Revolutionizing Banking and Capital Markets with AI and ML
Artificial Intelligence (AI) has been around for a while, but its recent advancements are significantly transforming industries like banking. According to a banking report by McKinsey, generative AI has the potential to boost productivity in the banking sector by as much as 5% and cut global expenditures by up to $300 billion. However, this represents […]
CFO Strategies to Manage AI Risks
The rapid advancements in technology offer Chief Financial Officers (CFOs) an opportunity to harness the power of Artificial Intelligence (AI) to drive innovation and efficiency. From cost savings to skill development, AI enables CFOs to stay competitive by leveraging it for strategic growth and financial improvements. However, with these opportunities come considerations such as data […]
How to Perform Financial Analysis Using Excel
It’s important to become proficient in using Excel for financial analysis. Excel provides powerful tools that help analyze and understand financial data more effectively. Investors utilize Excel for technical calculations and accounting ratios, while corporations analyze budgets, risks, and cash flows. Options traders use it for pricing, and Excel offers a range of financial analysis […]
How to Earn Big as a CFO
Did you know? Joe Berchtold, the President and CFO of Live Nation Entertainment, earned an impressive $52.4 million in 2023, making him the highest-paid CFO in the United States. His position at Live Nation shaped the company’s strategy and financial plans, thanks to his extensive background in the entertainment industry and financial management. Many aspiring […]
10 Key KPIs for CFOs Should Track in 2024
Starting a new business is exciting, but as things move forward, you might notice the financial picture isn’t as clear as you’d like. Without tracking the right numbers, it’s like running a race without knowing the route—you quickly feel lost and unsure. Instead of focusing on growth, you end up trying to make sense of […]
8 Challenges and Smart Solutions for FP&A Teams
FP&A teams are like captains steering a ship, helping businesses through the uncertain waters of financial planning and decision-making. However, just like sailing through rough seas, these teams face many challenges that can slow down their progress. From handling too much data to making good predictions in an unpredictable market, the problems are real. However, […]
Top 6 AI Finance News Sites
Keeping yourself updated is like having a map in a confusing and unpredictable world. But with so much information out there, how can you be sure you’re getting trustworthy and useful news—especially when it comes to AI and its role in finance? Imagine learning from the brightest minds in finance and AI innovation. These experts […]
Month- End Close Checklist
Finance teams dread every month-end close, this critical period demands significant time and effort for every business. Unfinished financial documents and a disorganized FP&A team can lead to major complications during month-end book closings. An effective checklist streamlines this process, fostering teamwork and enabling focus on vital business matters. It ensures that your team has […]
10 KPIs to Measure Business Performance
Figuring out if your company is on the right path can feel like trying to find your way through thick fog. Without clear signs, it’s easy to lose focus and drift away from your goals. That’s where Key Performance Indicators (KPIs) come in—they work like a compass, pointing you toward success. By tracking the right […]
Top 8 AI Uses in Finance Adopted by FP&A Leaders
Steve Jobs once said, “Innovation separates a leader from a follower.” In finance, adopting AI is becoming a key way for businesses to stay ahead. Using AI in financial planning and analysis (FP&A) is like switching from a paper map to GPS—suddenly, the path is clearer, faster, and more efficient. FP&A leaders know that AI […]