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How to Build a Business Case for Dynamic Financial Planning and Forecasting (Infographic), Sep 2014 6. 70% of companies measure the efficiency of the FP&A , 63% of them do it based on forecast accuracy and 59% - based on budget accuracy. Only 25% of FP&A teams ’ time is devoted to value-addedanalysis.
The result is undesired is that teams are often unable to deliver needed plans, budgets, forecasts, reports and value-addedanalysis when asked. It offers visibility into plans, budgets and forecasts, with rapid what-if scenario modelling and profitability analysis.
Are you ready to upgrade to a cloud-based EPM solution that can help you spend more time on value-addedanalysis and less time on data collection and fixing Excel errors? Finance time shifts to value-addedanalysis, reduce hiring needs.
They have successfully adopted rolling forecasts to create a continuous approach to planning and managing their resources. Most organizations spend 80% of their time collecting and validating data and 20% doing value-addedanalysis. Now, they drive the annual budget off a rolling forecast. Weekly flash reporting.
I’m not saying that corporate budgeting, planning, forecasting, and reporting aren’t important processes – these are certainly critical to the business. Cloud-based EPM software can help streamline key processes, improve accuracy of plans and reports, and make Finance more productive and efficient.
To support this, EPM includes the following management processes: Budgeting, planning, forecasting, and modeling. Accelerate planning, consolidation, and reporting to deliver results faster and shift more time to value-addedanalysis. Consolidating results and closing the books on a periodic basis.
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