In the world of finance, a company’s operational resilience and financial health are largely determined by how well its working capital is managed and optimized. With ChatGPT’s extensive knowledge base and problem-solving skills, ChatGPT can be a valuable tool for finance professionals. ChatGPT provides customized insights to improve the effectiveness of financial operations. The results generated by ChatGPT are advised to be well-searched before applying in real settings. Ultimate guide to working capital optimization with ChatGPT.
Here are the prompts for reference (Working Capital Optimization with ChatGPT);
- It is essential to optimize the cash conversion cycle. Provide a list of strategies to shorten cycle times and increase working capital efficiency.
- How can we increase inventory turnover to reduce excess inventory and free up funds for other operational requirements?
- To reduce waste, increase productivity, and ultimately maximize working capital, how can we incorporate lean operational practices?
Click here to see the result generated by ChatGPT.
