Tech for Finance

In this insightful episode, Adam welcomes Damien Bird, the Microsoft Cloud Architect and Power Automate Guru with over 10,000 YouTube followers. They dive deep into the world of Power Platform, demystifying the terminology and exploring the vast possibilities of Power Automate. From personal productivity hacks to enterprise-level automation, Damien shares his expertise on leveraging this powerful tool. He also provides valuable insights into the integration of AI and generative models like Copilot Studio. Get ready to unlock new levels of efficiency and streamline your workflows!    ------ SHOW NOTES ------  Watch Damien’s YouTube Videos – https://www.youtube.com/c/DamoBird365   Connect with Damien - https://www.linkedin.com/in/damobird365/   Check out Tech for Finance – www.techforfinance.com    ------ CHAPTERS ------    (00:00:00) - Intro and welcome to Tech for Finance podcast (00:00:34) - Introducing guest Damien Bird, Microsoft Cloud Architect (00:02:09) - Explaining Microsoft Power Platform terminology (00:05:12) - Getting started with Power Automate for personal productivity (00:10:48) - Discussion on Microsoft Copilot Studio and generative AI (00:19:18) - Examples of automating processes with Power Automate (00:25:58) - Suggestions for low-hanging fruit and quick wins with Power Automate (00:34:21) - Exploring Power Automate Desktop for personal productivity (00:38:06) - How to get started with Power Automate (00:44:13) - Using Process Advisor for process mining and automation opportunities (00:52:01) - Changing data formats and generating documents with Power Automate (01:00:26) - Keeping up with updates and changes in Power Platform (01:08:24) - Damien's favorite app: YouTube Studio (01:12:07) - Exploring AI apps and tools like Poe and Metaculus (01:20:22) - Closing comments and where to find Damien online 

In the age of rapid technological change, keeping up with the latest tools and trends can feel overwhelming. Dave Hartley, a technologist turned CPA, shares his insights on how businesses and individuals can navigate the AI revolution without getting left behind. He discusses the challenges of change management and the importance of being intentional about adopting new technologies. Dave also explores the generational gap in technology adoption, the potential impact of AI on the workforce, and the need for governance and risk management. He emphasizes the importance of finding the right balance between embracing innovation and ensuring security and accuracy. Whether you're a finance professional, a business leader, or simply someone interested in the future of work, this episode offers valuable perspectives on thriving in the age of furious change. Tune in for practical advice and thought-provoking insights. ------SHOW NOTES------ - Connect with Dave - https://www.linkedin.com/in/davehartley/ - Check out Anders CPA - https://anderscpa.com/ - Listen to 'But Who's Counting?' -https://open.spotify.com/show/4mieDwzhsSh44gQxRVLKXD ------CHAPTERS------ (00:00:00) - Intro: Change management challenges in the AI age (00:03:22) - Being intentional about remote work and employee experience (00:10:05) - Generational gap in technology adoption and AI acceptance (00:18:48) - Balancing innovation with security and risk management (00:27:49) - Pace of technological change and organizational readiness (00:36:42) - Governance and validation in the AI era (00:46:18) - Finding the right balance for AI adoption (00:54:19) - Dave's favorite productivity tool For more goodies, head over to www.techforfinance.com

In this episode, Adam Shilton and Mike Manalac dive into the creative side of accounting and finance. Mike, an illustrator and accounting manager at Google, shares how he incorporates drawing and visuals into his work to enhance collaboration, problem-solving, and overall productivity. They discuss the power of visual thinking, the role of technology in enabling creativity, and the future of work in a hybrid environment. Mike also offers insights into his book "No Flux Given" and shares tips for job seekers in the accounting field. Tune in for an engaging conversation that challenges traditional notions of accounting and finance. ------SHOW NOTES------ - Visit Mike's Website - www.mikefromaccounting.com - Connect with Mike - https://www.linkedin.com/in/mikemanalac/ ------CHAPTERS------ - (00:00:00) - Introduction and background on Mike Manalac - (00:03:42) - Mike's passion for drawing and incorporating it into work - (00:09:59) - Using virtual whiteboards for collaboration and visual thinking - (00:19:02) - The power of visuals in engaging audiences - (00:28:18) - Challenges and opportunities of hybrid work environments - (00:38:04) - The future of work and the role of AI - (00:48:00) - Mike's book "No Flux Given" and advice for job seekers - (00:58:22) - The importance of creativity and automation in accounting - (01:08:30) - Tools like Jeda AI for generating visuals - (01:14:05) - Closing remarks and where to find Mike For more goodies, head over to www.techforfinance.com

Join Microsoft MVP Mark Proctor and Adam Shitlon as they delve into powerful tools like VBA and Power Query, and how they can revolutionize your workflow, automating tedious tasks and streamlining processes. In this insightful episode, Mark addresses the common misconception that VBA is a dated language and explores its potential resurgence with the advent of AI. He also introduces the Unix philosophy, a framework for building scalable and maintainable automations. Additionally, they dive into the capabilities of Power Query, a powerful tool for data transformation and management. Tune in to gain valuable insights and stay ahead of the curve in the ever-evolving world of finance and technology. ------SHOW NOTES------ - Check out Excel Off the Grid - https://exceloffthegrid.com/ - Connect with Mark on LinkedIn - https://www.linkedin.com/in/markstephenproctor/ - Read Mark's hilarous LinkedIn post here - https://www.linkedin.com/posts/markstephenproctor_excel-is-not-a-database-conversation-examples-activity-7176512884670111744-NEWN - See Mark's slide deck from the Global Excel Summit here - https://drive.google.com/file/d/1Q6mw6uAq6sl5tjp1AKQtH4fG0FyRCLAH/view?usp=drivesdk ------CHAPTERS------ - (00:00:00) - Mark discusses VBA's staying power within Excel - (00:06:10) - Exploring the potential of AI to revive VBA - (00:11:00) - Importance of data structure for effective automation - (00:19:10) - Power Query: A game-changer for data transformation - (00:26:50) - VBA vs. Office Scripts: Contrasting use cases - (00:34:40) - Addressing concerns about VBA's perceived obsolescence - (00:42:30) - Leveraging Power Query for data management - (00:50:50) - The Unix philosophy: A framework for scalable automations - (01:00:20) - Embracing a modular approach to automation - (01:07:50) - Capturing ideas and staying productive on the go And for more goodies, head over to www.techforfinance.com

In this episode, we welcome Danielle Stein Fairhurst, a renowned Microsoft MVP, Author, and Corporate Trainer. Danielle shares her expertise in financial modeling, highlighting the crucial distinction between models and reality. We also delve into best practices for building accurate financial models, emphasising the importance of separating inputs from calculations and avoiding hard-coded assumptions. We also explore the role of visuals, collaboration, and lesser-known Excel functions in elevating your modeling game. Join us as we navigate the ever-evolving landscape of tech for finance. Like, subscribe, and stay ahead of the curve! ------SHOW NOTES------ - Subscribe to 'Framework Friday' - www.techforfinance.com - Connect with Danielle - https://www.linkedin.com/in/daniellesteinfairhurst/ - Using Excel for Business & Financial Modelling - https://onlinelibrary.wiley.com/doi/book/10.1002/9781119520344 - Financial Modelling in Excel for Dummies - https://www.dummies.com/book/technology/software/microsoft-products/excel/financial-modeling-in-excel-for-dummies-281721/ ------CHAPTERS------ - (00:01:39) - Danielle's experience in Saudi Arabia - (00:05:57) - Common financial modeling mistakes - (00:11:15) - Understanding financial models vs. reality - (00:16:23) - Dangers of relying on AI models - (00:21:02) - Elevating financial models for collaboration - (00:27:04) - Importance of visuals in modeling - (00:31:49) - Collecting and managing model data - (00:35:32) - Lesser-known Excel functions for modeling - (00:37:49) - Women in Financial Modeling group

In the ever-evolving world of AI chat tools, finding the right solution can be a daunting task. Fear not, as we present a comprehensive 6-step framework to help you navigate the sea of options. From budget constraints to security protocols, internet access needs, file management capabilities, data analysis requirements, and bot-building aspirations, we've got you covered. We dive deep into the offerings of industry giants like OpenAI, Microsoft, Google, Anthropic, and Mistral, dissecting their free and paid AI chat tools. But the burning question remains: Is ChatGPT still the best? Join us as we explore the pros and cons of each tool, providing expert insights and pro tips to guide your decision-making process. Stay ahead of the curve and make an informed choice that aligns with your specific needs. - (00:01:32) - Step 1: Budget considerations for AI chat tools - (00:02:17) - Step 2: Security protocols and data protection - (00:03:36) - Step 3: Internet access capabilities of AI chat tools - (00:05:38) - Step 4: File management and multi-modal capabilities - (00:06:50) - Step 5: Data analysis and visualization capabilities - (00:07:52) - Step 6: Bot-building and customization options - (00:09:13) - Example use case: CFO reviewing contracts - (00:10:06) - Example use case: Controller analyzing spend - (00:10:27) - Example use case: Finance business partner meetings - (00:11:22) - Bonus free AI chat tool recommendations - (00:13:24) - Determining if ChatGPT is still the best option For more goodies, head over to www.techforfinance.com

What does it mean to have a "good spend culture"? Howard Katzenberg, founder and CEO of Glean AI, breaks it down. We explore building financial visibility, tightening spend control, and empowering employees to make better spending decisions. Howard shares insights from his experience as both a CFO and entrepreneur on understanding unit economics, marketing to different buyer personas, and negotiating win-wins with vendors. He also advocates for finance leaders getting their hands dirty—attending planning meetings, analyzing conversion funnels, and understanding the drivers behind costs. We also explore generative AI, easy onboarding, and why you should see spend forensics as strategic rather than just tactical. ------SHOW NOTES------- - Connect with Howard on LinkedIn - https://www.linkedin.com/in/howardkatzenberg/ - Check out Glean AI - https://www.glean.ai/ ------CHAPTERS------ (00:00:00) - Introducing Howard from Glean AI (00:03:37) - Advice to CFOs on understanding business operations (00:07:00) - Analyzing marketing and sales funnel performance (00:10:26) - Defining and improving company spend culture (00:14:23) - Automating accounts payable for better visibility (00:19:52) - Using AI to benchmark supplier pricing (00:24:37) - Onboarding customers to Glean's platform (00:27:48) - Integrating Glean with existing finance systems (00:31:42) - Competing with Bill.com in AP automation (00:35:44) - Leveraging AI technology at Glean For more goodies, head over to www.techforfinance.com

In this episode of "It's Not About the Numbers," hosts Chris and Mike, along with special co-host Adam Shilton, a trailblazer in AI finance, dive deep into the role of technology in enhancing finance team efficiency, regardless of their size or budget. The discussion spans the value of benchmarking tech use in finance, the impact of automation and advanced tools, and personal anecdotes from the hosts' lives, reflecting on changes and the pace of technological adoption. The episode uniquely blends professional insights with personal stories, emphasizing the importance of technology in finance without losing sight of the human elements. ------SHOW NOTES------ Subscribe to 'It's not all about the numbers' - https://open.spotify.com/show/4znaA5D1A3eXXxXd5PTaV1 ------CHAPTERS------ (00:01:48) - Sharing what's happening in AI news (00:03:09) - Adam detailing his background (00:07:26) - Recapping busy weeks and AI developments (00:08:41) - Comparing AI models Gemini and ChatGPT (00:12:28) - Explaining Microsoft's Copilot AI offering (00:17:15) - Adam explaining his fear of advanced AI (00:21:38) - Tracing Adam's early interest in technology (00:25:41) - Visualizing Adam's work as an AI producer (00:28:03) - Asking how Adam developed communication skills (00:31:46) - Recalling a pivotal public speaking experience (00:34:37) - Answering a question on benchmarking tech maturity (00:42:32) - Sharing good and bad data (00:49:55) - Providing links to connect with Adam P.S - Don’t forget to head over to www.techforfinance.com and sign up to Framework Friday for 1 actionable tech framework you can use to stay ahead of the game.

This video talks through a 3-step framework for deploying Python in finance. ------CHAPTERS------ 1. Python Libraries https://spectacled-redcurrant-dae.notion.site/e28a304c1f034deda720dcdf42ba9ab5?v=4c851e78252c4f5e9f6b625e693f69e3 2. Library prompt https://chat.openai.com/share/c819bec9-3c65-437e-b24c-3a2b78a9210b 3. Application prompt https://chat.openai.com/share/451553fc-bb60-446e-b73b-8dfc11219217 4. Google Colab Code https://chat.openai.com/share/84f85da3-1068-4c70-b3b5-611ace9d5f15 ------SHOW NOTES------ 1. [L] Python Library **Key takeaway** - If there’s not a library for your use case, Python may not be the best option. At least not without a developer. **Pro Tip** - Use this prompt with an AI of your choice: “List some Python libraries that can be used for [Use Case] (that don't relate to the finance industry or algorithmic trading) and describe what they do.” 1. [A] Application **Key Takeaways** - It’s important to match your application to your specific use case. Online environments like Jupyter notebooks have a much lower barrier to entry that installing developer tools like Visual Studio Code. **Pro Tip** - Use this prompt with an AI of your choice: “I’m thinking of performing [use case] using a library like [library]. Is this the library you’d suggest? If so, which platform (e.g Google Colab or Visual Studio Code) would you use to deploy it?” 1. [W] Workflow **Key Takeaway -** Python become infinitely more powerful when added to day to day workflows. Have a think about where it can slot into yours. ## Putting it into practise The best way to get concepts to stick is to put them into practise. Try this: 1. Login to an AI of your choice (ChatGPT Pro or [Copilot](https://copilot.microsoft.com/) preferred as they’re better with coding) 2. Enter this prompt: “Using the Matplotlib library, generate some Python code that someone in corporate finance could use in Google Colab to get an immediate impression of the power of Python - Use dummy data within the code to avoid the need for data upload or data connection - Exclude anything to do with the finance industry or algorithmic trading.” 3. Copy the code 4. Create a new Notebook in Google Colab (login using [this link](https://colab.research.google.com/)) 5. Copy the code and hit play (top left) P.S - Don’t forget to head over to www.techforfinance.com and sign up to Framework Friday for 1 actionable tech framework you can use to stay ahead of the game.

In this episode of Tech for Finance, we interview Stephanie Mertz, co-founder and CTO of Eisen, an innovative fintech platform aiming to transform dormant account management. With deep expertise in computer science and financial technology, Stephanie shares her perspectives on leveraging AI tools to solve problems, building resilient systems, the requirement for foundational knowledge, and more. Tune in to hear Stephanie's thoughts on moving beyond traditional finance tools like Excel, considerations around automation platforms, prompt engineering in AI, and the future of generative AI. Whether you're a seasoned finance pro or just starting out, you'll come away with fresh ideas to level up your technical skills. ------ SHOW NOTES ------ - Connect with Steph on LinkedIn - https://www.linkedin.com/in/stephmertz/ - Check out Eisen - https://www.witheisen.com/ ------ CHAPTERS ------ Here is a summary of the key chapters in the transcript: (00:00:00) - Introduction to Stephanie and Aizen (00:01:41) - Stephanie's background and experience (00:03:30) - Stephanie's approach to solving problems (00:05:37) - Starting the development process (00:08:29) - Using AI tools versus Excel (00:10:40) - Criticality levels for automation (00:12:00) - Understanding code from AI assistants (00:16:07) - Backup plans for critical systems (00:20:23) - Version control and documentation (00:26:29) - Case study on using ML for sentiment analysis (00:29:07) - The need for foundational knowledge (00:31:35) - Training machine learning models (00:35:09) - Security risks from deepfakes (00:38:15) - Using Python for analytics (00:40:00) - Levels of automation tools (00:42:17) - Engineering principles for critical systems (00:49:46) - Advice on starting coding projects (00:52:31) - The future of prompt engineering (00:54:01) - One-shot vs. two-shot prompting (00:58:27) - Explaining dormant accounts and Eisen (01:00:14) - Favorite productivity tools For more goodies, check out www.techforfinance.com

In this replay of the GrowCFO show, host Kevin Appleby talks with returning guest Adam Shilton about how finance teams can use AI tools like ChatGPT. They discuss the different categories of AI tools - personal productivity enhancers, data/analytics, and enhancements to existing software. Adam outlines examples in each category, like using AI assistants for meeting notes and summaries. They also talk about the importance of simplifying and standardising processes before automation. Looking ahead, they predict increased autonomy of AI tools in 2024. Rather than just assisting, AI may be able to work towards defined outcomes with less ongoing prompting. Adam and Kevin agree that learning to frame effective prompts is an essential skill for getting the most out of AI. ------SHOW NOTES------- Check out the GrowCFO Show - https://www.growcfo.net/growcfo-show/ ------CHAPTERS------ Here are the chapters for the podcast transcript: (00:00:00) - Introduction (00:01:06) - Catching up since previous podcast (00:03:08) - Using AI tools like Otter and Fathom (00:05:09) - Explaining ChatGPT and how finance can use it (00:10:17) - Personal productivity uses for AI assistants (00:12:16) - Using AI for data analytics (00:13:22) - AI enhancements to existing software (00:14:21) - Reviewing key AI categories and applications (00:16:17) - Using AI to automate podcast production (00:18:22) - Importance of process optimization before automation (00:19:29) - Scheduling focus time with AI calendar tools (00:22:10) - AI meeting notes enable active listening (00:24:32) - Predicting increased AI autonomy in 2024 (00:26:00) - Challenges of prompting AI tools effectively (00:27:52) - AI may be able to work towards defined outcomes (00:29:45) - Limitations of existing autonomous AI tools (00:31:08) - Using specific AI bots for different tasks (00:32:28) - AI still needs clear instructions and outcomes (00:35:49) - Microsoft Copilot and other upcoming AI tools (00:38:00) - Potential costs and benefits of Microsoft Copilot (00:41:25) - Importance of process improvement before AI automation (00:43:03) - Real-world examples of process optimization (00:45:43) - AI image generation tools (00:47:22) - Framing effective questions and prompts (00:48:13) - Conclusion Check out the newsletter - https://newsletter.techforfinance.com/

More goodies at www.techforfinance.com | Listen in as we navigate the intricate dance between AI and human intuition in the realm of financial forecasting and analysis. Together with my insightful guest Martin, we dissect the irreplaceable value of human touch in financial planning. We highlight how a strategic blend of AI tools and expert knowledge can amplify our financial foresight, transforming analysts into superheroes of data. Martin shares pearls of wisdom on the importance of simple, direct questions in crafting more effective financial plans, underscoring the necessity of human connection in an increasingly automated world. This conversation also delves into the evolution of financial planning and analysis platforms, as Martin sheds light on the nuanced limitations and burgeoning capabilities of AI in this field. From discussing the potential of Python's Prophet library to contemplating the future of interaction design and anomaly detection in FP&A tools, we explore the balance between technological allure and the essential need for human judgment. Moreover, we get playful with AI's storytelling prowess, revealing how it can generate custom bedtime tales for kids, and we probe the nascent co-pilot feature in Office apps, setting realistic expectations for AI assistance in data and modeling tasks. Wrapping up our chat, Martin takes us on a detour through the realms of personal health, fitness, and the arts. We share transformative experiences with fitness apps and the quantified self-movement, reflecting on the impact of tracking and consistency in our wellbeing journeys. And for those enchanted by the intersection of creativity and technology, Martin extends an invitation to engage with his art and connect through various platforms, ensuring his insights and inspirations are but a click away. So join us for a rich blend of finance, technology, and personal growth that promises to enlighten and entertain. ------SHOW NOTES------ - Connect with Martin on LinkedIn - https://www.linkedin.com/in/martinzych/ - Check out Jirav - https://www.jirav.com/ ------CHAPTERS------ (00:00) The Role of AI in Forecasting (10:47) AI in Financial Planning and Analysis (17:18) Exploring Financial Modeling and AI Storytelling (24:13) Tech Apps and Fitness Transformations (29:17) Finding Martin's Art and Contact Information https://newsletter.techforfinance.com

Join us on this journey as we explore the groundbreaking potential of Microsoft Co-pilot in the world of finance, likening its innovative impact to the advent of the first iPhone. With esteemed guests Oli Deacon, former Microsoft finance director, and Adam Shilton, an expert in AI and finance, we peel back the layers of Co-pilot's early features and discuss how you can harness this technology. Oli brings clarity to complex topics, while Adam aims to demystify the intricacies of AI, providing you with valuable insights into how Co-pilot can enhance your financial workflows and data analysis. Listen in as we break down the transformative integration of Co-pilot within Microsoft Office, sharing practical use cases across applications like Excel, Word, and PowerPoint. Discover how this AI-driven assistant can streamline your day-to-day tasks, improve productivity, and ensure data security within your private work environment. We provide hands-on demonstrations and answer your burning questions live, promising to guide you through engaging with Co-pilot effectively, whether you're a seasoned finance professional or just looking to improve your office productivity. Finally, wrap up your experience with us as we look at the practicalities of acquiring Co-pilot for personal and enterprise use, offering tips for early adoption and maximizing its benefits for your finance team. As a bonus, stay tuned for our upcoming follow-up sessions designed to build on the knowledge shared today, with additional resources and training to unlock Co-pilot's full potential. A heartfelt thank you to our guests, Adam and Ollie, for their expertise, and to all our listeners for their engagement. Don't forget to reach out with any further inquiries, and look forward to joining us next time for more enlightening discussions. ------- SHOW NOTES ------ - Check out Grow CFO - https://www.growcfo.net/ - Connect with Oli - https://www.linkedin.com/in/olideacon/ - Connect with Dan - https://www.linkedin.com/in/dan-wells-22a98926/ - Check out the standalone AI Copilot - https://copilot.microsoft.com - Check out Copilot for Microsoft 365 - https://www.microsoft.com/en-us/microsoft-365/enterprise/copilot-for-microsoft-365 ------ CHAPTERS ------- (00:00:00) - Introduction to Microsoft Copilot and early access experience(00:02:00) - Overview of Copilot's capabilities in Microsoft Office(00:05:07) - Deep dive into Copilot's functionalities and benefits(00:09:07) - Defining Copilot and its place in AI technology(00:13:51) - Simplifying ChatGPT for professional use(00:17:24) - Practical applications and advantages of Copilot(00:20:25) - Future directions and enhancements for Copilot(00:24:04) - Getting started with Copilot: Access and setup(00:27:10) - Live demonstration: Copilot in action within Office apps(00:34:26) - Audience Q&A: Insights and clarifications on Copilot(00:38:38) - Exploring Copilot's impact on finance and accounting(00:42:24) - How Copilot integrates with data analysis and reporting(00:46:06) - Strategies for adopting Copilot in your organization(00:49:11) - Final thoughts and closing remarks on Copilot's future

Join us as we explore the ever-evolving intersection of technology and business models with our insightful guest, Dan Lawrence from Bots for that. This week, we're peering into the future with the Apple Vision Pro, an innovative AR headset that could revolutionize the way we work in finance. Microsoft's leap to ensure Office compatibility with this tech is just the tip of the iceberg. But it's not all business; we also reflect on the challenge and necessity of a tech detox, sharing personal anecdotes about the struggle to unplug in a world where digital is king. Listen in as we discuss the intriguing possibilities of AI-enabled search tools like Perplexity and Arc Search, which are set to transform how we browse the web. Imagine navigating spreadsheets with a mere glance or finding the most relevant information without wading through pages of search results. These advancements could spell a significant shift for advertising revenue models and the visibility of content online. As AI becomes increasingly integral to our lives, we question what this means for job roles and the balance between automation and human touch. Hear about the potential of AI to not just replace but augment human tasks in sales and beyond. We dive into how these technologies are becoming more personalized, capable of small talk, and learning from each interaction. We'll discuss how this impacts small and medium-sized businesses and the strategic advantages it can offer. Wrapping up, we tackle the concept of fractional learning and the benefits of embracing challenges, both professionally and personally. So, gear up for an episode packed with forward-thinking insights and lively banter with myself, Adam Shilton, and Dan Lawrence. -------SHOW NOTES------ Subscribe to the 'Tech for Finance' podcast - https://pod.link/1628188164 Subscribe to the 'Beanies in a Pod' Podcast - https://beaniesinapod.buzzsprout.com/ -------CHAPTERS------ (00:00) Apple Vision Pro (12:54) AI-Enabled Search and Job Replacement (26:07) AI in Sales and Business Augmentation (32:59) Future of AI and Job Roles (46:27) Fractional Learning (51:03) The Importance of Challenging Yourself Subscribe to the Newsletter at - https://newsletter.techforfinance.com

More goodies at www.techforfinance.com | Unlock the secrets of technology's transformative power in financial planning with our latest episode where Martin Zych, Jirav's CEO, reveals how innovative tools are reshaping the industry. Ditch Excel and discover how sophisticated platforms can propel your financial strategies into the future. Alongside Martin, we delve into his experiences as a fractional CFO and the pearls of wisdom he's unearthed in his venture capital journey—all served with a side of personal anecdotes about life as a father and outdoor enthusiast. Financial planning takes center stage as we dissect the nuances of FP&A and the burgeoning role of fractional CFOs. We navigate through the labyrinth of managing multiple clients' data and the quest for clean financial books that underpin operational excellence. Listen as we piece together the mosaic of strategic partnership, where financial professionals transcend the boundaries of number crunching to become indispensable advisors in business storytelling and decision-making. Wrap up your financial acumen with our discussion on the art of simplifying complex data. Embrace strategies that help you craft financial models balancing sophistication for the finance-savvy and clarity for the rest of the team. We share insights from Jirav's 'Success Safari' and how integrating diverse data streams can revolutionize FP&A, ensuring every decision is informed and every stakeholder is empowered. Join me, Adam Shulton, and Martin Zicc for a masterclass in financial innovation that's as enlightening as it is practical. ------SHOW NOTES------ - Connect with Martin on LinkedIn - https://www.linkedin.com/in/martinzych/ - Check out Jirav - https://www.jirav.com/ ------CHAPTERS------ (00:00) Leveraging Technology for Financial Planning (03:32) FP&A and Fractional CFO Insights (08:19) Unpacking Revenue Drivers and Sales Compensation (21:08) Financial Storytelling and Simplifying Data Analysis (29:14) Importance of Simplicity in Financial Modeling https://newsletter.techforfinance.com

More goodies at www.techforfinance.com | Listen in as we explore the dynamic intersection of artificial intelligence and finance, a domain that's rapidly evolving from its nascent stages of predictive analytics to the sophisticated applications of generative AI. We kick things off by discussing the breadth of AI tools now accessible to businesses big and small. From chatbots that can whip up Excel formulas to those that offer financial benchmarking, we cover how AI is not just for the big players anymore. Our conversation reveals how even individuals can harness these technologies for tasks like general ledger data analysis, making month-end processes a breeze and empowering problem-solving like never before. Join us as we delve into the cutting-edge integration of FP&A tools with AI platforms, taking inspiration from the groundbreaking work of finance trailblazers like Glenn Hopper. We get into the nitty-gritty of creating data visualizations through simple text commands and how live data feeds are reshaping financial forecasting. The discussion unveils the newfound agility in setting AI context and the concept of AI sourcing, which is set to redefine workforce optimization. Whether you're a finance professional or just curious about the industry's future, this conversation sheds light on the transformative capabilities of machine learning algorithms in data analysis and visualization. Wrapping up our episode, we ponder the future of AI in the finance sector and the implications for professional roles. As the industry adapts, we highlight the importance of upskilling and adopting a present-focused mindset to ease anxiety around technological advancements. Our advice to finance professionals is to embrace these tools to amplify their capabilities and productivity. Finally, we pay homage to thought leaders like Adam Shelton, who guide us through the ever-changing landscape of technology and finance, emphasizing the significance of community and early support in our collective learning journey. Tune in for a thought-provoking discussion that will leave you inspired to experiment with and integrate new technologies into your professional toolkit. ------SHOW NOTES------ Subscribe to the 'Tech for Finance' Podcast - https://pod.link/1628188164 Subscribe to the 'Finance Master' Podcast - https://audioboom.com/channels/5086131-financemaster ------CHAPTERS------ (00:00) AI Adoption in Finance (08:01) AI for Data Visualization and Analysis (19:57) Future of AI in Finance (25:01) Following Adam Shelton on Online Bin Subscribe to the Newsletter at - https://newsletter.techforfinance.com

Have you ever aimed for perfection in your financial plans, only to realize that 'good enough' might be the smarter target? Our latest episode peels back the layers of financial planning, showing that precision isn't always the ultimate goal. Dive into the conversation as we explore the limitations of perfectionism in technical work and how tools like Excel serve as a sandbox for initial financial analysis. There comes a time, however, when businesses need to grow beyond spreadsheets, and that's where Enterprise Performance Management (EPM) systems take the stage. Discover how they enhance scalability and reduce errors, proving indispensable for financial planning and analysis. Strategy and feedback form the heartbeat of effective project management, and we get strategic about how to approach it. Setting clear objectives and being open to iterative feedback are crucial, and sometimes, the 80-90% solution is the key to moving forward. We discuss the role of AI, especially large language models like GPT, in reshaping financial workflows. Learn how these advancements are not only changing the way we work but also the way we think about our tools and processes. The episode doesn't stop there—it delves into the personal side of things, sharing how hands-on practice often trumps traditional education in the financial realm. We round off this rich discussion with insights from Carl of SidemanFinancial.com, whose expertise in advisory services and mentorship truly enlightens. Karl doesn't just offer advice; he lives it, actively engaging on LinkedIn and offering resources that can turbocharge your financial savvy. His approachable style and depth of knowledge make this episode a must-listen for anyone looking to enhance their financial understanding or seeking guidance on how to navigate the complex financial landscape. Join us and equip yourself with the know-how to make informed decisions in an ever-evolving financial world. ------SHOW NOTES------ Find Carl on LinkedIn - https://www.linkedin.com/in/carlseidman/ Check out Seidman Financial - https://seidmanfinancial.com/ ------CHAPTERS------ (00:00) Choosing the Right Planning Tool (11:29) The Importance of Process and Feedback (25:30) Learning, Efficiency, and Power Query (30:05) Data Formatting and Analysis Tools (37:29) Finding More Information About Sideman Financial https://newsletter.techforfinance.com

More goodies at www.techforfinance.com | Have you ever wondered how the fast-paced world of finance technology shapes our understanding of numbers and narratives? Finance tech maven Adam Shilton joins us for an engaging exploration into the transformative role of AI in finance and accounting. With a history that leaps from music to mastering the tech world, Adam weaves a tale of innovation, emphasizing the power of data storytelling to turn complex analytics into compelling business insights. Throughout our conversation, we navigate the forest of new AI advancements, learning how to identify the true trailblazers among them—those tools that not only intrigue but also meet rigorous industry standards like SOC2. Our journey with Adam doesn't stop at tool evaluation; it's a deep dive into the heart of technology adoption in finance. As we peek behind the curtain of software demos, Adam dispels the myth of finance as a tech-laggard, revealing a sector that's embracing change as swiftly as any other, driven by a pandemic-prompted leap towards automation. We also examine the critical role of CFOs in championing these tech adoptions, and the importance of showcasing not just new technology, but its tangible value to the business. The finale of our episode with Adam is a glimpse into the not-so-distant future, where AI co-pilot tools are integrated into familiar platforms like Word and Excel. Imagine the revolutionary impact of AI assisting with everything from formulas to formatting—potentially ushering in a new era of efficiency where the once-daunting becomes approachable. We discuss the potential spike in user adoption rates and stress that the reliability of these tools is paramount for enhancing trust and user experience. Join us as we unravel the many facets of AI's evolving role in finance, led by a guide who's as fluent in tech talk as he is in the language of ledgers. ------SHOW NOTES------ Subscribe to the 'Tech for Finance' Podcast - https://pod.link/1628188164 Subscribe to the 'Finance Master' Podcast - https://audioboom.com/channels/5086131-financemaster ------CHAPTERS------ (00:00) AI in Finance and Accounting (08:20) Navigating New Technologies in Finance (13:42) Finance Software Demos and Technology Adoption (21:50) Impact of Co-Pilot on Data Adoption Subscribe to the Newsletter at - https://newsletter.techforfinance.com

More goodies at www.techforfinance.com | Could AI herald the dawn of a new age in the finance world, or are we blindly empowering a future corporate juggernaut? Together with my colleague Daniel Lawrence, we pull back the curtain on the transformative potential of Microsoft Copilot in the realm of finance and technology. As the lines between human ingenuity and artificial intelligence blur, we share our firsthand experiences with this AI-driven assistant and dissect how it's shaping our daily tasks. We're not just bystanders to innovation; we're at the helm, steering the conversation on the delicate balance between embracing AI's ease of use and preserving the indispensable human touch. Join us as we dissect the "learn, assist, do" model, painting a picture of AI as a collaborator in the learning process and a partner in productivity. We don't shy away from the tough questions, probing the ethical minefields of AI in business, from recruitment to cybersecurity. With an eye towards the future, we discuss the importance of corporate strategies that align with AI integration, and reflect on the implications of big tech's dominance on competition and consumer choice. Consider this episode a compass, guiding finance professionals through uncharted AI territory, ensuring they come out as navigators, not passengers. As we wrap up our expedition into AI's role in business, we leave no stone unturned, examining the true cost and ROI of AI adoption. We offer practical advice for IT organizations and finance departments, emphasizing the necessity for transparency, rigorous testing, and the understanding that learning to code is more nuanced than it seems. From the future of coding to the governance of AI solutions, this episode is a deep dive into the complexities and opportunities that lie ahead for the finance industry. So, tune in and equip yourself with the knowledge to make informed decisions in a world increasingly driven by artificial intelligence. ------SHOW NOTES------ Subscribe to the 'Tech for Finance' podcast - https://pod.link/1628188164 Subscribe to the 'Beanies in a Pod' Podcast - https://beaniesinapod.buzzsprout.com/ ------CHAPTERS------ (00:00) Microsoft Copilot (14:32) Using AI for Learning and Assistance (21:47) Big Corporations and AI Governance Impact (26:29) Challenges of AI in Business (39:10) Learning to Code (50:35) Implementing AI and Cost Analysis Subscribe to the Newsletter at - https://newsletter.techforfinance.com

More goodies at www.techforfinance.com | Join us on Tech for Finance as we engage with the esteemed Carl Seidman, a financial heavyweight, in a riveting conversation about the convergence of technology and mastery within the finance realm. We navigate the often irresistible human penchant for shortcuts and ponder the ramifications for those striving for excellence in their respective careers. Carl, with his profound experience in FP&A, shares his wisdom on strategic planning, forecasting, and optimizing working capital, as well as his counterintuitive views on AI and technology. Beyond finance, Carl regales us with tales of his culinary escapades and an openness to exploring unconventional local cuisine while globetrotting. **Sponsor** - Join the AI Finance Club - www.techforfinance.com/ai - Enter ADAM100 at checkout for 10% off Listen in as we unravel the complexities and limitations of artificial intelligence in the finance sector. I reflect on my own journey from a know-it-all professional to one humbled by the enormity of what I don't know, stressing the significance of pushing one another towards continuous growth and staying abreast of the latest industry knowledge. We dissect the difference between AI tools that are simply user-friendly and those that truly harness data to propel businesses forward. We also delve into the past overestimations surrounding big data, and discuss the exciting prospects of generative AI, all while acknowledging the enduring value of established financial technologies. In this enlightening session, we extend an invite to the AI Finance Club, underscoring the importance of integrating AI into financial work with prudence. Through personal stories, I illustrate the pitfalls of relying too heavily on AI without proper discernment, emphasizing the necessity for finance professionals to trust their instincts on when AI hits the mark—and when it doesn't. We also contemplate the influence of AI on junior team members and their ability to vet AI conclusions. Wrapping up the discussion, we confront the reliability of AI tools in research, comparing their capacity to provide credible data, and confront the challenge of discerning trustworthy information in an era where skepticism and verification are paramount. ------SHOW NOTES------ Find Carl on LinkedIn - https://www.linkedin.com/in/carlseidman/ Check out Seidman Financial - https://seidmanfinancial.com/ ------CHAPTERS------- (00:00) The Trillion Dollar Question (04:58) Limits of AI in Finance Exploration (15:37) Integrating AI in Finance (30:39) Evaluating Research Tools and Credible Sources Subscribe to the Newsletter at - https://newsletter.techforfinance.com