Financial planning and analysis (FP&A) leaders remain challenged to decrease reliance on spreadsheets in planning and decision making. Download this strategic roadmap to explore underutilized components of FP&A technology and how creating an FP&A technology roadmap sets organizations up to exploit modern capabilities.
Key take-aways
- Spreadsheets have a detrimental impact on agility in FP&A, inhibiting the ability to identify risks and opportunities and adjust outdated plans.
- Machine learning and other AI components present an opportunity to set a new standard in FP&A.
- Data architecture and models that underpin FP&A technology should be the “analytic twin” of an organization’s business model. Misalignment leads to an undervaluing of and loss of confidence in technology.
- Democratization of analytics and business intelligence tools and legacy reporting platforms has led to unresolved governance issues that undermine information dissemination and consumption.
