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Back to The New CFO: How AI Is Rewriting the Finance Function | Figma CFO Praveer Melwani, with Praveer Melwani & Seema Amble.

Why Does Figma's CFO Still Use Excel?

Praveer Melwani says Excel is not under threat. It is his love language, the way he builds trust and understanding, and the models are not quite good enough to create a forecast or a model.

He grew up in Excel and still uses it to organize his thoughts and run an analysis because of the spatial organization. A lot of the output people are still creating is a model, and that model could be hosted somewhere else, but he wants a tool for refining his understanding and playing with the work by hand. He ties the habit to Figma. Prompting and natural language can take an initial stab at a first draft, and sometimes it is easier to riff and make changes directly. On a screen someone has designed, an agent can be prompted to change the background from red to green. A color wheel shows all the different shades and the real feel of what is going on. Excel works the same way for him. Something better may exist in the future, but ripping Excel away would be really hard.

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Transcript

The New CFO: How AI Is Rewriting the Finance Function | Figma CFO Praveer Melwani ·

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More from this episode

  1. Why Does Figma's CFO Check Data Every Day?Praveer Melwani views data and having access to it as the key unlock for running his day, on a daily rhythm and sometimes more often than that.
  2. How Does Figma Rehearse Investment Memos With AI?Praveer Melwani says people with finance backgrounds created a unique personality for each leader and packaged each one as a set of skills.
  3. Who Should Take a Finance AI Prototype Into Production?Praveer Melwani wants finance specialists to invent the tools and leave production to a chief information officer group.
  4. Why Does Accounting Help Figma Data Scientists?Praveer Melwani says a couple of the data scientists devoted to finance at Figma come from accounting backgrounds, and their grasp of the work is what enables…
  5. What Does Figma's CFO Pitch to New Recruits?Praveer Melwani has started pitching access to technology when he recruits.
  6. How Do AI Agents Speed Up Finance Research?Praveer Melwani says tools should hand over the first draft of what changed, the first set of expectations, and the first thread to pull.

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