Scenario planning in FP&A requires strong data management — from building integrated models to ensuring data quality, transformation and timely access.
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A strong data strategy is crucial for FP&A teams to ensure accurate, timely and meaningful insights, enabling better decision-making and strategic alignment.
‘If I had an hour to solve a problem and my life depended on the solution, I would spend the first 55 minutes determining the proper question to ask, for once I know the proper question, I could solve the problem in less than five minutes’, said Albert Einstein.
According to a recent survey by Prophix and FP&A trends, 88% of companies claim they have data quality issues. The aim of this blog is to sketch the main steps that you can take to ensure that your company belongs to the remaining 12%.