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As a financial executive, the chief financial officer (CFO) is responsible for the financial health of an organization. The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management.
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FP&A teams can do so by leveraging these four essential types of financial reports techniques. Department Budget vs. Actual Reports. Every department in the business is responsible for a budget. Financialanalysts are also financial planners. This is a high-impact value-add to the organization.
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With FP&A software, companies can automate their data collections and create valuable dashboards and insights that will help them understand trends and make more accurate budgets, forecasts, and business decisions. In 2018 , Jedox was awarded for Excellence in Budgeting Transformation, and won the CFO Innovation Editor’s Choice Award.
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