ProcurementExpress.com Logo
Start Free Trial
ProcurementExpress.com Logo
Book a Demo
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
/
Download File
Play in new window
  • 22.8 MB
  • 2024-02-15 14:34:47
Subscribe on

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

Ryan Chenier – The MBA Secret Most Business Owners Miss 

In this episode of The Gross Profit Podcast, James Kennedy sits down with Winnipeg-based Fractional CFO Ryan Chenier to explore how strategic financial leadership can transform a business. Ryan shares his journey from an MBA graduate to building his own dream CFO practice, and why podcasting has become an unexpected yet powerful business development tool. He explains how a process-driven approach and a focus on ROI – both in time and money – can help owners make smarter, faster decisions.

Ryan also walks through two compelling client case studies: guiding an electrical services company from startup to a lucrative sale, and helping a high-growth business overcome cash flow challenges with three-way budgeting and bank financing. From aligning teams around enterprise value to knowing when to pivot a strategy, Ryan’s insights offer practical lessons for any entrepreneur aiming to grow, scale, or exit with confidence.

Listen Now »
Merushka Chetty

Aldo Aprile -Why Restaurants REALLY Fail

In this episode, James Kennedy sits down with Aldo Aprile, CPA and founder of Aprile CPA, to explore why every fractional CFO needs a close partnership with a tax expert – and why savvy business owners should plan taxes year-round, not just at filing time. Drawing on Aldo’s upbringing in a Peruvian family restaurant, his stints at GE, AmEx, PF Chang’s and more, they dig into restaurant prime-cost math, setting performance incentives, and the critical tax-planning moves that can save entrepreneurs tens of thousands each year.

Listen Now »
Merushka Chetty

Christophe Gantzer – Swiss Expert: Your Supply Chain Will Fail

In this episode, James Kennedy sits down with Christophe Gantzer, fractional CFO and co-founder of Clear Edge, to unpack the seismic shift in ESG and sustainability reporting across Europe – and what it means for Swiss and EU businesses alike. Drawing on his 20+ years in finance and his unique perspective as a French expat in Switzerland, Christophe explains the new CSRD/ESRS framework, how non-financial KPIs are now a finance function imperative, and why risk management must expand to cover environmental and social “debts.” Along the way, he shares real-world examples – from chocolate price shocks to cyber-risk parallels – that illustrate why CFOs can no longer sit on the sidelines of sustainability.

Listen Now »