FASB studies AI use in financial data analysis
CFO Dive
MARCH 3, 2023
The surge in use of conversational artificial intelligence has prompted scrutiny of the technology’s role in financial decisions.
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CFO Dive
MARCH 3, 2023
The surge in use of conversational artificial intelligence has prompted scrutiny of the technology’s role in financial decisions.
Global Finance
MARCH 1, 2025
Chinas financial sector, from banks to brokerages, is rapidly incorporating DeepSeek, the nations champion in AI, for customer service, data analysis, and email sorting. ICBC uses DeepSeek for wealth management tasks and financial data analysis.
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Whether it was shoddy data analysis or a deliberate attempt to misinform, I found it offensive and brought the receipts as to the fundamental errors in the economic analysis. @TBPInvictus here: Last year finished with a flourish.
Maximizing Profit and Productivity: The New Era of AI-Powered Accounting
Book of Secrets on the Month-End Close
How To Break Digital Transformation Barriers And Accelerate AI Adoption
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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience
Future CFO
DECEMBER 29, 2024
The finance function must adapt to digital disruption, integrating automation and real-time data analysis to enhance decision-making processes. This includes real-time data analysis, which allows finance leaders to respond swiftly to market changes and identify growth opportunities.
Barry Ritholtz
JANUARY 20, 2025
Whether it was shoddy data analysis or a deliberate attempt to misinform, I found it offensive and brought the receipts as to the fundamental errors in the economic analysis. @TBPInvictus here: Last year finished with a flourish.
Private Funds CFO
MARCH 31, 2022
Continuing our list, we examine real-time data analysis, predictive analytics, Zoom fundraising, daily reporting and automated waterfalls.
CFO Thought Leader
DECEMBER 24, 2024
He advocates for a streamlined dashboard approach to data analysis, using their BI system “big brain” to monitor four product lines. Glazer also highlights the role of technology in automating work processes, enhancing productivity, and reducing manual tasks.
Bramasol
JANUARY 28, 2025
It achieves this by offering intelligent recommendations, personalized experiences, automated tasks, and deeper customer insights at every interaction point, all driven by data analysis within the SAP ecosystem. Set Goals: Establish clear aims for AI integration, like improved decision-making, increased efficiency, or cost reduction.
Future CFO
AUGUST 14, 2022
The study was designed to update understanding of market practice for the assurance of ESG or sustainability information globally, having reviewed 1400 companies across 22 jurisdictions.
The Finance Weekly
DECEMBER 2, 2024
In this case, you will find that not all Excel-based data analysis software tools will be compatible. Even more frustrating, it may be compatible with some of your software systems, but not all, resulting in more inefficiency you were aiming to reduce by using data analysis software in the first place.
CFO News
DECEMBER 4, 2024
Key initiatives include AI-driven quality checks, real-time data analysis, and the upcoming launch of the SAKSHAM-AI/ML platform for improved decision-making and service efficiency. Godrej Capital is utilizing Generative AI (GenAI) to enhance customer service, analyze interactions, and manage credit risk.
Future CFO
NOVEMBER 27, 2024
"The increasing use of new technology has been the post-pandemic trend with organisations maximising the power of technology to expedite their recovery, identify new ways to enhance efficiency and identify new strategies through data analysis."
CFO Selections
MARCH 4, 2024
The “branches” off each decision alternative that result use data analysis to forecast the most likely outcome of each decision. Basically, it is a visual version of an “if this then that” statement across all possible alternatives.
The Charity CFO
JANUARY 29, 2025
.” He suggests organizations should: Plant a flag with a bold vision Aim for a concrete, finite accomplishment Make the mission as crisp and clear as possible Provide an entryway for people to learn more gradually When to Refresh Your Brand Several triggers may indicate it’s time for a brand refresh: Expanding services or geographic reach (..)
CFO Plans
DECEMBER 2, 2024
Join us as we explore unique perspectives on financial reporting and data analysis, offering actionable insights for hospitality business owners seeking growth opportunities without a dedicated financial strategist. Discover Expert CFO Strategies for Hospitality Growth to unlock new opportunities and drive your business forward.
CFO Plans
NOVEMBER 4, 2024
Technology and automation are revolutionizing Strategic Financial Planning , offering advanced tools for data analysis and decision-making. Embracing Emerging Trends in Financial Planning As the financial services industry evolves, embracing emerging trends becomes imperative.
E78 Partners
JANUARY 28, 2025
Conduct Culture Assessments: Pre-close, assess cultural similarities, differences, and potential flashpoints through executive interviews and data analysis. Prioritize areas where possible via the integration process.
Future CFO
MARCH 22, 2022
With intelligent automation and augmented analytics, Soneva can largely eradicate manual, tedious processes, and instead focus time and resources on strategic value-adding tasks such as data analysis and smarter, insight-driven business decisions, Workday added.
Jedox Finance
SEPTEMBER 29, 2021
Unified tools and processes reduce data silos, decrease a risk of potential misalignment, and support better long-term business performance. Discover how a full xP&A solution can support a variety of planning methods and needs, forecasting, and allowing different types of data analysis.
Barry Ritholtz
MARCH 24, 2025
“ If you torture data long enough, it will confess to anything. Calculation: BEA Table 3.1 Line 20 (Current Expenditures) divided by Table 1.1.5 Line 1 (GDP). Alternatively, Item #2 below divided by GDP. ” – Ronald Coase Hey, it’s @TBPInvictus. investment firm.
Jedox Finance
APRIL 8, 2021
It also needs to be based on insights from data. Effective decision-making must be based on data analysis, decisions (planning) and the execution and evaluation of the decisions and its impact (forecasting). Good decision making should involve more than just a good artistic sense and strong intuition. an approved budget).
Centage
MAY 10, 2022
Planning Maestro offers the sophisticated features needed by small and mid-market organizations to integrate budgeting, forecasting, and deep data analysis within one easy-to-use, scalable SaaS solution. Bring SaaS to Your Budgeting & Planning. Watch Demo.
Future CFO
AUGUST 13, 2024
Real-time analytics Real-time analytics enables organisations to monitor transactions and user behaviour instantaneously, facilitating swift fraud detection and prevention through effective data analysis and machine learning techniques.
Future CFO
OCTOBER 2, 2024
Implementation across functions At the forefront of AI adoption, ACCA says data analysis and reporting emerges as the clear leader. In the audit space, AI offers enhanced capabilities for data analysis – enabling auditors to process information and identify outliers or anomalies more efficiently.
Global Finance
OCTOBER 7, 2024
Tanganelli: AI has the potential to revolutionize finance by enhancing data analysis, improving forecasting accuracy and automating routine tasks. I see AI evolving to become an important part of the decision-making processes, providing deeper insights and enabling more strategic, data-driven decisions.
PYMNTS
SEPTEMBER 30, 2019
However, data analysis can help change that. As he spoke with Webster, Talaga argued for the greater use of data-analysis models that enable hospitals to better determine the repayment capabilities of specific patients. That has a major downstream impact,” Talaga said.
PYMNTS
JANUARY 20, 2021
“Our goal is to provide technical and auto-billing management services for 100 million micro-business online stores in China through big data analytics, machine learning mechanisms, social network recommendations and multi-channel data analysis,” the company said in its filing.
CFO Leadership
MAY 31, 2023
Data analysis and leadership were ranked by CFOs as the most important skills for new team members, outpacing more traditional competencies like accounting and project management. Inflation moved down to the third-ranked impact, tied with the US regulatory environment at 13%.
PYMNTS
OCTOBER 15, 2020
Extend’s data analysis can also track which servicers repair broken items correctly the first time, as well as specific customer insights as to why a particular product might have malfunctioned.
PYMNTS
AUGUST 10, 2020
This means leveraging data analysis to match consumers with the payment methods they are most likely to use, and then providing them with both those payment options and interesting content. Offering local payment methods is part of the drive to provide customers with the payment methods they prefer.
Centage
SEPTEMBER 14, 2021
It replaces static spreadsheets with a cloud-based financial tool that gives role-based access to data in real time. Planning Maestro allows you to access historical, current, and future budget and forecast data in one place, with advanced features for data analysis and projections.
Collectiv
DECEMBER 16, 2024
That means that your ability to feed in the right data and interpret insights most effectively is ultimately going to determine the success of your data analysis. This is a copilot, not a pilot.
The Finance Weekly
FEBRUARY 22, 2025
The platform's robust reporting capabilities, including customizable dashboards and drag-and-drop functionalities, are frequently praised for facilitating efficient data analysis.
Future CFO
AUGUST 7, 2024
Ho notes that CFOs, with their wider lens, can lead a team to draw insights from data to address specific strategic needs. There is a clear distinction between data analysis for analysis sake (e.g.
Jedox Finance
NOVEMBER 19, 2020
The improvement in data quality follows with 53%. This finding is in line with what US-based FP&A expert Brian Kalish recently stated in his guest blog on data analysis : Data is abundant. Now it’s a matter of making it usable and analyzing it for added value. New instruments for financial management.
PYMNTS
OCTOBER 19, 2018
Standard Chartered also recently announced an initiative with Huawei to deploy Internet of Things (IoT) technology for enhanced supply chain data analysis in an effort to strengthen its trade finance offering. Reuters compared the network’s governance model to that of SWIFT ‘s, which standardizes connectivity.
Centage
OCTOBER 3, 2022
Disadvantages of Excel for Financial Forecasting While Excel is not necessarily bad for data analysis or financial forecasting, it may not be the best option available to your business. Limited Visibility To conduct financial data analysis, your business needs to test various hypothetical scenarios.
VCFO
JULY 8, 2022
Workplan analysis is led by a senior CFO or CHRO professional with deep experience in applying the tool and a full understanding of the concerns, questions, and decisions that need to be weighed. The process itself is comprised of three steps: data collection, data analysis and visualization, and findings review.
Cube Software
JUNE 4, 2024
The software offers a spreadsheet-style interface for analyzing financial data and organizing information. The software allows for easier cash flow management, balance sheets, and income statements, and offers data analysis tools.
Musings on Markets
DECEMBER 11, 2024
As our access to financial data and tools has improved, I added a short course on statistics , again with the narrow objective of providing the basic tools of data analysis.
Jedox Finance
JANUARY 23, 2020
EPM bridges the gap between these different planning silos and supports planning, analysis and reporting of business results, KPIs and more. Collection of organization-wide financial and non-financial data. Analysis and calculation of major KPIs. We can look at this as a process: . Target setting for select business drivers.
PYMNTS
SEPTEMBER 17, 2019
The hallmark of the DataVisor approach is our holistic approach to data analysis using sophisticated feature engineering and machine learning. In fact, the DataVisor GIN is powered by derived signals from more than 4.2
PYMNTS
JANUARY 2, 2020
The largest accounting firms – EY, Deloitte, KPMG and PwC – are investing billions of dollars in artificial intelligence (AI) and data technology products to change the industry in new ways, according to a report by Bloomberg Tax. We are a professional services firm, but technology is core to our future.”.
Embark With Us
JANUARY 19, 2022
Put another way, with Alteryx involved, information from disparate data sources can flow into your chart of accounts or general ledger without the manual heavy-lifting that's traditionally plagued accounting functions. And don't forget about the advantages such data integrity and immediate data analysis can have on your decision-making.
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