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.

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.

In this series of blogs, I’m looking at several areas that FP&A departments must address to add value to the organisations they serve in this technology-driven age. In this blog, I look at the changing nature of databases.

FP&A Trends examined the latest trends and developments in FP&A in its latest webinar, sharing invaluable findings from the 6th Annual FP&A Trends Survey and considering how FP&A departments can operate and thrive in the “brave new world” of business.

This article provides an overview of the topics and cases presented and discussed by experts and the results of interactive polls.

According to FP&A Trends Survey 2022, there are two major problems today: 

1. When looking at immediate challenges, it can be difficult to justify ROI on FP&A technology against shorter-term sales. 

2. In some companies, FP&A is not considered to be an area for strategic investment.

How can this possibly be the case when especially cloud-based technology has been considered the saving grace of doing business during the pandemic?