Create Confidence Without Hiring an Army Using Generative Accounting - Sasha Orloff (Pt.1) | Ep.048

Tech for Finance

More goodies at www.techforfinance.com | Could the secret to unlocking financial confidence in businesses lie within AI-enabled accounting platforms? Sasha Orloff, the innovative co-founder and CEO of Puzzle, joins us to navigate through the world of generative accounting, revealing how outdated tools are being replaced with tech that offers real-time, data-driven insights. In an era where financial clarity is paramount, Orloff breaks down how small and medium-sized businesses can harness the power of AI to make informed decisions without drowning in spreadsheets or waiting on delayed reports. **Sponsor** - Join the AI Finance Club - www.techforfinance.com/ai - Enter ADAM100 at checkout for 10% off The world of finance and accounting is on the brink of a major overhaul, and coding skills like Python are now becoming part of the accountant's toolkit. This episode peels back the layers of traditional financial analysis, illustrating the importance of unified data models and the integration of large language models that aim to demystify complex financial rules. Orloff offers an enthralling perspective on how AI is streamlining processes and boosting the integrity of financial reporting, fostering a future where finance professionals are freed from mundane tasks to focus on strategy and growth. Finally, we tackle the strategic implications of AI in policy implementation and time management within companies. Imagine a CTO's dilemma in budgeting for technology—how can one balance the needs of the business without excess or shortfall? Sasha sheds light on how AI can simplify budget monitoring and cost allocation, enabling leaders to steer their ship with confidence and precision. Tune in to discover a new horizon where AI isn't just a tool but a transformative ally for business leaders aiming to sculpt a robust financial foundation. ------SHOW NOTES------- Find Sasha on LinkedIn - https://www.linkedin.com/in/sashaorloff/ Check out Puzzle - https://puzzle.io/ ------CHAPTERS------ (00:00) Building Metaphors (09:51) Generative Accounting for Better Business Decisions (20:13) AI's Benefits in Accounting and Finance (27:12) Python Integration in Excel, Importance of Metadata (34:57) Effective Time Management in Policy Implementation Subscribe to the Newsletter at - https://newsletter.techforfinance.com