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My name is Anna, and I am an FP&A-holic. Yes, I said that, I am addicted to financialplanning and analysis. I am excited when all the checks in my financial models are colored green, and I get thrilled out of digging into data and finding insights that lead to better business decisions.
Thoughtful financialplanning and analysis (FP&A) is at the heart of successful business operations today, more so than in the past thanks to the emergence of robust analytical engines, artificial intelligence, and the dynamic marketplace brought on by global supply chains and greater availability of real-time data.
As FP&A professional, how often do you feel that you do something you shouldnt? FP&A is an evolving function that falls into the intersection of finance, operations and strategy aimed at driving better decision-making trough insightful analysis, forecasting and goal setting. Macroeconomic forecasts Macroeconomic trends?
Advances in technology, the rise of the cloud and COVID-19 have made financialplanning and analysis a must-have function for companies' ability to act effectively in the face of change.
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 Bad data, inaccessible information, and outdated processes make FP&A more difficult. Present financial data with clear charts for faster decision-making.
As a CTO deeply immersed in the world of financialplanning and analysis (FP&A), I've witnessed firsthand the transformative power of multi-dimensional modeling. That's where multi-dimensional modeling comes in, offering a robust framework for navigating the intricacies of modern FP&A.
FP&A software plays a crucial role in helping CFOs, finance leaders, and FP&A experts maintain the financial well-being of their organizations. It enables them to monitor and analyze current financial outcomes while also forecasting future performance. Managers can also build a collaborative workflow.
The Overlooked FP&A Dilemma in Private Equity Private equity (PE) investors pursue efficiency, profitability, and long-term value creation. Yet, many PE-backed companies struggle with financialplanning and analysis (FP&A), which creates barriers to achieving growth targets, cash flow clarity, and operational alignment.
Overview of Abacum Abacum is one of the newer FP&A solutions on the market and was founded in 2020 by Julio Martinez and Jorge Lluch Valdecasas. Abacum has raised over $40 million, and they are shaking up how companies handle finance by encouraging a more collaborative and strategic approach to financialplanning.
The infusion of cash is expected to boost R&D investments for the company’s financialplanning and analysis tool, including in the area of generative AI.
With constantly evolving role of the finance function in the organization, these are FP&A practitioners who feel the most pressure to be jack-of-all-trades. There is a specific product on the market I could associate FP&A with, and this is a Swiss multi-tool. So, if FP&A were a Swiss multi-tool, how could we sell it?
This relates to FP&A which stands for financialplanning and analysis. The emerging FP&A practice steps out of the shadow of other finance functions becoming a standalone entity which involves its own mission, goals, organization, processes, tools and skills.
We are pleased to welcome an expert in FinancialPlanning and Analysis (FP&A), Mr. Anders Liu-Lindberg, as a guest to the Jedox blog. In a large scale survey by a global firm, CFOs named FinancialPlanning & Analysis (FP&A) a top priority to transform and derive more value.
The finance function now plays a crucial role in many organizations supporting and driving effective business decisions, and this is exactly the responsibility of FP&A standing at the crossroads of finance, strategy and technology to leverage data and generate insights. APQC, AFP Next level of FP&A study, 2019 2. Sources: 1.
Many FP&A professionals have faced the misunderstanding of the role of the FP&A function and its core activities in the company. This article explores the most common myths surrounding the financialplanning and analysis function, its key activities and outputs which many FP&A stakeholders believe in.
This episode focuses on how DSE business models present new challenges with regard to FinancialPlanning & Analysis (FP&A) processes, which require enhanced agility, scalability and end-to-end integration to handle DSE's inherently dynamic requirements. How is FP&A different from traditional accounting?
Did you know that 47% of businesses still rely on spreadsheets for financialplanning, despite the risks of errors and inefficiencies? Workday Adaptive Planning aims to solve this problem by offering a cloud-based FinancialPlanning & Analysis (FP&A) solution with AI-powered forecasting, budgeting, and workforce planning tools.
As change continues to add uncertainty to the Healthcare sector finance leaders remain tasked with effectively analyzing, monitoring and predicting the financial performance of your organization. Today, it’s a fast-paced business world. Accelerate your budgeting cycles and minimize the risk of data errors.
Excel has been a cornerstone of financialplanning for decades. However, as companies grow in complexity, relying only on Excel limits financialplanning & analysis (FP&A) professionals—especially in collaboration, data integration, and managing large data [.]
Among these are the changes that were faced in the financialplanning and analysis function. Data in the cloud also aided Vena Energy’s FP&A team in analysing data remotely. Chew believes this technology contributed significantly to the success of their FP&A operations.
Technology adoption in FP&A is set to accelerate, driven by macroeconomic uncertainty and ongoing disruptions, said Gartner recently. Making FP&A more predictive and agile will offer enormous benefits and help to make the business more responsive to changing economic conditions and new opportunities.”.
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.
For mid-market companies, navigating the financialplanning and analysis (FP&A) landscape can be a balancing act. This is where cloud FP&A software emerges as a game-changer, offering a powerful and scalable toolset specifically designed to meet the needs of your growing business.
However, when your skilled FP&A team members spend hours gathering and formatting static spreadsheets, that’s less time being spent on analyzing results, developing what-if-scenarios, and modeling strategic plans and forecasts. So how can Oracle NetSuite customers automate FP&A?
FinancialPlanning and Analysis (FP&A) teams play a crucial role in companies by performing budgeting, forecasting, and analysis that support major corporate decisions of the CFO, CEO, and the Board of Directors. How things have changed for the FP&A teams. With technology, it has become FP&A 2.0.
According to Gartner, 70% of new financialplanning and analysis (FP&A) projects are slated to become extended planning and analysis (xP&A) projects by 2024. Historically, financialplanning & analysis has centered around tasks such as planning, budgeting, forecasting, and performance management.
Just as content is king in the world of marketing, when it comes to financial decision-making, data is everything. If you want to outsell the competition, then upgrading your financialplanning and analysis (FP&A) efforts is of the utmost importance.
FP&A software assists CFOs, finance leaders, and FP&A experts in ensuring the financial health of their organization by tracking and analyzing current outcomes and forecasting future performance. What is FP&A? Why do you need FP&A? The top 10 best FP&A Software Tools Available.
What is FinancialPlanning and Analysis or FP&A? FP&A is a process used by organizations to develop and manage their financialplans and make informed decisions based on financialanalysis. The primary objectives of FP&A. The primary objectives of FP&A.
Financialplanning and analysis (FP&A) is evolving into a whole new area of influence with cross-departmental and cross-dimensional impact. Accurate, frequent, and integrated business planning is crucial as geopolitical tensions, worldwide inflation, and supply chain disruption continue to reshape the global economy.
Between pandemic insecurities, a supply chain crisis, labor shortages, and the growing threat of recession, companies that rely on traditional planning and forecasting may find themselves struggling to stay competitive. To stay agile and accurate, businesses need to utilize automated financial tools that allow for rolling forecasts.
The manual processes only make it worse with errors, which increases compliance risks and makes financialplanning and analysis (FP&A) teams scramble to meet deadlines.
At Centage, we’re committed to equipping finance teams to meet this challenge by providing automated, cloud FP&A software solutions that make it easy to perform the detailed, bottom-up budgeting and sophisticated scenario analysis needed to spot risks and opportunities early. So how are CFOs shifting their goals for 2023?
Workforce planning is important to meeting your organization’s strategic vision, but it’s something that many consider a kind of fortune telling. In reality, it’s more science than art, and should be a critical component of management’s operational planning – especially during uncertain times. Download the Workforce Planning Toolkit.
In this episode of “Planning Aces,” finance leaders explore the evolving role of FP&A as a strategic partner emphasizing the importance of reliable data in aligning decision-making and resetting priorities. Leveraging AI emerges as a key theme for optimizing financial processes and enabling real-time collaboration.
Why are FP&A software tools essential for small businesses? FP&A software tools are increasingly important for businesses of all sizes. Historically, FP&A teams primarily existed as a separate department, mostly among large and established companies. But all of that has changed. , But all of that has changed. ,
In this blog, he explains why scenario planning is now more important than ever and, most importantly, what it can and can’t do. . I explained that it’s not about FP&A trying to predict the future. It’s not the role of FP&A to predict the plethora of possible causes for a change in the business landscape.
The Value of Stress Testing Your FinancialPlan. As we approach the end of the fiscal year and begin a new one, business leaders have an overriding concern: How accurate are the assumptions we made when we created our plan? All plans, to a certain extent, are based on assumptions. Scenario Planning and Goal Alignment.
It went to note that FP&A and reporting teams have been stretched as the demand for rapid and effective business insight from finance has proved critical for many organisations which have been placed under acute stress. Crisis-born FP&A best practice. “Life challenges us, so that we become enlightened. Siang Leng Tay.
As change continues to add uncertainty to businesses across industries, finance leaders are tasked with effectively analyzing, monitoring and predicting the financial performance of their organizations with a new level of granularity. Today, it’s a fast-paced business world. That’s a lot of moving parts.
Bring SaaS to Your Budgeting & Planning. Planning Maestro offers the sophisticated features needed by small and mid-market organizations to integrate budgeting, forecasting, and deep data analysis within one easy-to-use, scalable SaaS solution. In other words, SaaS runs on the provider’s server rather than the company’s.
The True Cost of Spreadsheet Errors Spreadsheets have long been the foundation of financialplanning and analysis (FP&A) for businesses. They are used for everything from budgeting and forecasting to tax reporting and financial close processes.
Finding the right FP&A software isn't just about comparing feature listsit requires digging through countless user reviews, navigating different rating systems, and reading between the lines of real customer experiences. Think of it as your cheat sheet to finding the perfect FP&A software, saving you time and headaches.
However, by implementing FP&A automation, their customers will be provided a more in-depth analysis that will set them up for any scenario that can occur in the coming months. To top it all off, the current market downturn and continued inflation is putting additional strains on companies’ forecasting and planning efforts.
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