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.
FP&A Insights
FP&A Insights is a collection of useful case studies from leading international companies and thought leadership insights from FP&A experts. We aim to help you keep track of the best practices in modern FP&A, recognise changes in the ever-evolving world of financial planning and analysis and be well equipped to deal with them.
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Traditional planning methods are well known for extracting insights and steering business decisions in short-term and predictable environments. A more dynamic planning model can be achieved by implementing a more integrated approach to connect strategic planning, detailed forecasting, and operational execution.
Installing a planning tool early, regardless of the company's situation, is a good idea despite the investment required. Prioritising the proper criteria based on organisational needs using a checklist of standards will help compare all the different tools on the market to identify what suits the organisation best.
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.
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