Zomalex | Data and AI Training

Introduction to Generative AI for Finance and Procurement Staff

You will learn how to use generative AI models such as ChatGPT and Copilot, to help with common finance tasks.

Who Should Attend

Finance and Procurement Staff who want to learn how to use AI assistants to improve their efficiency and accuracy in typical finance tasks.

Pre-requisites

Although this is not an Excel course, since many finance tasks are done within Excel and some of the lab exercises improve and automate Excel spreadsheets with the help of AI assistants, it is useful to have a basic familiarity with Excel, for example by attending our Excel Foundation Course.

Course Length

This is a full day course.

Content

The course covers:

Introduction

The section provides an overview of Generative AI and demos examples of how it can be helpful for finance and procurement staff. It includes a tour of some current Generative AI assistants: Microsoft’s Copilot, OpenAI’s ChatGPT, Anthropic’s Claude and Google’s Gemini.

Generative AI for finance and procurement staff in transactional roles

This section covers how generative AI can help in typical tasks of finance and procurement tasks in transactional roles such as Accounts Payable or Accounts Receivable, for example:

reconciling data from different sources, e.g., purchase orders with invoices;
cleaning data, e.g., removing duplicates, making supplier names consistent
extracting key information from data e.g. extract the purchase order numbers from a list of invoices;
extract key information from an invoice or purchase order document, e.g., supplier name, amount, date, line items;

Generative AI for typical finance and procurement staff in analytic and reporting roles

This section covers how generative AI can help in typical tasks in analytical and reporting roles such as Financial Analyst or Procurement Analyst, for example:

helping to build a financial model: how to design it, lay it out, so that it is fit for purpose, readable and maintainable;
summarising long documents, e.g., contracts, terms and conditions;
generating reports from data, e.g., monthly spend reports;
drafting standard communications, e.g., emails to suppliers or internal stakeholders;
analysing financial data, e.g., identifying trends, anomalies, and insights from financial statements;

Optional section: Using Microsoft Copilot in Excel

If attendees have access to Microsoft Copilot 365 embedded within Excel, we will include this section. The benefit of this is the Copilot understands the context of the Excel workbook and can therefore provide more accurate and relevant assistance.