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However, even with these advanced ERP systems and other third-party software products, most small to large businesses still must manually use Microsoft Excel (Excel) for financialanalysis, reporting, and other activities. This is often due to Excel being overwhelmed by uploading large amounts of data from your ERP at once.
The specialist skills within finance and accounting that are proving to be the most difficult to find amongst job candidates include business/financialanalysis, compliance, financial planning and analysis, risk, and internal audit.
FP&A stands for "financial planning and analysis," and is the backbone of the modern finance department. It’s the budgeting, financial forecasting, financialanalysis, and decision-making that support an organization's health and strategy. Strategic financial planning. What is FP&A? Very Good).
However, even with these advanced ERP systems and other third-party software products, most small to large businesses still must manually use Microsoft Excel (Excel) for financialanalysis, reporting, and other activities. This is often due to Excel being overwhelmed by uploading large amounts of data from your ERP at once.
Effective Communication and Collaboration: Foster effective communication and collaboration among departments involved in the close process, such as finance, accounting, internal audit, and operations. Workflow Automation: Vena provides workflow capabilities that allow for the automation of tasks and processes related to the financial close.
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