CFOs – What Language Do You Teach In?
On Andrew Codd’s podcast, The Strength in the Numbers Show, we had an interesting discussion on a key skill that helps financial professionals grow into business leaders.
How to Make a Difference With the 3 Languages of Finance
The foundational language of business is based on accounting and finance principles. It is the universal language that connects all companies, industries and even economies. A strong grasp of this language is critical to building a successful career in accounting, finance or treasury (AFT). “Seeing” the economic essence of a company by glancing at the financial statements is gift finance professionals don’t give ourselves enough credit for. So first, don’t underestimate the value your training and hard work as a professional brings to your company. Have an opinion based on facts and let it be heard.
Get Ready for Artificial Intelligence
Billions are being invested into Artificial Intelligence (AI) applications, research, etc. Find out why companies are spending so much and start your AI journey by completing the Assignments built into Dave’s presentation.
For Chief Financial Officers: A Practical Approach to Using Artificial Intelligence - Part IV
There are four major investments you’ll need to make to use AI successfully in your business.
1. Develop an AI Strategy: This investment is about learning how to apply AI to your activities and selecting your best course of action. Consider using outside experts to help augment your thinking in this area if you are just starting your AI journey.
For Chief Financial Officers: A Practical Approach to Using Artificial Intelligence - Part III
Now that we know what AI is and its benefits for finance, how can a CFO develop a plan around how to apply it in their business? To borrow a phrase from Stephen Covey, Begin with the end in mind. Visualize where you want to be and work backwards, considering what is preventing you from realizing your future today. This step will help prevent you from building AI around current systems and processes that are encumbering your digital transformation.
