“Technology is eliminating grunt work and boosting the value of financial planning and analysis.”
As with many corporate processes, technology is driving fundamental changes in FP&A. Thanks to a new generation of tools, the drudgery factor is lessening and practitioners are spending more of their time doing actual planning and analysis. This new business environment drives a greater need for strategic input. More than half of the work in FP&A used to be full of data-driven and monotonous tasks, but thanks to new tools, the role encompasses a plethora of strategic activities, from budgeting and forecasting to management reporting, and business-decision guidance.