Takeaways

• #Financeteams are often resistant to change, clinging to outdated tools.
• Real-time data integration can help break down data silos and better decision-making.
• The shift from FP&A to XP&A emphasises collaboration across departments.
• #Datagovernance is crucial when handling financial data.
• Real-time data enables more accurate forecasting and budgeting.
• Organisations should define their data strategy before implementation.
• Proactive adaptation to data technologies is essential for future success.

Summary

In this episode of "Don't Panic, It's Just Data," host Christina Stathopoulos explores the world of real-time analytics and its impact on financial decision-making. She is joined by Thomas Gore, insightsoftware's Director of Product Management for extended planning and analysis (XP&A), and Cody Riemenschneider, Director of Solutions Engineering, and they discuss the challenges and opportunities of integrating real-time data into finance.

We explore the issue of data silos and how real-time AI integration can break them down. Thomas explains: "Each department has its own data report, its own planning tools, which are mostly Excel files... They don't collaborate."

Listen to our latest podcast now for an insightful conversation on how real-time data is reshaping the future of #financialplanning and analysis. 

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