Copilot AI for Finance
Copilot AI became one of the most highly anticipated technology releases in recent decades and was finally made available for everyone to use.
Microsoft Copilot transformed numerous finance activities, encompassing the month-end financial close process, decision support activities, and management reporting. It emerged as an essential and affordable AI technology that financial professionals have come to appreciate.
Its conversational AI platform enabled finance professionals to interact with data and insights using natural language. Copilot AI was capable of understanding complex queries, generating reports, providing recommendations, and answering questions in real-time.
In the session, subject matter expert Christian Martinez demonstrated how Copilot AI could be applied to various Finance scenarios, including budgeting, forecasting, managing outcomes, business partnering, board reporting, and beyond.
Here are the highlights:
- Christian Martinez provided an introduction to artificial intelligence and when it can be used in finance, accounting, and FNA. This includes simplifying complexity, generating new knowledge, and saving time.
- The main components of the Copilot ecosystem were discussed, including Copilot in Office 365 applications like Word, PowerPoint, Excel, and the Copilot Chatbot.
- Examples were given of how to use Copilot in different Office applications and how the backend works. Prompting frameworks for talking to Copilot were also shared.
- Attendees learned how AI is impacting finance, accounting, and FNA roles through suggestion, execution, and learning from feedback in a cycle. Early user insights on productivity, quality, and focus were shared.
- Other AI tools available apart from Copilot were discussed in a matrix based on ease of use and feature level. Steps to prepare organizations for AI like data, talent, tool selection, and change management were covered.
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