AI and FP&A: Hype vs Reality

FP&A Today

In this special episode (part of Datarails’ FP&A Con 2024) Glenn hosts an all-star panel to debate AI and FP&A: Hype vs reality.

Join Nicolas Boucher, Christian Martinez, and Gabriela Gutierrez, alongside CFO Glenn Hopper, host of FP&A Today, and an AI thought leader and author. Delve into real-world applications, separating fact from fiction, and gain valuable practical insights into the present and future of AI in financial planning and analysis.

The Guests:

• Nicolas Boucher, Keynote speaker on AI for Finance & FP&A
• Christian Martinez, Finance Analytics Manager, Kraft Heinz
• Gabriela Gutierrez, Financial Planning & Analysis Specialist

In this episode:

How many FP&A pros are using AI in their work - how do you compare vs the results of our poll

The main misconceptions + and what not to do in the finance and AI era

The significance of ChatGPT 4o

The biggest barriers to AI adoptions

Practical uses of AI to use today , including forecasting and practical ways to save time

FP&A AI use cases that have shocked the panel

Which FP&A processes could most use AI help?

How to get started practically

AI capabilities in existing tools such as PowerBI

Why 2024 is about Python as the tool to learn to break the barrier of AI

Automation in finance’s relationship with other departments

Creating your own chatbot services

The importance of data maturity (before AI maturity)

How you will start to see AI inbuilt to all your finance techstack
Download financial data (balance sheets, savings) from a company on Yahoo Finance and plug into Chat GPT 4o (Prompt: Act as a management consultant and analyze this data with an FP&A lens” (and getting volume analysis, volatility analysis, moving averages..)

FP&ACon 2024 (on demand) https://www.datarails.com/events/fpa-con-2024/

Join the AI Finance Club: https://ai-finance.club/

“Financial Statement Analysis with Large Language Models,”