In this series of blogs, I will be looking at a number of areas that FP&A departments must address if they are to add value to the organisations they serve in this technology-driven age. In this blog I’ll cover the reasons why change is essential.
At the end of the day, FP&A isn’t a technical department. Its role is to develop the operating and financial plan and help the organisation to achieve set goals. It is therefore very important to receive technical support and advice from qualified professionals. This support will be much more helpful if it considers finance and planning specifics. In other words, the technology specialist should be a part of Finance or, even better, the Planning department itself. This role can be called a “Finance Technology Officer” or FTO.
Data storytelling tools like dashboards have been around for a long time, but they have recently experienced a huge surge in popularity.
This paper, based on our interviews with 25 top FP&A practitioners and thought leaders along with case studies from the largest global network of FP&A people, captures the best practices and new ideas coming out of this fast-growing area.
While I was having a business meeting recently, I was asked to resume in simple terms: What is No-Code / Low-Code technology, and why should I consider it important for my business?
Rolling Forecast held great promise when first introduced 20 years ago, but has a mixed track record on actually delivering on hoped-for improvements