Description
Introduction
This course explores the revolutionary impact of generative AI on the finance industry. By examining current applications and future potentials, participants will gain a comprehensive understanding of how generative AI can transform financial operations and strategies.
Objectives
By the end of this course, participants will be able to:
Understand the fundamentals of generative AI and its mechanisms.
Identify the various applications of generative AI in different finance functions.
Assess the potential benefits and risks associated with generative AI in finance.
Develop strategies for implementing generative AI in financial operations.
Programme
Introduction to Generative AI in Finance
- Definition and capabilities
- Historical context and evolution
- Comparison with traditional AI applications
- Current state and future predictions
- Real-world examples of generative AI in use
Applications in Financial Planning and Analysis (FP&A)
- Integration of financial, operational, and commercial data
- Predictive models and real-time monitoring
- Scenario planning and impact analysis
- Automation of billing, payments, and collections
- AI-powered agents and standard operating procedures
Enhancing Financial Reporting and Compliance
- Controllership and Reporting
- Drafting financial reports with generative AI
- Automation of reconciliations, journal entries, and financial consolidation
- Continuous controls monitoring
- Anomaly detection and risk management
- Automation in tax compliance and reporting
- Data alignment and impact analysis of new regulations
Strategic Implementation and Risk Management
- Generating stakeholder materials and strategic messaging
- Data gathering and focus on strategy
- Addressing biases in AI models
- Ensuring the reliability and security of AI outputs
- Data privacy and compliance with regulations
- Evolving roles in finance with AI
- Essential skills: prompt engineering, bias recognition, quality validation
Q&A Session
- Open floor for participant questions
- Discussion on implementation strategies and best practices
Target Group
CFOs
Finance Managers
Officers and Individuals interested in AI working in banks, financial institutions, insurance and investment firms
Modalities
Course Material
The training material will be handed out at the beginning of the course.
Exam
Participants will complete a short quiz at the end of the course to assess their understanding.
Contact
For further questions please contact our partner in your country