AmiSight 10/8: AI Gave Me the Forecast I Wanted. Do I Trust It?
The truth is, we have never been very good at forecasting at MultiFunding. We don’t have a CFO yet, and while we have tried to forecast here and there, most of it has been educated guessing. We would look at our pipeline, think about what was likely to close and when, and try to figure out what the next few months might look like. It has never been sophisticated enough for me to feel comfortable making major decisions based on it.
AI is changing that. I regularly feed it an updated pipeline report, our latest P&L, and our updated loan closings. Then I keep asking questions, challenging the assumptions, and trying to get it to look at the information in different ways. What we are getting back is far more detailed than anything we have had before. Click here to continue reading.
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