setting it to true, defaulting to standard parsing mode. For pages containing tables or images, I added triggers to switch to Premium mode for advanced parsing when necessary. This approach ensures advanced parsing is applied only where it’s needed, while standard parsing efficiently handles the rest. 👉 LLMs: I used OpenAI’s text-embedding-3-small for embedding and gpt-4o-mini to generate the final output. 👉 Use Case: I uploaded Meta’s 2023 10-K financial report—a 147-page document with a mix of tables, charts, and text-only pages. It’s a great example showcasing the power of LlamaParse AutoMode in handling diverse content types. 👉 RAG Pipelines: I implemented two Retrieval-Augmented Generation (RAG) pipelines: 1- Simple Pipeline: A single VectorStoreIndex to embed the content for retrieval (top similarity = 5). 2- Advanced Pipeline: Combined two indexes: ▪️ SummaryIndex for summarizing content. ▪️ VectorStoreIndex for retrieving relevant chunks based on user queries. Additionally, I included a router to dynamically choose the appropriate index based on the user query’s nature. 👉 Key Takeaways: ▪️ Precision: AutoMode clearly indicates which pages are processed with advanced parsing. ▪️ Effectiveness: Data is accurately extracted, even from complex charts. ▪️ Efficiency: RAG pipelines deliver excellent results when paired with high-quality input data. This workflow showcases the power of combining smart parsing, LLMs, and tailored RAG pipelines to tackle complex documents. — Enjoy this? ♻️ Repost it and share it with your network. ---- Have a look on my Xmas gift: https://lnkd.in/e7re4tjf ---- Sign up for the waitlist for the AI Agents in Finance Course: https://lnkd.in/edyFe-pe

Copilot in Finance How can you use AI Copilot for Financial Analysis? PS. Join the AI Finance Club 5-day trial and explore some of AI Finance Club's most valuable members-only content: https://lnkd.in/euPYzZmk Here are the use cases: 1. Excel • Create a formula to calculate the Net Present Value (NPV) of a series of cash flows. • Explain how to use a Pivot Table to summarize your data. • Generate a graph showing data insights. 2. PowerPoint • Helps to create a presentation from scratch. • Add a relevant stock photo picture to make your slide more enjoyable. • Provide tips on how to create an engaging presentation. 3. Word • Help draft a professional procedure. • Explain how to use Word’s referencing features to manage your document sources. • Provide a template or an example of a business proposal. 4. Outlook • Draft a reply to an email for you • Guide on how to set up an automatic reply for when you’re out of the office. • Summarize email for you. 5. Teams • Make the minutes of a meeting • Summarize a discussion • Ask which questions are unresolved ------- 💡 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

Use AI in finance #Corporate #Finance #AI #Skill

From Research to Pivot Table in 3 Minutes! 😎 1. Ask Gemini: Use a clear prompt to get the data you need (e.g. "List all Fortune 500 companies and their headquarters"). 2. Copy & Paste: Pop the data straight into Sheets! 3. Pivot Power: Use the magic of Pivot Tables (Smart Menu > Pivot table) to analyze your data in seconds! Sort by country, industry, or anything you need! 💡 Bonus Tip: Worried about accuracy? Click the "Google" icon at the bottom for Gemini to double-check! Make sure to save and share this post if you find this helpful. #Ai #aitools #aitips #ArtificialIntelligence #aiassistant #virtualassistant #virtualassistantservices #staffingsolutions #blackentrepreneurs #fempreneurs #blackowned #smallbusiness #ImmabeaQuiva #quisupportsolutions

How Will Business Intelligence Tools Shape the Future of Financial Analytics? Question: How are business intelligence tools shaping the future of financial analytics? Answer: Business intelligence tools are shaping the future of financial analytics by enabling organizations to harness the power of big data, automate complex analysis, and deliver insights with speed and precision. As BI tools become more advanced, we can expect greater integration with AI, machine learning, and real-time data streaming, leading to even more accurate forecasts and data-driven strategies. What impact do you think BI tools will have on the future of finance? 👉 Like if you’re optimistic about the future of BI tools! 👉 Share to inspire others! 👉 Comment with your thoughts on the evolution of financial analytics! #MDMarketInsights #businessanalysis #capitalmarkets #financeindustry #financialservices #investmentanalysis #TradeFloor #dataanalytics #riskmanagement #tradingstrategies #marketresearch #investmentmanagement #assetmanagement #fintech #regulatorycompliance #portfoliomanagement #derivatives #marketanalysis #financialtechnology #quantitativeanalysis #investmentstrategy #businessintelligence #financialinnovation #economicanalysis #hedgefunds #privateequity #TradingSystems #datascience #riskanalysis #financialdata