Tech Guru’s Post

"This capability is now in the hands of everyone with access to GenAI and who has received basic training on how to interact with it and is willing to experiment." GenAI is evolving rapidly and has the potential to enable CFOs to deliver valuable new strategic insights and predictive analysis to their organisations, writes Vickie Wall, Financial Accounting Advisory Services Leader at EY. Read the full article on the Accountancy Ireland website: https://brnw.ch/21wNiXc #GenAI #GenerativeAI #CFO

🚀 Let us embrace the Future of Finance: From Information to Impact 🌍📊 In today's rapidly evolving financial landscape, finance professionals are witnessing a significant transformation. Our latest AICPA & CIMA Report, Future of Finance 2.0: Re-defining Finance for a Sustainable World, introduces an innovative "Information to Impact" infinity loop that reshapes the approach to finance. 🔄 The Infinity Loop: Automation Meets Human Judgment The left side of the loop showcases how technology, including generative AI, streamlines the assembly, analysis and insight generation from financial and non-financial information. This automation frees up finance professionals to focus more on strategic decision-making, reducing time spent on data handling. 💡 Human Judgment is Irreplaceable "A professional's judgment cannot be replaced by AI. It is crucial for humans to review and analyze AI outputs, intervening when necessary." – The Digital Journey of Finance, AICPA & CIMA, 2023 👥 Elevating to Strategic Partners By leveraging technology for efficiency, finance professionals have the opportunity to evolve from decision support to active decision-making, stepping into the role of strategic business partners. The loop emphasizes the importance of human skills like communication, collaboration, and critical thinking for advising, influencing, and assessing impacts. 🌐 A Continuous Journey The infinity loop illustrates the ongoing nature of financial activities, moving from assembling information to analysis, providing insights, advising, influencing, and ultimately taking impactful actions and assessments. Let's harness these advancements, reshape our roles, and drive sustainable value creation and long-term success for our organizations. 🔗 Dive deeper into the AICPA & CIMA Report and engage in the dialogue on redefining the future of finance together! #FutureOfFinance #AICPA #CIMA #FinanceTransformation #GenerativeAI #Sustainability #StrategicFinance #Leadership #Innovation #TechnologyInFinance #ContinuousImprovement

Last week, MagnifyB's CEO, Simon Groom, spoke at the “Disruptors of the Future” panel held by pro-manchester. The panel was addressing whether we’re all struggling from “The Admin Burden”? Are we all getting too bogged down in admin to do our jobs and does this affect smaller businesses much more than the larger ones, which have dedicated admin teams? As a result, are we becoming more inward-focused, to the point where we forget about the outcomes for our clients? Listen to Simon’s thoughts on the admin burden on SMEs, the overwhelming choices that exist in our modern world and how we can move away from “business critical spreadsheets”.   MagnifyB is proud to be using AI in innovative ways to ensure that all advice, learning, articles and information are 100% tailored to each business and each business owner to reduce this admin burden. We can take the best and most appropriate information, review it for you, and ensure that what we present you with is exactly what you need to take your business to the next stage. We can also ensure that the more your knowledge grows, the more targeted conversations you can have with your accountant, coach, adviser or consultant – saving them time, and both of you money. For more information about MagnifyB, please e-mail us on contact@magnifyb.com or watch our short explainer and Early Adopter offer videos: https://lnkd.in/eCtTspav https://lnkd.in/eNVRV-9x

🌟 Did you catch the Chartered Accountants Australia and New Zealand AGM today?  I was thrilled to hear CEO Ainslie van Onselen discuss the collaboration between ACCA & #CAANZ under our Memorandum of Understanding (MOU), especially around our shared work in AI to support the accounting community.  Our next initiative? A webinar on 6th Nov: Growing Your Practice – Future Proofing with AI featuring an extraordinary panel of experts: Eriona Bajrakurtaj, Billie Mcloughlin ACCA, and myself. Each of us brings a unique approach to AI, and we're excited to share actionable insights and practical tips for getting started with AI to give your practice a competitive edge.  In this session, we’ll dive into real-world AI applications that empower accountants to step up as strategic advisors and foster firm growth. Our focus is all about practical AI use cases to boost efficiency, insights, and overall growth.  Register here: https://lnkd.in/gczY8EKx I know these panellists well – they’re phenomenal in both their expertise and the clarity with which they share it. It's set to be a valuable session. And, of course, a huge thanks to Aleksandra Zaronina-Kirillova for her brilliant work in coordinating this thought leadership content!  📝 On a side note, I noticed many AGM questions could be easily answered by the CAANZ State office. Personally, if I had an issue, I wouldn’t wait for the AGM to raise it! #AccountingAndAccountants #ACCA

DataBlend's CEO, David Furth, is at the 2024 AICPA Executive Roundtable in NYC. The AICPA Executive Roundtable brings together CEOs and leaders of technology providers serving the accounting profession to share ideas about our collective impact. Responsible AI is a common thread in many presentations and conversations. Thank you, AICPA, for bringing us all together! #ipaas #integration #financeautomation #finance #automation AICPA

Learn how to maximize insights from #GenAI with these 3 key prompting tips from Deloitte

We're excited to share that our partners Marius Jankauskas and Sigitas Ertmanas have represented us for the fourth time at ExCeL London #Accountex, the leading event for accounting and finance professionals. 🌟 Here are the key takeaways from this year's conference: 1. 𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 𝐔𝐭𝐢𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧: AI is revolutionizing the accounting industry, offering advanced solutions for data analysis, process automation, and decision-making support. 2. 𝐎𝐟𝐟𝐢𝐜𝐞 𝐏𝐬𝐲𝐜𝐡𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐂𝐥𝐢𝐦𝐚𝐭𝐞: As the return to office becomes more routine, the psychological climate is evolving. While it may no longer be the main focus, it remains a critical aspect of a productive workplace. 3. 𝐒𝐨𝐟𝐭 𝐒𝐤𝐢𝐥𝐥𝐬 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭: The emphasis on personal development is stronger than ever. Key skills include effective information seeking, leadership within the organization (irrespective of job title), and strong interpersonal abilities. 4. 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐧𝐭'𝐬 𝐑𝐨𝐥𝐞: Accountants are no longer just tax compliant professionals; they are becoming strategic partners in their clients' businesses. This holistic approach to client service was already being discussed four years ago, and now just it's becoming a reality. How do you see these changes impacting your work or business? Share your thoughts below! 💬 #Accountex2024 #AccountingTransformation #AI #Leadership #SoftSkills #BusinessPartnering #FinanceProfessionals

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🌟 Exciting News! 🌟 Join us for our next Finance Executive Club session on Thursday, March 21st, from 6pm. 📆 We're diving into the hot topic of Generative Artificial Intelligence in Finance – demystifying "Gen AI" and exploring its practical applications. Don't miss out on this insightful discussion. Request your invitation now here: https://lnkd.in/exNXeQFh #FinanceExecutiveClub #finance #financedirector #shareholder #investor #GenAIinFinance

Curious about #GenAI in the world of #Finance? Deloitte’s FinanceAI™ Dossier offers a curated collection of high-impact use cases.