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Preparing for the next level of financial planning and analysis, APQC, AFP, 2019 Some of the most interesting metrics include: Processes Annual budget cycle time lasts 25 days for top performers with 4 versions of budgets produced before final approval. Only 25% of FP&A teams ’ time is devoted to value-addedanalysis.
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? The good news here is that cloud-based solutions have been available for a number of years, and many now offer the same capabilities as on-premises solutions.
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.
A growing number of organizations are moving away from the annual budgeting process and finding better ways to plan and control their resources. Most organizations spend 80% of their time collecting and validating data and 20% doing value-addedanalysis. Get the Best Practices Guide. The mix should be reversed.
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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