2020 has been the most difficult year in modern history. As Einstein said, “In the middle of every difficulty lies opportunity.”  This survey we believe offers hope, insight, and a much-needed reality check on where FP&A is today.  It also forecasts what needs to happen for FP&A teams to develop their best practices from theory into reality.

This article summarises the presentations and discussions during the recent Digital FP&A Circle on how artificial intelligence (AI) and machine learning (ML) has reduced the process burden, increased the speed to insights, and ultimately supported improved decision-making at Konica Minolta and Amazon.

To manage business complexity, we need to focus on improving our processes. In this video, Saurabh Jain, explains how analytical journeys at different organisations usually look like.

Today’s finance and accounting professionals face ever-growing challenges when it comes to data. The simplest analyses can be complicated by the wrong data or bad data and too much data can even be a problem. Effectively sourcing, managing, and using data are key skills.

By deploying integrated FP&A organisations see greater performance improvements compared with traditional FP&A processes. This is enabled through combining strategic planning, business planning and forecasting and operations planning and forecasting.

Currently artificial intelligence (AI) and machine learning (ML) is havi. In terms of accounting and finance, is AI & ML a gift or curse for us?  The answer largely depends on two key variables.