FP&A Today Dave Sackett: How FP&A Can Stay Relevant In The AI Age
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May 13, 2025 Dave Sackett, Co-Founder and CFO of AIOne and AI advocate, delves into the future of finance in the age of artificial intelligence. He shares his journey from cost accountant to CFO, emphasizing servant leadership and the importance of empowering teams. Sackett discusses the pitfalls of traditional forecasting and how AI can revolutionize FP&A practices. He also highlights the essential partnership between AI and human insights, shedding light on the evolving role of CFOs as custodians of financial truth amid technological advancements.
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Servant Leadership in CFO Role
- Dave Sackett shares how adopting servant leadership transformed his role as CFO.
- He empowered his team by listening and supporting their ideas, instead of imposing orders.
Modernize Forecasting with AI
- FP&A teams should blend internal and external business drivers to create dynamic forecasting models.
- Using AI to incorporate outside influences improves forecast accuracy and company protection.
Use AI for Scenario Analysis
- Use AI to automate scenario analysis with easy "what if" adjustments.
- Train models rigorously with backtesting and data verification instead of manual number crunching.