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Recording - Copilot Use Cases for Finance: Copilot for Microsoft 365 Starter Series

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MichaelGannotti
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Mar 18, 2024

Recording - Copilot Use Cases for Finance: Copilot for Microsoft 365 Starter Series

Session 2 of 8

In this recorded webinar Microsoft’s Nicholas Aquino and Christina Tillbrook showcase how Copilot can assist human resources professionals in HLS organizations.

Finance departments in healthcare and life sciences (HLS) organizations face many challenges in today's dynamic and complex environment. They need to manage multiple sources of data, ensure compliance with regulations, optimize costs and revenues, and support strategic decision-making. To achieve these goals, they need tools that can help them automate workflows, streamline processes, and enhance collaboration across teams and stakeholders.

That's where Copilot for Microsoft 365 comes in. Copilot is a cloud-based solution that leverages artificial intelligence (AI) and natural language processing (NLP) to provide smart assistance for finance professionals. Copilot integrates seamlessly with Microsoft 365 applications, such as Excel, Outlook, Word, PowerPoint, and Teams, and augments their capabilities with advanced features, such as data extraction, analysis, visualization, summarization, and generation.

With Copilot, finance teams in HLS organizations can benefit from the following use cases:

  • Data extraction and analysis: Copilot can automatically extract relevant data from various sources, such as invoices, receipts, contracts, reports, and emails, and convert them into structured formats that can be easily analyzed in Excel or Power BI. Copilot can also perform calculations, apply formulas, create charts and dashboards, and generate insights from the data.
  • Document creation and summarization: Copilot can help finance professionals create and edit documents, such as financial statements, budgets, forecasts, and presentations, using natural language commands or templates. Copilot can also summarize long and complex documents, such as contracts, policies, and regulations, and highlight the key points and action items.
  • Communication and collaboration: Copilot can enhance communication and collaboration among finance teams and other stakeholders, such as managers, auditors, regulators, and customers, by enabling seamless sharing of data and documents through Outlook, Teams, or SharePoint. Copilot can also generate email responses, meeting notes, and follow-up tasks, and provide reminders and notifications.

By using Copilot, finance teams in HLS organizations can save time, reduce errors, improve productivity, and deliver better results. Copilot can also help them stay ahead of the curve and adapt to the changing needs and expectations of their industry.

 



Resources:

You can see the entire upcoming Copilot for Microsoft 365 Starter series here. 

Thanks for visiting – Michael Gannotti LinkedIn 

Updated Mar 18, 2024
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2 Comments

  • m36five's avatar
    m36five
    Iron Contributor
    May 03, 2024

    I was really looking forward to this demo but the way it was presented was confusing and didn't provide the value I was hoping for. Instead of a real demo, the demo is a scripted presentation with screenshots that often don't match up with what the presenters are talking about. The first section is describing prompts and email formatting that aren't displayed. The second section is again talking about prompts in Excel that aren't shown. There are multiple times when the presenters say things like, "Now, I'll click ___," but it's just a screenshot that doesn't show any clicking, which makes it very hard to follow. 

     

    I understand that it can be difficult to do live demos, but what this demonstrated to me more than anything was that the presenters didn't trust Copilot to perform the actions they wanted to demonstrate. In trying to use Copilot myself (especially in Excel), I can understand why they were concerned. Copilot can be very finicky and often doesn't produce the results you'd expect/can't perform the tasks it suggests you request it to perform.

     

    I'd love another attempt at this demonstration where you actually perform the tasks you're talking about. If it fails, that's okay. You can just edit that out, but a live - or almost live - demo is really what we need, as users, to fully understand how to make the most of Copilot.

     

    Thanks for listening.