The implementation of AI capabilities in FP&A can be a complex and challenging process. From the author's experience, there are some key aspects to consider when implementing AI capabilities in FP&A to increase your chances of success.
There are many software products that claim to support CPM, but often they only support some aspects, for example financial planning and reporting. One of the issues is that the term CPM is synonymous with budgeting, forecasting and management reporting which by itself cannot provide a complete solution.
Today, FP&A professionals have emerged more experienced and stronger due to the changes caused by recent events, recognising the need to learn lessons and to continue to expect the unexpected.
To succeed in Scenario Planning, an organisation should assess its ability to deliver results in three key areas: data quality, technology and people.
Check out the recording to learn the Top 7 Trends Shaping FP&A and Beyond from the experienced panel of speakers.
In this blog series, the author looks at the areas FP&A departments must address to add value in this technology-driven age. In this blog, he considers the applications that can be developed using the latest database technologies.
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