Category: AI & Finance

Finance professionals spend too much time on repetitive tasks that AI can handle in seconds. This article covers how ChatGPT and other LLMs can transform this specific area of finance work. The key is knowing the right prompts. Below are two templates you can use with your own data today. You are a senior finance…

Contract review is one of the quiet bottlenecks of modern finance. A mid-sized company signs hundreds of vendor agreements, credit facilities, leases, and service contracts every year, and each one carries terms that affect cash flow, covenant compliance, revenue recognition, and audit exposure. Yet in most finance teams, review still happens the same way it…

Capital budgeting is where finance teams spend their most valuable hours on their least valuable work. Every acquisition, equipment purchase, facility expansion, or software investment requires the same ritual: build a cash flow model, discount it at the right rate, calculate NPV and IRR, work out the payback period, then rebuild the whole thing when…

Supply chain finance programs fail quietly before they fail loudly. A supplier receives a 2/10 net 60 offer, runs the math in a spreadsheet built three years ago, and either leaves money on the table or discounts at a rate that quietly erodes the buyer’s working capital position. Meanwhile, the treasury team is managing a…

R&D tax credit claims live or die on documentation. Under IRC Section 41, a company must show that its research activities satisfy the four-part test — permitted purpose, elimination of uncertainty, process of experimentation, and technological in nature — and it must do so for every project, every year, with contemporaneous records that tie engineers’…

Purchase price allocation is one of the most demanding exercises in the life of a finance team. Under ASC 805 or IFRS 3, every acquisition forces you to take the consideration transferred and distribute it across identifiable intangible assets, property, plant and equipment, inventory, deferred taxes, and goodwill — all within the twelve-month measurement period,…

Treasury teams rarely struggle to find exposure data — they struggle to turn it into a decision. FX and interest rate risk lives scattered across ERP ledgers, bank portals, debt schedules, intercompany loan files, and hedge documentation. By the time a controller has stitched the numbers together, the rate has moved, the board pack deadline…

Flux analysis is the part of the close that everyone agrees matters and almost no one has time for. Every month, controllers and financial analysts pull the same P&L and balance sheet variance reports, then spend hours tracing each material swing back to a journal entry, a contract, a headcount change, or a one-off accrual.…

Impairment testing under IAS 36 is one of the most demanding exercises in financial reporting. Every year, controllers and analysts rebuild the same machinery from scratch: cash-generating unit definitions, five-year cash flow projections, terminal value assumptions, pre-tax discount rates, sensitivity tables, and a reconciliation of headroom that has to survive auditor scrutiny. The calculations themselves…

IFRS 8 — Operating Segments — looks deceptively simple on paper. In practice, it is one of the most judgment-heavy standards a finance team will ever apply. The core requirement is the “management approach”: segments must be reported on the same basis that the chief operating decision maker (CODM) uses internally. That means the segment…