While automation has eliminated many repetitive tasks and unnecessary human intervention, the next step for FP&A is to develop advanced analytics. It will help deliver business value through actionable recommendations.
"Digital applications were a game-changer for the FP&A function that improved the way we are working", says Flavio Caruso, Cluster CFO (Europe) at Sandoz.
Everything started with paperless document processing. Then they developed chatbots, shifted towards blockchain solutions and predictive analytics, and improved forecast accuracy using AI/ML and RPA. Learn more from this video.