There has never been greater uncertainty and a faster pace of change than over the past months.

And yet, at a time that requires speed and agility, and in a function that needs these qualities more than others, we cleave to our traditional management accounting methods and adhere to our longstanding processes.

The result is this paper that covers the elements crucial for any organisation approaching AI or ML for the first time including challenges, methods and key success factors.

Financial planning and analysis (FP&A) functions are at the forefront of guiding organisation

As Einstein said, “In the middle of every difficulty lies opportunity.”  This survey we believe offers hope, insight, and a much-needed reality check on where FP&A is today.  It also forecasts what needs to happen for FP&A teams to develop their best practices from theory into reality. 

The role of the CFO is changing: It’s moving away from compliance and optimization, towards a more strategic; customer facing disruptive role. How is technology empowering Finance teams?

Companies nowadays are looking at using specialised FP&A solutions to help improve the accuracy and efficiency of the forecasting process. Depending on the maturity of the FP&A function, we can roughly divide companies into three levels of maturity in terms of their use of specialised FP&A solutions.