ROI Calculation for AI (Artificial Intelligence) Project Excel Worksheet

Use this worksheet to summarize the Financial Benefits and Costs and calculate the Cash on Cash ROI for the AI projects.

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Description
Use this worksheet to summarize the Financial Benefits and Costs and calculate the Cash on Cash ROI for the AI (Artificial Intelligence) projects being considered after you have have competed the AI Identification Worksheet.

We know what AI is and its benefits for finance, but how can a CFO develop a plan around how to apply it in their business? To borrow a phrase from Stephen Covey, Begin with the end in mind. Visualize where you want to be and work backwards, considering what is preventing you from realizing your future today. This step will help prevent you from building AI around current systems and processes that are encumbering your digital transformation.

The next step in identifying where to invest in AI is to summarize the outputs your team creates for the company’s stakeholders. Define output as anything your team delivers to a stakeholder that they use. Examples of outputs include; invoices to customers, financial reports to management, pay checks/stubs to employees, borrowing base to the bank, work papers to the auditor, KPIs to the Board of Directors, credit information requests from vendors, accounts receivable aging report to the credit department, new project investment analysis for the CEO, productivity reports for the COO, etc.

If you have any questions or stumble along the way please reach out to us at CFO.University. You wouldn’t be here if you didn’t believe professional growth was critical to your success. We wouldn’t be here if we couldn’t help you accomplish that.

This Best Practice includes
1 Excel file