GENCFO Community Member Platform | Automation | Activity

Chris Argent posted an update in the group Automation: What do you think of this? GEN AI is being pitched as a […]

Tue, 07 Jan 2025 13:25:30 +0000

What do you think of this? GEN AI is being pitched as a game changer, but I am interested to hear how far you think it will go.

Phrases like “eliminate manual reporting creation” and “supports planning” have been around for years… it is now possible?

And can any of this stick without an operational shift from transformative leaders?

Chris Argent replied to the discussion Is transactional processing a job in 21st century? in the forum Automation

Thu, 14 Mar 2024 12:27:50 +0000

Reply to Is transactional processing a job in 21st century?

Update from the IFOL conference London. AP transactional financial benefits start at 2 head or 50-60k invoices a year.

But soft benefits are also a driver; ie CFOs may want better reporting, high value work, better compliance.

Particularly with ESG reporting growing as a requirement.

New to this? Start here

Chris Argent posted an update in the group Automation: Risks of using GENai (for fun) In a recent […]

Tue, 05 Dec 2023 13:23:07 +0000

Risks of using GENai (for fun)

In a recent product development meeting at Big Corp, the Homes department GENai bot was asked to create a new kitchen product for Christmas!

Taking the two most popular items used in the morning, this is what it created.

I hear the Big Corp elfs are busy developing this for Christmas as no one has thought of…

Chris Argent posted an update in the group Automation: Must watch! I put GENai and LLMs in our Automation […]

Sat, 11 Nov 2023 10:36:16 +0000

Must watch! I put GENai and LLMs in our Automation pillar. Here is an excellent session from Armand Ruiz, IBM on LLMs and Prompt tech – https://gencfo.codeomega.co.uk/themes/llm-the-power-behind-the-ai-chat-transforming-business-101/

👀👀👀

Chris Argent replied to the discussion Time to use ChatGPT? in the forum Automation

Tue, 19 Sep 2023 07:56:14 +0100

Reply to Time to use ChatGPT?

Q: What are the top five use cases for generative AI in the finance function?

A: When we look at some of the more publicized uses of generative AI, such as mimicking well-known authors, it might be hard to see how this can apply to a finance function. But an internally managed generative AI, as opposed to public-facing tools such as OpenAI’s…

Chris Argent posted an update in the group Automation: So get started with GEN AI, but don't as only 7% […]

Tue, 11 Jul 2023 15:58:11 +0100

So get started with GEN AI, but don’t as only 7% is automatable?!?!?!

So who do you go with, the ICAEW or the ICAEW?

Just clickbait or real progress?

Chris Argent replied to the discussion Time to use ChatGPT? in the forum Automation

Tue, 04 Jul 2023 13:18:35 +0100

Reply to Time to use ChatGPT?

How about RadioGPT? – https://listen.streamon.fm/radiogpt

Chengai Ruredzo replied to the discussion Time to use ChatGPT? in the forum Automation

Tue, 04 Jul 2023 09:17:07 +0100

Reply to Time to use ChatGPT?

@chris-a I have been using it for research and it is great. Saves a lot of time but you still need your skilled eye on every word for verification.

Marie Speakman replied to the discussion Time to use ChatGPT? in the forum Automation

Tue, 04 Jul 2023 09:03:04 +0100

Reply to Time to use ChatGPT?

RPA is a great place to start for finance teams, identifying tasks that the bots can do to take the mundane and repetitive tasks out of employees days. Also with hybrid working, employee support is important and the AI Intelligent automation platforms that offer employees self serve 24/7 support. They can navigate all software systems within…

Chris Argent started the discussion Time to use ChatGPT? in the forum Automation

Tue, 04 Jul 2023 08:25:58 +0100

Time to use ChatGPT?

I’m always sceptical when people shout about new technology as I understand the hype cycle and do not want to join the marketers of possible product, but remain a promoter of useable product.

ChatGPT is no doubt a productive tool that can boost your output in terms of writing and coding, and I think it’s time to wade in.

As a minimum I would…

Chris Argent replied to the discussion What is Automation? in the forum Automation

Mon, 03 Jul 2023 13:30:51 +0100

Reply to What is Automation?

This is what a transformational CFO is working on in Automation –

Automation Accelerator: It’s Life Jim, But not as we know it!

Chris Argent replied to the discussion What is Automation? in the forum Automation

Fri, 30 Jun 2023 08:33:32 +0100

Reply to What is Automation?

If DJs and TV presenters are worried, shouldn’t we be?

What a great GENCFOtalks about ‘The Future of the Finance Business Partner’!I wonder if Simone Goodman’s cat enjoyed it as much as we did?🤩🤔 Read more– Kira Cluer (@kiracluer) 29 June 2023

Only if you are talking to the numbers… if you are doing much more, I think you are safe, but we do need to understand the change and adapt. 👍🏻

Chris Argent started the discussion Is transactional processing a job in 21st century? in the forum Automation

Tue, 17 Jan 2023 15:17:56 +0000

Is transactional processing a job in 21st century?

I had an exchange with a young accountant today that led me to ask this fundamental question.

He was trying to understand the ‘non existent’ tech capabilities in his organisation, when everything he knows from school to personal experience is underpinned by tech.

What do you think we should be doing to automate transactional processing?

Chris Argent started the discussion What is Automation? in the forum Automation

Fri, 06 Jan 2023 17:34:16 +0000

What is Automation?

Automation is the use of technology to perform tasks without the need for human intervention. Automation can be used to control a variety of processes, including transactional processing, reporting and analysis, and communication.

There are different types of automation, including:

Discrete automation: This type of automation involves…

Chris Argent started the discussion Do we really need citizen developers? in the forum Automation

Sun, 04 Dec 2022 13:28:14 +0000

Do we really need citizen developers?

One mastermind will be about the above, do you agree?

Chris Argent posted an update in the group Automation: I see people being more important to automation than […]

Tue, 22 Nov 2022 12:06:56 +0000

I see people being more important to automation than ever… adoption, supervision, and management, all need considering – https://hai.stanford.edu/news/human-centered-approach-ai-revolution

hai.stanford.edu

A Human-Centered Approach to the AI Revolution

Scholars envision a future where people and machines are collaborators, not competitors.

Chris Argent posted an update in the group Automation: Sharing a very interesting article on the critical role […]

Thu, 21 Jul 2022 10:50:41 +0100

Sharing a very interesting article on the critical role of #humans in making sure that #AI reaches it full potential: https://www.fastcompany.com/90762918/ai-can-hurt-worker-morale-when-managers-dont-have-these-specific-skills

This is another important reminder why deeper understanding of #automation should be part of the corporate agenda.

fastcompany.com

AI can hurt worker morale when managers don’t have these specific skills

AI can improve productivity, but it can also alienate workers. Managers with strong social skills are needed to mediate between employees and technology.

Chris Argent posted an update in the group Automation: Hi All What would be the most helpful thing for you […]

Thu, 30 Jun 2022 14:40:20 +0100

Hi All

What would be the most helpful thing for you to know/learn/share about automation?

Would it be helpful to talk about automation as a broad capability or broken down by finance process?

We have a new Summit in November and want to raise as much Automation awareness and understanding as we can!

Thanks for your thoughts! 🙌

Chris Argent posted an update in the group Automation: An interesting session full of cases in […]

Thu, 09 Jun 2022 16:23:26 +0100

An interesting session full of cases in Finance- https://summit.generationcfo.com/talks/the-robots-are-coming/