FP&A Trends Digest: Issue #63
Dear colleagues,
Technology is a key enabler of FP&A activities. It allows us to collaborate across the organisation, analyse vast quantities of data, make accurate predictions for the future, and spend more time on high-value activities.
But did you know that only 7% of companies are happy with their current FP&A technology?
That is what we discovered in the FP&A Trends Survey 2021. It was an improvement on the previous year, when only 4% were happy, but the percentage is still strikingly low.
It is clear that we have a long way to come with FP&A technology, which is why we have made it the theme for this digest.
In this issue, you will find a CPM trend report; an article on emerging planning tools; a breakdown of the key success factors for the FP&A system implementation; a guide for improving user adoption; and a video case study on the use of predictive analytics and machine learning at Microsoft.
Improving our satisfaction with our technology requires understanding it better, and I hope this digest will help you to do just that.
|
|
Based on a survey of 1,320 finance and business leaders, this report explores the state of people, processes and tech priorities in finance. Download the report to learn how your peers are preparing for the future.
|
|
By Michael Coveney
Cutting-edge tools like artificial intelligence and machine learning have become buzzwords in FP&A, but they are rarely discussed in any detail. So how do these technologies actually work, and what do they have to offer in the dynamic business environment of today? Find out in this article from our Head of Research.
|
|
By Jawwad Rasheed
After carefully preparing for an FP&A transformation project, the time for action arrives. While never guaranteed, there are certain key factors that improve the likelihood of implementation success, not to mention powerful solutions at hand. Read this article to explore more.
|
|
By Andrew McDonald
We would all like to think that, if we were to develop a new FP&A solution, our peers would want to use it. Unfortunately, that is not necessarily the case, and there are a number of barriers to user adoption. So what are these obstacles, and how do we overcome them? Read more in this article.
|
|
By Takeshi Murakami
Microsoft’s mission is to empower all people and organisations to achieve more. But the company has also been striving to achieve more itself. Watch this video to hear about the digital transformation journey at Microsoft. Experienced Finance and Business Manager explains how Microsoft managed to achieve remarkable results by using predictive analytics and machine learning in FP&A.
For more resources on FP&A Technology, please click here.
|
FP&A Trends Digital Events
|
FP&A Trends digital events are vendor-agnostic and complimentary. If you are not able to join the live session, you can register to receive the recording later.
|
|
Business disruptions are increasing in both frequency and severity. Without a digital FP&A process supported by modern technology, finance leaders may find it nearly impossible to deliver on strategic goals. Join this webinar to hear practical insights from senior leaders from Dorrington Plc and Bedford Consulting, who will discuss how modernising FP&A processes can help navigate through uncertainty and improve business agility.
The last two years have disrupted our professional and personal lives in unprecedented ways, and FP&A is now facing many new challenges. But how best to confront new circumstances in both the short and long term? Register for this webinar to learn about the top five FP&A challenges and how to address them.
|
Please refer to our Privacy Policy regarding the usage of your data by FP&A Trends. Contact us at privacy@fpa-trends.com if you have any questions or concerns.
All referenced trademarks are the property of their respective owners.
|
|
