CEO & CFO, Turnaround consulting, Fractional CFO, CPA Canada…….
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Benjamin Joseph
CEO & CFO, Turnaround consulting, Fractional CFO, CPA Canada
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FTUL
Welcome to our finance tech series. Let’s welcome Akriti Das from Merkle Science.
Benjamin Joseph
Thank you! I’m Benjamin, a CPA from Canada and the CEO & CFO at Turnaround Consulting. My journey in finance has spanned over 20 years, specializing in strategic financial transformation, helping companies stabilize and grow through effective turnaround solutions.
FTUL
How do you think AI and automation will impact your company’s financial operations and reporting processes in next three to five years?
Benjamin Joseph
AI and automation are going to revolutionize turnaround consulting. They allow us to handle data-intensive tasks—like financial analysis, forecasting, and real-time KPI tracking—with greater precision and speed. Over the next few years, I expect that automation will help reduce the time spent on repetitive tasks, allowing CFOs to focus more on strategic initiatives, value creation, and providing actionable insights. AI’s predictive capabilities will also be a huge advantage, particularly in financial restructuring, by improving decision-making through faster access to accurate data.
FTUL
What financial metrics or KPIs have seen the most improvement due to AI and automation implementations currently.
Benjamin Joseph
Metrics like cash flow forecasting accuracy, debt ratio management, and revenue growth projections have improved significantly. AI-driven tools allow us to closely monitor financial health in real time, which is crucial in turnaround scenarios. Automation helps streamline reporting and enhances visibility into financial metrics, making it easier to identify areas of improvement early on.
FTUL
Can you share an example of a successful AI or automation project that significantly improved financial operations?
Benjamin Joseph
Absolutely. We recently implemented an AI-based cash flow management tool for a client undergoing restructuring. This tool analyzes cash inflows and outflows, projects future cash positions, and provides actionable insights to optimize cash usage. The impact was significant—it not only improved cash flow visibility but also reduced forecasting errors by almost 30%, giving the client better control over their finances. This project demonstrated the power of AI to enhance financial resilience and strategic planning.