Enhancing Financial Reporting, Analysis with AI and Copilot

Dynamics Communities October 1, 2024 Video

In episode 58 of the “Inside Dynamics Communities” podcast, Ryan Gonzales, Senior Sales Director of Dynamics Communities and Summit NA, and Pam Misialek, Community Director of Dynamics Communities and Summit NA, are joined by Hugh Cumming, Chief Technology Officer, Vena Solutions. The group discusses how Microsoft Copilot, and more specifically, Vena Copilot, can enhance the FP&A process and automate other key financial operations.

Key Takeaways

  • Overview: Vena Solutions is a SaaS company providing a comprehensive financial planning and analysis platform for finance teams. The company’s integration with Microsoft 365 and tools like Excel, PowerPoint, Power BI, and Azure AI services sets them apart, enabling finance professionals to leverage familiar tools for enhanced productivity, he notes.
  • Custom Copilots: Vena Copilot, developed in collaboration with Microsoft, leverages generative AI to help finance professionals quickly analyze large data sets and generate insights. This tool allows finance teams to perform tasks like revenue forecasting in near real-time, freeing up time to focus on strategic business activities.
  • Automate financial processes: Vena Solutions’ goal has been to improve the efficiency of finance organizations by integrating data and automating processes. Its Business Central connector and Vena platform help create a robust data repository, shorten cycle times, and transform financial planning and analysis, reducing manual effort and speeding up tasks like financial planning and monthly forecasts. Further, Vena Solutions has put significant effort into training its Copilot on each customer’s unique models to ensure finance professionals deliver accurate results. Vena Solutions has implemented guardrails to validate data and allow finance professionals to scrutinize AI-generated outputs, ensuring continuous improvement and reliability over time.
  • Vena Solutions at Summit NA: Vena Solutions will be at Booth #225 at Community Summit North America 2024. Anyone who is in an FP&A role or curious about how AI can benefit specific functions to stop by the booth, or check out their Demo Zone presentation on Wednesday, October 16 from 2:30-2:40 PM.
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Categories: Copilot UG, Dynamics CE / CRM UG, Financial Services, Industries, User Group Communities
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