How to use ChatGPT to more accurately forecast financial metrics

Using ChatGPT to assist financial forecasting is a game changer IMO.

Discovered this during the week. You don't need to have a high competency in accounting nor mathematics to produce great results IMO.

All I did was firstly attach the latest 4c report. Then prompted ChatGPT to do the rest. See example:

I asked it to forecast when profitability may occur using the December 4c financial metrics.

This assumes that they only achieve half their Swiftstatment onboarding targets. Start from January of 833 members added linearly per month. The first month being free and first payment therefore being received after two months. Assume costs remain constant.



So there you have it, this example suggests profitability will be achieved in June, in 3 months time. ChatGPT produced a much more detailed breakdown but I've only supplied the conclusion. If they are somehow reaching their onboarding target profitability is imminent.

Feel free to plug in your own numbers and assumptions and see what you come up. You might like to add possible Carpet Court SOE revenue, Capricorn DSD payments, revenue from the unknown deals etc.

Now SPENDA, show us some Swiftstatement metrics in the 4c in a few weeks yeah?

Warmest regards,

PD

DYOR using ChatGPT for assistance IMO.