There are two different directions for AI in finance, says Didi Gurfinkel, Co-Founder and CEO of Datarails.

Or, your brain. 

He says: ”Using AI to extend your hands involves automating processes, making everything faster, reducing headcount shortening time to deliver, which is amazing. But it’s not a life changer. In this situation maybe you can reduce the gap between 10 employees to five employees but this will not be what will save your business or ultimately make it successful.

“The more interesting part is to look at AI as an extension to your brain. Here, I think this is a life changer. Letting the CFO or the FP&A manager have a tool that can be like an extension to the FP&A brain. If you take your analysis or approach to analyze your business, the AI can run it at scale with all your historical data, internal data and external data.”

In this episode Didi Gurfinkel talks about setting up Datarails, the FP&A the AI-powered Financial Planning and Analysis platform for Excel users and the multiple challenges and learnings along the way.

He reveals:

• Starting his career at Cisco the biggest IT company in the world (“I imagined that everything will be automated end of month – I was wrong”)

Didi was previously a GM at Cisco. He has extensive senior management experience with a focus on growth and innovation. Didi oversees business, strategy and operations. He holds a B.Sc in economics and computer science, and an MBA in business management.

Follow Didi Gurfinkel on LinkedIn: https://www.linkedin.com/in/didigurfinkel/