In today’s world, companies need more than ever fast insights to make the appropriate critical moves. Unfortunately, current BI tools through dashboards report ‘what’ happened and does not help to understand the ‘why’.
So, you got support from your executive leadership team and you hired or grown some talent in FP&A. This article will explore three top FP&A business partnership projects to deliver value and supercharge your FP&A team.
The expanding role of the modern FP&A requires more than even a deeper understanding of the technological issues, in order to leverage the digital transformation. In the meantime, the Enterprise Software market has never been so hot, and 2019 was an eventful year for the industry. To understand the challenges facing the FP&A teams, let’s break down by market segment and cast an eye over some of 2019’s main enterprise software news.
4-5 years ago in Microsoft, Cloud business was a small portion of the overall business, but now is the key business for the company, with new and diverse purchase options like subscription model on office 365, pay as you go model on Azure cloud platform... boosting and creating an avalanche of data every day.
The first step in forecasting is to understand where we are today and how we arrived at that point from the past. This is gain through analysis and reporting.