Tag Archives: Budgeting and Planning

The Future of FP&A is Bright

FP&A professionals that have harnessed the power of a dynamic, fully integrated analytics solution are on their way to a very bright future and will reach new heights in the game of data analytics. Due to the advances made in technology, the role of the FP&A professional and the composition of the job itself will be […]

Why Intelligent Drivers Are Necessary in FP&A

“Intelligent drivers” are measurable business activities that directly link strategy to the organization’s short- and long-term goals. Business process goals and operational activities do not always line up with the organizational structure. Some have a one-to-one relationship, but others may go across multiple departments. Defining intelligent drivers may well lead to rethinking the way budgets […]

Finding a Place For Artificial Intelligence in FP&A

The term “artificial intelligence (AI)” is used so frequently in this day and age that it is often misconstrued because it is leveraged enterprise-wide by different departments for different things. For FP&A, AI is the automation of actions based on analysis of available data in order to mimic the way a person would make a […]

Get With the Times- Modern Planning Solutions Are Taking Over

In today’s fast-moving, unpredictable business environment, legacy planning practices can’t keep up. Often times, plans are already out of date before they even begin. It is impossible to predict events six months out, let alone 18 months for the traditional budgeting process. With modern financial planning and analysis solutions combined with newer management methodologies, these […]

The Power of Combining Information & Operational Technologies

Many changes and trends are taking place in the energy and manufacturing industries. These trends are affecting these industries’ economic, social, and working environments and providing opportunities to improve business performance in their current, highly competitive conditions. Finance leaders are realizing the value in a combination or convergence of information technologies (IT) and operational technologies (OT). IT […]

Achieving a Well-Rounded Approach to Digital Business Planning

Digital business planning should be seen as a comprehensive approach to supply chain planning that uses trusted data, process integration, automation, and collaboration to meet the demands of complexity in the digital economy. FP&A professionals should also consider the idea of integrating demand planning and demand sensing into the larger planning process in order to […]

Have You Realized the Full Value of Your FP&A Software?

“The process of implementing FP&A software is as critical as the quality of the solution, according to new research. CFOs know the importance of financial planning and analysis solutions that allow their finance teams to develop budgets and forecasts quickly and accurately. Unfortunately, selecting the right FP&A software is only half the battle. Equally important […]

Refocus Strategic Performance for Long-Term Growth

“Companies need to understand, manage, and align their long-term value drivers to achieve sustainable value creation, especially in today’s constantly changing business environment.” Companies need to innovate at an increasingly rapid pace in order to survive and thrive in today’s environment. Finance leaders need to drive and support innovation that will enable their organization to […]

The Necessity of Collaborative Enterprise Planning

Budgeting is the backbone of most organizations’ management control systems. However, it’s also a practice that rarely adds value, with participants often involved in an elaborate game of bagging resources. Collaborative enterprise planning can overcome these weaknesses through a combination of re-evaluating management practices and employing the latest in collaborative intelligent finance solutions. There is […]