As organisations get to grips with data and technology, now more than ever, we see the emergence and the importance of FP&A Storytelling. So how can we apply analytics, visualisation and dashboards for better FP&A Storytelling and what are the dos and don’ts of FP&A Storytelling?
FP&A Storytelling has been one of the biggest trends in FP&A over the last few years as executives and C-level leaders want to know how their company is performing, what segments are performing well or not so well, and why so.
Data storytelling tools like dashboards have been around for a long time, but they have recently experienced a huge surge in popularity.
Storytelling is a vital part of FP&A, helping practitioners to extract value from the data.
We all know that working with data is a huge part of the FP&A role. But once that data has been collected and analysed, the value must be extracted from it, and insight must be translated into action. We have to tell the story behind the data, and this is something Self-Service Platforms can help us with.
It is only by telling the story behind the numbers that we can see the full picture and use the numbers to make value-adding decisions.