When uncertainty isn’t so daunting
CFOs and their planning teams have been moving from history and hindsight to intelligence and foresight for years. Today they face an urgent imperative to make faster, more radical changes to how they work and support the business. While many FP&A teams are implementing new technologies and process improvements, few are truly re-inventing their business partnering and decision support capabilities.
FP&A teams that can spend most of their time generating insights rather than preparing the data can realize significant benefits, such as reducing planning time by 80%, improving forecasting accuracy by up to 95% and freeing up to 12 hours of employee time each week to focus on more interesting work.
To get started today, FP&A teams need to make sure that they are addressing data, technology, talent and processes across their finance function. CFOs that get it right can help the business cut through uncertainty, deliver predictive insights to solve for today’s challenges and adopt to respond to tomorrow’s unknowns.