What’s new?

We're thrilled to announce Abacum's groundbreaking AI Formula Assistant! Now, building complex formulas for your key metrics is as simple as a conversation. With just a click, you can generate formulas for common calculations, and refine or create entirely new logic simply by describing what you need in natural language.

Why does this matter?

For years, we've been accustomed to the complexities of formula syntax in tools like Excel. But now, Abacum offers a smarter, more intuitive approach. Leveraging the power of AI, we're ensuring in a new era of software interaction, moving beyond buttons and actions to the ease and flexibility of natural language prompts. Abacum's AI Formula Assistant is the first step towards a completely code-free experience for managing your actuals and forecasts, ensuring they work precisely as you intend.

How does it work?

The AI Formula Assistant is seamlessly integrated into both actuals and Forecast for variables without existing formulas:

• Actuals: Clicking the AI button automatically generates a formula based on the variable name. This is especially helpful for commonly used financial formulas and leverages your existing variables for a truly click-free experience. If the generated formula isn't quite right, simply describe the calculation you need, and the system will provide new formula suggestions.
• Forecast: When working with an empty formula, clicking the AI button opens a prompt where you can describe the forecasting logic you want to apply.

After generating a formula, the AI Formula Assistant provides a clear explanation of the underlying logic, ensuring transparency and giving you insight into how the system interpreted your request.

Key points to consider

• AI is a powerful tool, but it's still learning. Always review the suggested formulas to ensure they accurately reflect your specific business requirements.
• The AI Formula Assistant is a continuously evolving model. While this initial version doesn't yet support filters within formulas, you can easily add them afterward, just as you normally would.
• Rest assured that no confidential data is transmitted outside of your system or used for model training.

What’s next?

We're committed to continuously improving the AI Formula Assistant. Upcoming enhancements include:

• More accurate and refined responses for currently supported variables.
• Expanded support for more complex logic, including filtering by dimensions and/or time.
• The ability to refine existing formulas using natural language.