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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. Best practice in the budget and planning process, PWC 2017 7.
Cloud-based EPM software can help streamline key processes, improve accuracy of plans and reports, and make Finance more productive and efficient. Leverage investments in ERP and other systems – Cloud-based EPM software is a great complement to existing ERP systems , whether they are deployed on-premises or in the cloud.
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. And it recognized Planful as a leader in this market. Partner with a Leader – Planful.
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. By moving to Planful cloud-based reporting solution, iCIMS was able to reduce board reporting from 4 days to 4 hours.
CFO’s can also leverage the existing team for referring new talent. Tools such as Cloud-Based EPM applications for modeling, planning, consolidation and reporting can reduce the drudgery of day-to-day Finance and Accounting tasks and allow Finance staff to focus on more value-addedanalysis that will better support the organization.
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