AI in Financial Reporting

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It has been a while since I posted, but I have been getting a lot of questions lately from clients and from my accounting students about the same topic:  Where does AI actually belong in the financial reporting process?  Everyone wants to know if they should be using it, and the honest answer is that it depends a lot on which part of the process you are talking about. I have been working with several clients on this over the last few months, plus I have an upcoming speaking session on AI in reporting, so I thought I would put some of these thoughts together here. For each point, I am also going to push back on myself a little, because I think that is a more useful way to think through this than just picking a side. Where AI is actually helping right now The clearest win I have seen is variance analysis. AI tools are good at scanning through a large number of GL lines and flagging the ones that look different from what history would predict. Think of a vendor payment that...
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A recap of Power BI World Tour - New York

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I am just returning from presenting at the Power BI World Tour in New York.  This was a great event with around 150 attendees from many different companies.  Some were experienced with Power BI and many were just getting started.

Microsoft presented a roadmap session on Power BI and showed some of the new and upcoming features.  I was excited to see Bookmarks.  This feature will allow for improved navigation through reports and really help with storytelling.  There were also other sessions on licensing, Enterprise governance, PowerApps, Flow and Azure Data Warehouse.  In addition, many partners and consultants presented sessions covering everything from basic DAX to developing a Business Intelligence Roadmap.   Of course there was also time to meet other users and a lot of learning took place at breaks and meals.

I was lucky to assist in moderating one of the closing sessions, Use What You Learned.  Many in the session were new to Power BI, but it was obvious they were very excited and they were able to leave the session with some great next steps and an action plan, so they can hit the ground running when they get back to the office.

It is not too late to catch the World Tour?
The Power BI World Tour is making a stop in 4 additional cities around the World, and there is still space available in most of the locations.  I will be presenting Data Visualization Best Practices for Power BI in San Francisco and it would be great to see you there.  Below is the remaining schedule.

  • Toronto | October 4-5
  • San Francisco | October 4-5
  • Chicago | October 11-12 (wait list only)
  • Sydney | November 6-7

What’s the price?
The registration price is $399 USD. Get your ticket early! Find out more here: https://www.pbiusergroup.com/participate/pbi-world-tour

What is the Power BI World Tour?
The Power BI World Tour is a local two-day technical conference targeted for the newbie/business user, business analyst, super user, or IT / Administrator of Power BI. Our goal is to bring value added content that is relevant and timely that will take your knowledge of Power BI to the next level, give you an opportunity to network with peers and Industry Experts, and tweak your dashboards so they give your organization the extra edge.

Need help?
Contact support@dynamiccommunities.com and we’ll get your questions answered.


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