This episode features an interview with Kevin Permenter, Research Director at IDC, the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets.

Kevin has over 20 years of experience in finance. As Research Director, Kevin is in charge of providing insights and analysis across Fintech market segments including accounting, revenue management, treasury and enterprise payment management, and more. Prior to joining IDC, he consulted with Fortune 500 companies on strategic planning, market analysis and technology evaluation among other topics.

On this episode, Kevin discusses improving the efficiency of data management, getting actionable insights at near real time, and building resiliency of your business.

Quotes

*”The office of the CFO now, their main job is moved away from adding a half a point of profitability here or shaving off a half a head count here, you know, they've moved away from those sort of really speeds and feeds or tactical goals. And the bigger goal now is resiliency.”

*“I need to be able to move this company and protect the people in it, protecting my shareholders, protecting my customers. I want to protect these constituencies, and the way I'm able to do that is by moving fast. And the only way to do that is to manage the data such that you're getting actionable insights at speed.”

*”What's been happening within data management is a realization that most of your business problems come down to data management. It's either the fact that we're not getting data into the financial operations space in an efficient manner, or the system itself is not efficient.”

*“The companies that have invested in the infrastructure to efficiently manage their data, those are the ones that are agile. Those are the ones that have shortened the time between a business event and a decision so that the CFO, the board, now they have that rock solid information that they need, even across a very complex business environment to make the decisions. They’re the ones that ultimately have an advantage in these uncertain times.”

*“You can have a situation where the treasurer is looking at their dashboard. And they're seeing a ticker go by with all the relevant market information. And that's coming in from a marketplace provider via an API. He's also looking at his bank accounts and those are coming in from the 10, 15, 20, 30, 100 different bank accounts via APIs. So he's got all this information. He’s sitting at the head of this river of information and the plumbing bringing all that information to him are the APIs. So what we're finding is that companies that are working to efficiently move data quickly through the process from transaction to decision, or from transaction to insight, and then insight to decision, the ones that are working to build the plumbing, to build the infrastructure, are the ones that are learning to thrive in this market. And that plumbing, that infrastructure, is oftentimes built upon various APIs.”

Time Stamps

[6:12] About the role of Research Analyst

[10:59] The convergence of financial operations

[16:16] Cash Crossroads

[24:52] Using APIs to streamline operations

[27:39] The Playbook

[34:00] How to tackle uncertainty

[37:49] How to prioritize investment

[41:22] Report from the Future

Sponsor

The Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.com

Links

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