Running this process back in the mid-1980s, using archaic technology, typically took 15 business days or more. This left 5 days or less per month for other work. Then we were back into another closing process.
There are significant changes in the role of the FP&A function, as it pivots towards a more predictive and analytical future, which will require internal cultural shifts.
From what I’m hearing, Financial Planning & Analysis (FP&A) is becoming the “cool” department within Finance that many professionals seek to work in. Why?
You should also look beyond those two sources of requirements and identify BHAGs — big hairy audacious goals!
How EPM Can Improve Financial Processes and Increase Data Accuracy
Business Intelligence is focused on reporting.Analytics is about modeling outcomes.
How Businesses Can Shorten the Financial Close and Maintain Accuracy
Why is the cloud so important?
The Shift to Predictive Accounting – Part I
The widening gap between what accountants report and what decision makers need involves…
Businesses need to be turning toward new software to streamline the budgeting cycle and improve the accuracy of forecasting.
There was a time when budgets were prepared manually, and Excel had yet to be invented.
There are countless EPM software programs on the market, as well as manual ways to approach forecasting and modeling. So what offers the greatest benefits to businesses?