In this article, the author talks about two of the most prominent applications of AI in FP&A: forecasting and digital twins. He also outlines challenges that FP&A professionals may face when dealing with AI and suggests how to overcome them.
In this article, we will explore why and how Scenario Planning can significantly benefit financial forecasting. We will also discuss its advantages and shortcomings.
There’s no guarantee that current levels of volatility will subside anytime soon, and a majority of organisations are suffering from low planning agility that significantly hinders their ability to take advantage of opportunities or mitigate downside risks. This article reveals the importance of the human-machine learning loop for improving budgeting and forecasting processes.
This year, responses were gathered from 385 finance practitioners, covering companies of all sizes, from all regions, and industries.
How can we ensure forecasts produced by different business units are combined into one single consistent and comprehensive exercise? In this article, the author describes a new forecasting method which can help us achieve organisational forecasting consistency.
The author considers several prerequisites to successful Scenario Planning and financial modelling in this article. She also explains how to avoid pitfalls in financial modelling.