FP&A is one of the most crucial parts to drive business performance and drive strategies. However, many companies are still struggling to evolve their FP&A process to the needs and pace of the modern business. This includes conceptual principals and processes but also technology and tools.
In addition to maintaining accurate books and guarding against financial risks, finance professionals need to effectively use relevant data and insights to make faster and better-informed decisions while also improving finance efficiencies. In short – the Office of Finance needs to deliver more with less.
A new generation of Enterprise Performance Management and Analytics tools have emerged, enabling finance to easier adopt FP&A take on proven methods and take on its expanded role in the digital enterprise.