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Finance and GenAI: managing risks and adding value

Future CFO

Gerry Chng , Risk Advisory Executive Director at Deloitte Singapore , sees that one of the key uses of Generative AI is the ability to create synthetic data to augment existing data points in a more cost-effective manner, which in turn makes it easier to conduct financial modelling and risk analysis.

Finance 97
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Uncertainty Is All Around

Fpanda Club

Various types of uncertainty can be well illustrated by the so-called Rumsfeld matrix widely used in risk analysis and risk management. From the FP&A’s standpoint the level of awareness and the level of accuracy can be used as these dimensions and then incorporated into forecasting and analysis.

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What are the Benefits of Rolling Forecasts?

Planful

Static budgets rely on set periods, a fiscal year for example, and create a fixed forecast for that period. Rolling forecasts, as an extension to financial budgeting, support periodic updating of budget assumptions, and extend the time period out beyond the end of the fiscal year. Improved Risk Analysis.

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Rootstock Teams With Nagarro To Enter Cloud ERP Market

PYMNTS

Wes Gillette , vice president of Product Management at insightsoftware , told PYMNTS that the legacy ERP solutions no longer fit every business model, as modern, specific problems in financing, cash flow forecasting and risk analysis often require new solutions.

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AI Healthcare Mkt Projected To Reach $36B By 2025

PYMNTS

The “Artificial Intelligence in Healthcare Market by Offering, Technology, End-Use Application, End User And Geography — Global Forecast to 2025″ report revealed that AI utilized in healthcare will grow at a compound annual growth rate (CAGR) of 50.2 percent during the forecast period.

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What is Financial Planning and Analysis (FP&A)?

Spreadym

FP&A is a process used by organizations to develop and manage their financial plans and make informed decisions based on financial analysis. It involves forecasting, budgeting, analyzing, and reporting financial information to support strategic planning and operational decision-making. What is Financial Planning and Analysis?

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Types of Financial Models for Greater Business Development

Spreadym

Some common types of financial models include: Budgeting and forecasting models : These models are used to estimate and plan future financial performance by projecting revenues, expenses, and cash flows over a specific period. Financial models can take different forms depending on their purpose and complexity.