by Brandon Reiter (Kind of)
The world is freaking out over the developments of groundbreaking A.I. applications, most notably, Chat GPT.
What exactly is Chat GPT? Luckily instead of trying to explain it with my limited technology education, I just asked it. However, it originally spat out a five paragraph comprehensive explanation that was way too long. Since I don’t want to bore you, I clarified and asked it to explain it in three sentences. Here is what it said:
“Chat GPT is a natural language processing model designed to generate human-like responses to text-based conversational prompts. It is pre-trained on large datasets of conversational text and can be fine-tuned for specific use cases, such as customer service chatbots or personal assistants. Chat GPT has become increasingly popular in recent years as businesses seek to automate customer service and support operations and improve engagement on social media platforms.”
While it said it is designed to generate human-like responses, this response seemed pretty robotic to me, but you get the point.
It’s pretty insane to think about how far we’ve come. I’m jealous that the younger generations will be able to use technology like this instead of asking Gieves.
Nonetheless, instead of being terrified by the fact the it’s only a matter of time before computers start taking over the world, I decided to use it to my advantage in the mean time and write me an article about the benefits of Fractional CFO survives, like Skyview CFO. Here’s what it said:
“Fractional CFO (Chief Financial Officer) services are becoming increasingly popular among businesses of all sizes. A fractional CFO is a financial professional who provides part-time CFO services to multiple companies on a contract basis. This allows businesses to access high-level financial expertise without the cost of a full-time CFO.
Fractional CFOs are typically experienced financial executives who have held senior positions in larger companies or have worked in a CFO capacity for smaller businesses. They provide a range of services, including financial planning and analysis, budgeting and forecasting, cash flow management, financial reporting, and strategic planning.
One of the primary benefits of hiring a fractional CFO is cost savings. A full-time CFO can be expensive, with salaries ranging from $150,000 to $500,000 per year, depending on the size and complexity of the business. In contrast, a fractional CFO can provide the same level of expertise at a fraction of the cost. Businesses can hire a fractional CFO for a few hours a week or a few days a month, depending on their needs and budget.
Another benefit of hiring a fractional CFO is flexibility. Businesses can adjust the level of service they receive based on their changing needs. For example, a business may only need a fractional CFO for financial planning and analysis during a period of growth or restructuring. Once the project is complete, the business can scale back or end the engagement.
Fractional CFOs can also provide objective insights and strategic guidance. Because they work with multiple clients, they have a broad perspective on industry trends, best practices, and potential risks. They can provide valuable advice on financial strategy, risk management, and capital allocation.
Finally, hiring a fractional CFO can free up time for business owners and executives to focus on other areas of the business. CFOs are critical to the success of any business, but they also require a significant amount of time and resources. By outsourcing CFO services, businesses can offload these responsibilities and focus on core business functions such as sales, marketing, and product development.
In conclusion, fractional CFO services are an excellent option for businesses of all sizes that need high-level financial expertise but don’t require a full-time CFO. Fractional CFOs provide cost savings, flexibility, objective insights, strategic guidance, and time savings. If you’re considering hiring a fractional CFO, be sure to choose a reputable provider with a track record of success and experience working with businesses in your industry.”
Not too bad. Thanks for saving me the time, chat GPT! Please spare me in the revolution!
