Accounting Today: FP&A is the MVP of Your Organization
June 3, 2022
“The budget increases are especially good news as FP&A and corporate performance responsibilities continue to grow. Additional resources are needed to help FP&A teams partner with business unit leaders to develop models that include strategic and operational objectives, what-if scenarios, business drivers and key performance indicators.
Yet, even with an expanded and more visible role, in year three of the pandemic, 91% of the survey respondents have automated less than 75% of their FP&A processes. This is problematic for a number of reasons, including the challenges of manually managing data inputs from other teams from human capital management to product development, sales and more.”