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Eric Siu demos an AI tool that analyzes your financial reports and runs scenario models to find cost cuts. On its first run, it identified $500K in savings across the business.
Eric Siu demos an AI tool that analyzes your financial reports and runs scenario models to find cost cuts. On its first run, it identified $500K in savings across the business.
My AI CFO saved us $500 grand on its first run. Stay till the end and we'll actually share the skill with you. But first, the financial problem set around you is that reality is you might be double spending on software, you might be spending too much on contractors. It will look for all the patterns and it'll understand your business. And then based on the research it's done, then it will tell you exactly what you should be cutting, why you should be cutting it, and then it'll even prioritize The cuts for you. So here's how it looks. Basically, it will ingest the reports that you have, like your P&L, your balance sheet, all these different things over here. And then from there, it'll run the analysis and then it'll run all these scenario models, right? So base case, bull case, bear case. So it'll do projections for you. It'll have these emoji status signals as well, uh, that can show you where you are red, green, or yellow. Then you can talk it through with the finance people on your team to figure out what you should be optimizing. But literally, I ran this and I made those cuts within 3 days. Now typically this is something that would take a couple days, maybe a couple weeks or so from someone working on this. And let's say you have a controller on your team, it's definitely going to take a little bit of time to do the analysis. Or the other thing is you can pay someone else to do it, but it might cost you 5 figures, maybe even more, just depending on how big your company is, maybe 6 figures or even 7 figures or so. So I would just say that if you're looking to save a lot of time, you can run this and then run this by whoever's handling finances for you. And then just get the job done a lot faster. So if you want access to this, just comment skills and we'll get you access to the Skills Dojo that has this skill and a bunch of other skills.
