Advantages of GPT

Alexander Hüsch (), Dirk Distelrath () and Tanja Hüsch ()

Chapter Chapter 2 in Applications of GPT in Finance, Compliance, and Audit, 2024, pp 9-14 from Springer

Abstract: Abstract The introduction of ChatGPT in finance departments can bring significant benefits by increasing efficiency and reducing the workload for routine tasks. By automating such tasks, employees can focus their time on higher-value, strategic activities. The AI-assisted processing of financial data also helps to increase the accuracy and consistency of analyses, which in turn enables informed decision-making.

Date: 2024
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DOI: 10.1007/978-3-658-45282-7_2

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