Forecasting time reduced to less than a week with AI

Medivet financial reporter states the use of artificial intelligence (AI) has reduced his forecasting process from a 46-day period to just six

Bobby Ghirrda, senior financial planning and reporting manager at Medivet told Accountancy Daily that ‘the forecasting period has been brought down from around 46 days to six days’ by using OneStream’s Sensible Machine Learning (ML) reporting system, which has been in use in the finance team for the past two years.

Ghirrda said: ‘It saves me time on the forecasting process so I can spend more time doing the analysis’. Looking forward he added that the more mundane tasks that graduates are employed to do, could be completed by OneStream AI. 

However, Ghirrda saw this as a positive for career prospects in the long run as it could possibly mean a faster process of upskilling new accountants into the industry and developing them faster. 

Your free features:

  • Breaking news and expert analysis
  • Customisable daily newsletters
  • Six free CPD learning modules each year
  • Personalised CPD tracker
  • Top 75 Firms league tables
  • Regulatory changes
  • Hardman’s Tax Data

Sign up to Business & Accountancy Daily

Related Articles
Subscribe