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More InfoOctober : "Revolutionizing Construction Financial Management: AI-Driven Solutions for WIP Schedule, Profitability Reporting, and Overhead Allocation"
Oct 19, 2023 - 11:30 AM (PT) - Doubletree Suites – 320 N. 44th St. Phoenix, AZ 85008
Hosted by Valley of the Sun, Phoenix, AZ
About this Event
October Monthly Meeting
Due to having to provide a count to the venue for attendance at noon on October 16, 2023 and no ability to increase the count once given, registration is now closed.
In the rapidly evolving world of construction financial management, Artificial Intelligence (AI) is emerging as a transformative tool to enhance efficiency and accuracy. This presentation will begin with an accessible introduction to AI, demystifying its core concepts and potential applications. The focus will then shift to three specific use cases within the CFMA community: WIP Schedule, Profitability Report, and Overhead Allocation. Through real-world examples and insights, we will explore how AI can alleviate the pain points in these areas, from processing vast volumes of data to translating complex financial information for field personnel, and making precise overhead cost allocations. Join us to discover how AI can be a game-changer in construction financial management, offering innovative solutions to longstanding challenges.
Learning Objectives:
- Understand the Basics of AI: Gain a foundational understanding of AI, its principles, and how it can be applied to construction financial management.
- Explore AI in WIP Schedule and Profitability Reporting: Learn how AI can streamline the WIP Schedule process and enhance the translation of profitability reports from accounting to field personnel.
- Discover AI-Driven Overhead Allocation: Delve into the complexities of overhead allocation and how AI can provide more accurate and nuanced cost allocations, reflecting the true drivers of indirect expenses.
CFMA VoS Members: Bring a First Time Guest at no Charge. Simply email vosadmin@cfma.org with your guest's name, company and email address to get them signed up.
Huge Thank You to this Programs Sponsor!
The Construction Financial Management Association (CFMA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/