FP&A Today

Getting to big wins with AI in FP&A – Don Tomoff


Listen Later

Not having the answer is no longer acceptable because you are 30 seconds from having the answer. You’ve just gotta ask.” – Don Tomoff 

Don Tomoff, founder of Invenio Advisors, is a finance rockstar and a trailblazer in AI adoption for finance. As a CMA his life’s mission is to make work easier for literally everyone he encounters. The CMA and finance expert  has more than 30 years of experience spanning accounting, being a CFO, and consulting. Don Tomoff is not just an expert in his field including AI. He’s a passionate advocate for using technology to drive efficiency and innovation.

In this episode, Don emphasizes how AI has transformed the speed at which financial professionals can access information and solve problems. “Right now, if you’re doing AI, you have a huge advantage against those that aren’t. But I think in the next year or so, you’re going to quickly shift to, it’s a liability for you if you aren’t doing it.”

In this episode 

  • Streamling finance tasks as an accountant and FP&A
  • Why efficiency is only a part of the finance AI revolution 
  • Biggest area ripe for AI FP&A Disruption?
  • Democratization of data science 
  • Retrieval augmented generation to analyze hundreds of documents (for instance filings)
  • Get the Paid Plan 
  • TwinzTalk Tips 
  • Why what hat you can do in two minutes gets done 
  • Distinctions between OpenAI and Claude
  • Finance in five years
  • Power Query  and UNIQUE
  • Follow and connect with Don Tomoff on LinkedIn: https://www.linkedin.com/in/dontomoff/

    ...more
    View all episodesView all episodes
    Download on the App Store

    FP&A TodayBy Glenn Hopper

    • 4.7
    • 4.7
    • 4.7
    • 4.7
    • 4.7

    4.7

    45 ratings


    More shows like FP&A Today

    View all
    The McKinsey Podcast by McKinsey & Company

    The McKinsey Podcast

    391 Listeners

    PwC's accounting podcast by PwC

    PwC's accounting podcast

    180 Listeners

    HBR IdeaCast by Harvard Business Review

    HBR IdeaCast

    165 Listeners

    CFO THOUGHT LEADER by The Future of Finance is Listening

    CFO THOUGHT LEADER

    129 Listeners

    TED Business by TED

    TED Business

    1,111 Listeners

    M&A Science by Kison Patel

    M&A Science

    127 Listeners

    Wall Street Breakfast by Seeking Alpha

    Wall Street Breakfast

    1,031 Listeners

    Inside the Strategy Room by McKinsey & Company

    Inside the Strategy Room

    167 Listeners

    FT News Briefing by Financial Times

    FT News Briefing

    675 Listeners

    Making Sense by J.P. Morgan

    Making Sense

    60 Listeners

    Thoughts on the Market by Morgan Stanley

    Thoughts on the Market

    1,289 Listeners

    Think Fast Talk Smart: Communication Techniques by Matt Abrahams, Think Fast Talk Smart

    Think Fast Talk Smart: Communication Techniques

    807 Listeners

    WSJ's Take On the Week by The Wall Street Journal

    WSJ's Take On the Week

    147 Listeners

    FP&A Unlocked by Paul Barnhurst

    FP&A Unlocked

    24 Listeners

    Financial Modeler's Corner by Paul Barnhurst AKA The FP&A Guy

    Financial Modeler's Corner

    17 Listeners