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My name is Anna, and I am an FP&A-holic. Yes, I said that, I am addicted to financialplanning and analysis. I am excited when all the checks in my financial models are colored green, and I get thrilled out of digging into data and finding insights that lead to better business decisions.
As FP&A professional, how often do you feel that you do something you shouldnt? FP&A is an evolving function that falls into the intersection of finance, operations and strategy aimed at driving better decision-making trough insightful analysis, forecasting and goal setting. Macroeconomic forecasts Macroeconomic trends?
Did you know that 35% of organizations identify data quality and timeliness as significant barriers to effective financialplanning and analysis (FP&A)? Bad data, inaccessible information, and outdated processes make FP&A more difficult. Create a Budget - Estimate costs for hiring, training, and licenses.
FP&A software plays a crucial role in helping CFOs, finance leaders, and FP&A experts maintain the financial well-being of their organizations. It enables them to monitor and analyze current financial outcomes while also forecasting future performance. Managers can also build a collaborative workflow.
Overview of Abacum Abacum is one of the newer FP&A solutions on the market and was founded in 2020 by Julio Martinez and Jorge Lluch Valdecasas. Abacum has raised over $40 million, and they are shaking up how companies handle finance by encouraging a more collaborative and strategic approach to financialplanning.
Middle-market companies face increasing pressure to maintain their value edge in this competitive financial landscape. To drive growth, improve profitability, and enhance decision-making, companies can leverage the power of refined operational disciplines – Forecasting, Planning, and Analytics (our take on FP&A).
Did you know that 96% of finance teams still rely on spreadsheets for planning and 93% rely on them for reporting? I dont about you, but its pretty surprising to see spreadsheets dominating in AFPs 2025 FP&A Benchmarking Survey Report. 60% of FP&A teams face moderate to significant challenges with reliable and accessible data.
Did you know that 47% of businesses still rely on spreadsheets for financialplanning, despite the risks of errors and inefficiencies? Workday Adaptive Planning aims to solve this problem by offering a cloud-based FinancialPlanning & Analysis (FP&A) solution with AI-powered forecasting, budgeting, and workforce planning tools.
However, as the company grew, it faced mounting challenges in managing financialplanning through manual spreadsheets. This method proved both time-consuming and prone to errors, leaving the organisation with a fragmented view of its financial health due to siloed IT systems.
In this episode of Planning Aces, co-hosts Jack Sweeney and Brett Knowles spotlight the FP&A strategies and AI adoption journeys of three CFOs—Gillian Munson (Vimeo), Dan Fletcher (Planful), and Chad Gold (FullStory).
If you're a small to mid-sized business using QuickBooks Online (QBO), chances are you've experienced its ease of use for accountingbut maybe not so much for budgeting, forecasting, and financial reporting. You're not alone.
In this episode of “Planning Aces,” finance leaders explore the evolving role of FP&A as a strategic partner emphasizing the importance of reliable data in aligning decision-making and resetting priorities. Leveraging AI emerges as a key theme for optimizing financial processes and enabling real-time collaboration.
Investors have a heightened appetite for businesses with proven financial fundamentals and clear paths to profitability. Despite these favorable conditions, successful IPOs require meticulous preparation, robust financial reporting, and a governance framework that instills investor confidence. The Renaissance IPO Index has risen by 4.9%
The True Cost of Spreadsheet Errors Spreadsheets have long been the foundation of financialplanning and analysis (FP&A) for businesses. They are used for everything from budgeting and forecasting to tax reporting and financial close processes.
With global economies bracing for uncertainty in 2025 , financial teams are under pressure to adapt faster than ever. Political shifts, rising inflation, and unpredictable market trends are forcing businesses to rethink their financialplanning strategies. What is Prophix? Who Its Meant For?
What is FP&A software? Financialplanning and analysis (FP&A) software is a type of financial management tool that helps businesses plan, monitor, and optimize their financial performance.
Prophix is a financialplanning and analysis (FP&A) platform, offering robust tools for budgeting, forecasting, reporting, and financial consolidation. However, as organizations scale or require greater flexibility, many finance teams encounter limitations with Prophix.
Sage Intacct is a leading cloud-based financial management software built for small and mid-sized businesses (SMBs). It handles core accounting tasksaccounts payable/accounts receivable, cash flow, general ledgerwith ease, and comes equipped with dashboards and real-time reporting to streamline daily operations.
Finding the right FP&A software isn't just about comparing feature listsit requires digging through countless user reviews, navigating different rating systems, and reading between the lines of real customer experiences. Think of it as your cheat sheet to finding the perfect FP&A software, saving you time and headaches.
Financialplanning and analysis (FP&A) is at the core of running a profitable hospitality business. Whether you’re managing a boutique hotel, branded property, or a global chain, having accurate budgets, rolling forecasts, and real-time insights is non-negotiable.
This relates to FP&A which stands for financialplanning and analysis. The emerging FP&A practice steps out of the shadow of other finance functions becoming a standalone entity which involves its own mission, goals, organization, processes, tools and skills.
The finance function now plays a crucial role in many organizations supporting and driving effective business decisions, and this is exactly the responsibility of FP&A standing at the crossroads of finance, strategy and technology to leverage data and generate insights. APQC, AFP Next level of FP&A study, 2019 2. Sources: 1.
This episode focuses on how DSE business models present new challenges with regard to FinancialPlanning & Analysis (FP&A) processes, which require enhanced agility, scalability and end-to-end integration to handle DSE's inherently dynamic requirements. How is FP&A different from traditional accounting?
With constantly evolving role of the finance function in the organization, these are FP&A practitioners who feel the most pressure to be jack-of-all-trades. There is a specific product on the market I could associate FP&A with, and this is a Swiss multi-tool. So, if FP&A were a Swiss multi-tool, how could we sell it?
Many FP&A professionals have faced the misunderstanding of the role of the FP&A function and its core activities in the company. This article explores the most common myths surrounding the financialplanning and analysis function, its key activities and outputs which many FP&A stakeholders believe in.
We are pleased to welcome an expert in FinancialPlanning and Analysis (FP&A), Mr. Anders Liu-Lindberg, as a guest to the Jedox blog. In a large scale survey by a global firm, CFOs named FinancialPlanning & Analysis (FP&A) a top priority to transform and derive more value.
As change continues to add uncertainty to the Healthcare sector finance leaders remain tasked with effectively analyzing, monitoring and predicting the financial performance of your organization. Accelerate your budgeting cycles and minimize the risk of data errors. Today, it’s a fast-paced business world.
As change continues to add uncertainty to businesses across industries, finance leaders are tasked with effectively analyzing, monitoring and predicting the financial performance of their organizations with a new level of granularity. Today, it’s a fast-paced business world. That’s a lot of moving parts.
Budget season is one of the most important times for financial teams, as it sets the tone for how well the company will grow. However, teams shouldn’t only focus on business budgeting for a month or a year. They should forecast and plan for them all year long. The costs and expenses are set well in advance.
Among these are the changes that were faced in the financialplanning and analysis function. Data in the cloud also aided Vena Energy’s FP&A team in analysing data remotely. Chew believes this technology contributed significantly to the success of their FP&A operations.
Business budgeting is a crucial factor with the ability to impact a business’ long-term success or failure. Along with providing important information regarding day-to-day operations, an accurate budget better enables companies to predict revenue, trim costs, and make decisions regarding expenditures and opportunities.
Between a volatile stock market, high interest rates, supply chain issues, inflation, and a possible recession, having a solid financialplanning process in place is an important piece of sustaining your business through challenging times. Budget vs Actual Statement – What It Is and What It Isn’t.
Technology adoption in FP&A is set to accelerate, driven by macroeconomic uncertainty and ongoing disruptions, said Gartner recently. Making FP&A more predictive and agile will offer enormous benefits and help to make the business more responsive to changing economic conditions and new opportunities.”.
Workforce planning is important to meeting your organization’s strategic vision, but it’s something that many consider a kind of fortune telling. In reality, it’s more science than art, and should be a critical component of management’s operational planning – especially during uncertain times. Download the Workforce Planning Toolkit.
According to Gartner, 70% of new financialplanning and analysis (FP&A) projects are slated to become extended planning and analysis (xP&A) projects by 2024. Historically, financialplanning & analysis has centered around tasks such as planning, budgeting, forecasting, and performance management.
FP&A software assists CFOs, finance leaders, and FP&A experts in ensuring the financial health of their organization by tracking and analyzing current outcomes and forecasting future performance. What is FP&A? Why do you need FP&A? The top 10 best FP&A Software Tools Available.
However, when your skilled FP&A team members spend hours gathering and formatting static spreadsheets, that’s less time being spent on analyzing results, developing what-if-scenarios, and modeling strategic plans and forecasts. So how can Oracle NetSuite customers automate FP&A?
FinancialPlanning and Analysis (FP&A) teams play a crucial role in companies by performing budgeting, forecasting, and analysis that support major corporate decisions of the CFO, CEO, and the Board of Directors. How things have changed for the FP&A teams.
At Centage, we’re committed to equipping finance teams to meet this challenge by providing automated, cloud FP&A software solutions that make it easy to perform the detailed, bottom-up budgeting and sophisticated scenario analysis needed to spot risks and opportunities early. So how are CFOs shifting their goals for 2023?
Just as content is king in the world of marketing, when it comes to financial decision-making, data is everything. If you want to outsell the competition, then upgrading your financialplanning and analysis (FP&A) efforts is of the utmost importance.
Between pandemic insecurities, a supply chain crisis, labor shortages, and the growing threat of recession, companies that rely on traditional planning and forecasting may find themselves struggling to stay competitive. To stay agile and accurate, businesses need to utilize automated financial tools that allow for rolling forecasts.
The current economic circumstances haven’t just resulted in financial uncertainty for millions of Americans. They’ve also helped reveal the problems inherent in conventional budgeting methodologies. Read on to discover the benefits of rolling budgeting, rolling financial forecasting, and mid-year forecasts for your business.
What is FinancialPlanning and Analysis or FP&A? FP&A is a process used by organizations to develop and manage their financialplans and make informed decisions based on financialanalysis. The primary objectives of FP&A. The primary objectives of FP&A.
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