Information can be of great value, but only if it is accessible.įinancial planning and analysis (FP&A) is one organizational function that continuously relies on collaboration. To optimize team efforts, effective collaboration and distribution of valuable data are necessary. While valuable data may exist, team members often lack access to it given that it is stored in different parts of the company, held in different non-comparable formats, or not properly shared. Information can be of great value, but only if it is accessible. We have more information available at our fingertips today than ever before. They’re oftentimes in different locations and time zones, which in the 21st century no longer serve as barriers to work. Interdepartmental teams, virtual teams, teams in different cities, teams distributed on different floors of the same building, the list goes on.Īll of these teams involve a group of dispersed individuals working together towards some common goal.

Interdependent and distributed teams are quite common nowadays. “When you need to innovate, you need collaboration.” Today’s tools make it much easier to work together.

Colab tools for data analysis.