February 15, 2024

It’s ALIVE!!!! AI Speaks Finance

On this episode of the Gross Profit Podcast, James Kennedy sits down with a truly unique guest – ChatGPT! James seeks to uncover how AI can be a game-changer for finance teams in saving time and money. But the discussion doesn’t stop there – it also tackles the critical questions of data security and the future role of AI in business.
The Gross Profit Podcast
The Gross Profit Podcast
It's ALIVE!!!! AI Speaks Finance
Loading
/

Show Notes

In this episode James Kennedy takes a deep dive into the world of artificial intelligence with a truly unique guest – ChatGPT, the AI language model.

James seeks to uncover how AI can be a game-changer for finance teams in saving time and money. But the discussion doesn’t stop there – it also tackles the critical questions of data security and the future role of AI in business.

What You’ll Learn:

  • AI in Finance: Discover how AI can revolutionize financial operations by optimizing processes like OCR (Optical Character Recognition) and data analysis.
  • Trust and Security with AI: An in-depth look at the measures taken to ensure sensitive financial data remains secure when using AI systems.
  • AI as a Business Ally: Understanding AI’s role in enhancing human capabilities, not replacing them, in the business landscape.
  • Historical Parallels: ChatGPT’s take on the comparison of AI to pivotal inventions like the tractor, and what that means for the future of work.

Episode Highlights:

  • “ChatGPT, how can finance teams leverage AI to improve efficiency and accuracy?”
  • “In terms of data security, how reliable is AI, and what precautions should businesses take?”
  • “You mentioned augmenting human capabilities – can you expand on how AI plays a role in this?”
  • “Do you see AI as a revolutionary tool akin to the invention of the tractor in terms of its impact on society?”

Social Snippets:

  • “It’s not about replacing people, it’s about augmenting human capabilities” – ChatGPT.
  • “It’s like having a super-efficient assistant who works 24/7 and loves crunching numbers” – ChatGPT.
  • “Is AI Frankenstein’s Monster or Man’s New Best Friend? Have a listen and decide.”

This episode is a must-listen for anyone curious about the potential and realities of AI in the business world. ChatGPT, with its ability to analyze and provide insights on a range of topics, offers a unique perspective that is both enlightening and thought-provoking.

This podcast is tagged under:

The Gross Profit Podcast

More Episodes

Merushka Chetty

Wendy Laxton – Fund Accounting Explained: Why Grant Money Gets Spent Wrong

In this episode, James Kennedy sits down with Wendy Laxton, founder of Laxton CFO Services, to unpack the “modern” version of fund accounting – how nonprofits manage restricted vs. unrestricted funds, align grant requirements with real-world operations, and avoid credibility-killing misallocations. Wendy shares how the 2008 recession unexpectedly led her into fractional CFO work, why niching down to nonprofits was a defining move, and what she’s learned from guiding organizations through system complexity – from overbuilt ERPs to intentionally “resetting” in QuickBooks and rebuilding structure over time.

Listen Now »
Merushka Chetty

Kerry Peters – Microsoft MVP Exposes the #1 ERP Mistake Companies Make

In this episode, James Kennedy sits down with Kerry Peters, Microsoft MVP and Co-Founder of New View Strategies, to unpack why so many ERP implementations fail – and how businesses can finally get the financial clarity, process efficiency, and operational visibility they were promised.

Kerry shares how her unique blend of corporate controller experience, ERP expertise, and a passion for business process has helped hundreds of companies turn struggling implementations into scalable, high-performing systems. From a publishing company with 21,000 general ledger accounts to organizations stuck in endless month-end closes, Kerry explains the root causes, the fixes, and how to prevent the pain in the first place.

She also reveals how she unintentionally built a thriving fractional CFO practice – simply by helping companies bridge the gap between software, people, and process.

Listen Now »
Merushka Chetty

Shane Bender – Agency Finances Are BROKEN – 3 Blind Spots Killing Your Profits

In this episode, James Kennedy sits down with fractional CFO Shane Bender, founder of Bender CFO Services, to dig into the financial realities of running a marketing or digital agency. Using his love of weather models as a metaphor for forecasting, Shane explains why most agency owners are flying blind on margins, cash flow, and growth targets – and how better data, simple models, and discipline can turn chaos into clarity. From client-level profitability to weekly cash planning and “smarter” goals, this conversation is a practical roadmap for agencies that want to grow without blowing up their finances.

Listen Now »