Research for this paper focused on delving deeper into the most mature level – Level 5, Leading State. The purpose was to provide a road map for FP&A Intelligent Transformation that guides departments in how best they can serve their organisations.

Businesses need to adopt and integrate the right technologies while also ensuring senior finance leaders are directing and evolving the Office of Finance to be an essential function of the enterprise. We can refer to this idea as FP&A Maturity.

On September 15th, we were discussing how to achieve FP&A Intelligent Transformation with senior practitioners from SWAROVSKI, Moderna and Board International.

The webinar was based on our global research that is focused on the FP&A Board Maturity Model categories of Process, Data & Analytics, and Technology.

The key to developing a best-in-class FP&A organisation is reaching level 5 maturity is getting the basics right. In addition to having the right people on your team, you'll want to ensure they understand the basics properly and have prepared the environment for growth.

First and foremost, Best-in-class FP&A is about agility. Accordingly, it specialises in the ability to orient planning activity around the needs and cycles of the products and services provided by the organisation. With a constant flow of urgent demands leaving little time to make changes, finance teams need practical advice on how to digitally transform FP&A.

In this paper, we will explore these different areas to explain what they are, how they have benefited other organisations and the steps an organisation can take in making the transition.