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Tips & Insights on Finance & AI

How smart CFOs use ChatGPT to reclaim their time

Published 14 days ago • 4 min read

Hi Reader,

I often get questions from CFOs about how ChatGPT can create more value in finance.

ChatGPT is incredibly powerful and should be integrated into your finance operations.

However, CFOs often face uncertainty about how to effectively leverage ChatGPT and how ChatGPT can augment the skills of their finance team.

Most importantly, ChatGPT will boost productivity and allow the finance teams to focus on more strategic work.

Every day, I teach finance pros and international businesses how they can use the power of ChatGPT in finance, and now, I’m sharing these insights exclusively with you.

In this edition, I will share with you the benefits of using ChatGPT for CFOs and how you can master it.

Here is what we'll cover:

  1. ​Free invitation to my next webinar on AI for Finance
  2. ​New video on how AI is Changing Finance
  3. ​Benefits of Using ChatGPT for CFOs​
  4. ​Offer of the week: 50% off the ChatGPT for Finance Video Course​
  5. Freebies of the week

Enjoy!

Nicolas

1. Finance AI webinar: the crawl, walk, run playbook

If you want to learn how the best finance teams use AI to maximize their impact, this is the right place for you.

Here's what will be covered:

  • Crawl: Understand the foundational impact AI can have on finance. Learn how to ask the right questions and create effective AI prompts.
  • Walk: Leverage generative AI with your data and integrate user-friendly, off-the-shelf AI tools into your daily operations.
  • Run: Accelerate your finance processes by using generative AI to code, create predictive models, and even build custom GPTs tailored to your organization’s data.

Join me tomorrow Tuesday October 8, 2024, at 1:00 PM ET as I will discuss with Dave Wiesenseck, Ramp's Expert-In-Residence.
​👉 Secure your seat now!​

2. Check out my latest video: AI is Changing Finance

In this video, I explain how AI is transforming corporate finance and how you can make sure to stay on top of this new shift.

I talk about the risks of not adapting, and I also break down how you can master AI and become a much more valuable asset in the finance job market.

Enjoy the video:

3. Benefits of Using ChatGPT for CFOs (Learn all the benefits here)

The top CFOs use ChatGPT in their daily work, and today, you will learn the reasons why they are using it:

#1: Boosting Productivity Effortlessly

For CFOs, time is an invaluable resource. ChatGPT helps streamline daily tasks, allowing you and your team to work faster and smarter. That helps you to focus on more strategic decisions and actions.

For instance, if you need to draft a professional email in seconds, ChatGPT can take care of that for you.

Simply provide the basic details and let ChatGPT create a well-written message tailored to your tone and objectives.

Prompt Example: Draft an Email for the Year-End Closing Preparation Process

Goal: As we all know, the year-end closing process requires strong communication between all the departments. That can be draining and cost you a lot of valuable time.

Prompt: "I am a CFO, i need to write to all departments to request their help to prepare the year-end closing.

Please draft an email asking the standard information we need from the business to be able to close and have the information needed for our internal controls."

Result:

#2: Help you with Financial Planning and Analysis

Creating performance plans is a vital part of FP&A, and ChatGPT helps you precisely develop these plans.

Whether it's analyzing sales trends, evaluating vendor performance, or identifying process improvements, ChatGPT provides valuable insights to enhance your financial planning process.

Prompt Example: Create A Cash Flow Forecast

Goal:

To create a comprehensive cash flow projection including detailed sections on beginning cash balance, cash inflows, cash outflows, and ending cash balance. This allows CFOs to anticipate future cash positions and make informed decisions regarding liquidity management.

Prompt example:

"I am the CFO of a manufacturing company, i need to put in place a 13 week cash flow forecasting.

Draft the plan and the model to build for me and my team.

Then explain how to do it in Excel in a real detailed way and with the formula and graphs we need."

Result:

Learn the remaining benefits of using ChatGPT for CFOs and the rest of the prompt examples in my website article.

Count down to 2024-10-11T07:00:00.000Z​

Worried about your own job? You’re not alone.

This is the #1 question I get from finance pros. Maybe you're drowning in time-consuming tasks, feeling like you can’t keep up with everything that lands on your desk.

Here’s the reality: AI is transforming finance faster than anyone anticipated. If you don’t adapt, you risk being left behind. Don’t expect your colleagues or boss to step in - they’re likely struggling to keep up, too.

No one will do it for you. It's up to you to take control of your career and become an AI expert in finance. That’s exactly why I created the ChatGPT for Finance Video Course.

What will change after completing the course for you:

  • Boost Efficiency: Automate those repetitive tasks, freeing up your time for what really matters
  • Enhance Decision-Making: Learn how to leverage AI for more accurate and faster financial analysis
  • Stay Ahead: AI isn’t going anywhere. This course will arm you with cutting-edge skills that will make you indispensable

I’ve trained over 5,000 finance professionals, and now, I'm sharing that same expertise with you in this one-of-a-kind course.

What you’ll learn:

  • How to get started with ChatGPT—step-by-step.
  • How to use ChatGPT for financial analysis and Excel formulas.
  • How to create emails, procedures, and more with ChatGPT
  • How to get the most out of ChatGPT and become faster at using it

And here’s the kicker - I’m offering 50% off for the next 4 days only. This deal won’t come around again, so act fast!

Don’t let this opportunity slip by!

​Invest in your future today and save 50% off!​

5. Freebies of the week

How is ChatGPT helping you in your daily work?

Let me know!

​

Nicolas

​

P.S.: Think of the ChatGPT for Finance Video Course as your backstage pass to an AI-driven career in finance. Secure your lifetime access now with 50% off - because the best finance pros don’t wait for change; they lead it.

Count down to 2024-10-11T07:00:00.000Z​

Tips & Insights on Finance & AI

by Nicolas Boucher

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