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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. Only 25% of FP&A teams ’ time is devoted to value-addedanalysis.
The advantage for companies with a fast close process is that they can spend more time on value-addedanalysis and decision making – and deliver information faster to both internal and external stakeholders. Then when a last-minute change is made to a number or comment, it must be manually updated in multiple places.
If the latter is the case, Planful recently held a webinar focused on how you can automate and accelerate the financial close, consolidation, and reporting process and free up more Finance time for value-addedanalysis. Consolidating financial results might sound easy on the surface, but it’s more than just adding up numbers.
The panelists included a number of executives with experience in talent management including Sandra Clarke, VP of Finance and CFO at Daiichi Sankyo; Anthony Graziano, Regional Managing Director at Randstad; Andrew Reich, Chief Financial Officer at Pearl Media; and Barbara Toscano, Founder and Owner at Evolution.
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