As technology keeps advancing, digitalising the FP&A function and integrating it across the organisation is not out of the reach for any company. The successful companies of tomorrow will thrive by implementing data-driven and digital planning processes.

There are three key building blocks for modern Financial Planning and Analysis: Digital, Data and Analytics. What are these building blocks, and why do they matter from the  FP&A perspectives?

Whether it’s financial reports, management analysis or updates to financial processes and systems, Agile approaches are becoming more attractive for Finance teams. When adopted successfully, organisations see improvements in quality, speed of delivery, and overall customer satisfaction. 

When your financial planning and analysis (FP&A) becomes data-driven using automation and an intuitive platform with the right tools, then there's a fundamental shift. The data flows freely, it's trustworthy, and it starts to work for you. In fact, it can lead to a transformation, especially with decision-making around your organisation's finances and business strategy. But how can you reach this point? 

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. Join this upcoming event to discover the subject of the Roadmap for the Analytical Transformation of Controlling and FP&A Function.

The Digital European FP&A Board will be held on the 14th of October at 4:00 PM CEST.

Some people believe that Artificial Intelligence (AI) will eventually replace humans within FP&A. Thought leaders and experienced AI users feel that this is completely wrong. For AI to be effective, it needs to be combined with human intelligence (HI).