Best-practice financial planning and analysis (FP&A) teams are looking for ways to venture beyond the traditional job scope. Previously, the typical FP&A team spent the bulk of its time reporting on how well the organization had performed during a given period versus pre-set targets. The team may have also helped to develop contingency plans in the wake of performance short-falls. Today, more FP&A teams want to do more than keep score. They want to engage in predictive analysis, which anticipates fluctuations in customer demand, revenue flows, and costs over the course of upcoming periods. They also want to support decision makers with analysis-driven contingency plans that can be implemented if and when conditions in the marketplace shift.
You can download the whitepaper here: http://www.epmchannel.com/fpa-process-improvement/