Transforming finance with Generative AI

Prompt: Summarize the quarterly financial performance during FY2023 for our company, highlighting key revenue drivers.

Example output: Based on P&L data, overall revenue increased by X%. Top-selling categories were Electronics & Apparel, contributing to Y% and Z% of revenue ...

Prompt: How will a 5% decrease in COGS impact gross margin for next quarter, given no change in pricing strategy or sales volumes or any other cost fluctuations?

Example output: Based on the P&L data of the retail chain, a 5% decrease in COGS is expected to have a X% increase on gross margin for the upcoming quarter …

Prompt: Identify the largest variance between budgeted and forecasted net income figures for June 2023

Example output: The largest variance between the budgeted and forecasted net income for June is $Z, primarily due to X and Y drivers …

Prompt: Using the last two years of historical actual data, suggest some potential actions to improve our working capital

Example output: Consider a data-driven approach to inventory management. By reducing inventory levels by X% and expediting collections by Y%, working capital would improve by Z% …

Prompt: Write a variance analysis report for June 2023 comparing the actual revenue, expenses, and net income against the budgeted and forecasted figures

Example output: The largest variance between the budgeted and forecasted net income for June is $Z, primarily due to X and Y drivers …

Prompt: Take the transcript from our latest budget review meeting and summarize key takeaways and action items as bullet points

Example output: Summarized bullet points highlighting budget review takeaways and action items