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Did you know that 35% of organizations identify data quality and timeliness as significant barriers to effective financialplanning and analysis (FP&A)? Bad data, inaccessible information, and outdated processes make FP&A more difficult.
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Did you know that 96% of finance teams still rely on spreadsheets for planning and 93% rely on them for reporting? I dont about you, but its pretty surprising to see spreadsheets dominating in AFPs 2025 FP&A Benchmarking Survey Report. 60% of FP&A teams face moderate to significant challenges with reliable and accessible data.
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The humble spreadsheet remains an essential, if not critical, component of many financial operations. Leading the Way with FP&A. According to a , September 2022 Gartner survey , companies are planning to invest heavily in financialplanning and analysis (FP&A) technologies through 2023.
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When building your back office, you may consider whether you need a financial controller or a CFO. Whether you are hiring full-time or fractional, knowing how these roles differ between a controller vs CFO will ensure your small business gets the financial support it needs without overspending.
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However, within their own operations, some areas of the business continued to rely on more traditional analysis methods. Ryan McConnell had been the FP&A Manager at ZS Associates for several years, then his role expanded to include reporting processes across finance and human resources. But he faced an unexpected hurdle.
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Some of the most popular use cases include sales reporting, financialanalysis, web and social media traffic analytics, inventory management, and time-tracking, but really…the list goes on and on. Power BI creates powerful reports with your existing data or becomes an integral part of broader Power Platform solutions.
Your business can use historical and recent business performance with the recurrent business cycle and seasonal trends to predict your organization’s financial performance in various scenarios. There is some risk to using past performance to inform your long-term plans, and this can be compounded during times of economic uncertainty.
Of course, its ease of use and accessibility have also been its biggest drawbacks as it has allowed for the proliferation of disconnected, whether intentional or otherwise, data files. This includes establishing clear data entry standards, validation rules, and periodic data audits. And why not? It is relatively easy to use.
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Next, came a new solution, Datarails Connect , which leverages Excel's success to transform it into a kind of self-service BI solution, enabling finance professionals to become truly independent by connecting their entire data stack to Excel in a simple and self-service manner.
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LJ: As finance functions across the globe progress their transformation journeys from data stewardship to value creation and decision support, the need for the agile finance function has emerged. Leveraging a scrum approach, teams might begin with a full-year plan, but treat that plan as a true estimate.
Take a look at how real teams and organizations around the globe have experienced an elevated state of planning and achieved the adaptability, integration, and simplicity they need to shape the future. Chemical manufacturer plans for any scenario Integrating cross-organizational data 3.
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2 With regulations continually evolving, data volumes expanding, and the need for transparency growing, finance leaders are in a strong position to drive these efforts and create strategic value for their organizations. The standards are designed to bring sustainability reporting on par with financial reporting over time.
The person in this role should provide the board the financial knowledge needed to set the company’s larger strategy. From there, you can decide how to leverage your financial acumen and recommend the best way forward. CFOs play a vital role in informing the board’s corporate governance. Excessive Executive Compensation.
I had a chance to connect with Nilly Essaides , the Director and Practice Lead, FinancialPlanning & Analysis (FP&A) at the Association for Financial Professionals. Here’s what she had to say about what’s new and what’s coming in FP&A.
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