The Secret CFO (@secretcfo) 's Twitter Profile
The Secret CFO

@secretcfo

Sharing real world insights as the CFO of a multi-billion dollar company. Opinions, not advice.

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linkhttp://www.cfosecrets.io calendar_today24-07-2021 20:55:50

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The Secret CFO (@secretcfo) 's Twitter Profile Photo

🚨 Announcement 🚨 This is the one you’ve been waiting for… There is an abundance of technical and academic content out there on funding and capital structure design. But almost nothing from a practitioner's view. That will change this weekend. We’re launching a new 5-part

SMB Attorney (@smb_attorney) 's Twitter Profile Photo

Same thing with legal. AI hallucinations are the final barrier to real disruptive adoption by serious players. We’ve seen many solo lawyers now make the mistake of submitting false case law. A biglaw associate who was a whiz but occasionally fabricated stuff would be fired.

Steve Wiesner (@stevewiesnersmb) 's Twitter Profile Photo

“Who cares? It’s just a typo on page 82!” “Kid, if you can make a typo on page 82, how can I trust you didn’t hard code 2027 interest expense?” One mistake can destroy all trust, and AI is damn good at making those mistakes (and doing so in a persuasive way).

The Secret CFO (@secretcfo) 's Twitter Profile Photo

If AI can help implement a fit for purpose tech stack. That alone will be worth up to 30% of finance headcount and a huge upgrade in insight quality. So much wastage in finance functions is because of patchworked unfit systems. So the savings can be significant just by going off

The Secret CFO (@secretcfo) 's Twitter Profile Photo

Some great smart comments on this thread. Also some that show a spectacular misunderstanding of how big companies make decisions. Especially around risk, corp governance, data and controls . Simply the word ‘hallucination’ will be enough for most boards /audit committees puke on

The Secret CFO (@secretcfo) 's Twitter Profile Photo

You don’t head on an investor call without a crib sheet of key metrics (last 8 quarters + next 4-8 forecast) right in front of you. And if you are deep in the shit, then net debt would be the number on the top row of that sheet.