Financial Planning & Analysis
Planning &
Analysis
Over the past few years, CFOs and their teams have been under increased pressure to evolve from record and scorekeepers into strategic business partners. They are being asked to deliver meaningful business intelligence to the C-suite, provide rapid decision support across the enterprise, and steer the ship in a profitable and sustainable direction. That’s where FP&A comes in.
Financial planning and analysis (FP&A) is a set of planning, forecasting, budgeting, and analytical activities that support a company’s major business decisions and overall financial health. With a corporate FP&A system, finance teams can combine financial data, operational data, and external data (like market trends) in one place. Finance can analyse it all and uncover the in depth insights they need to plan for the future and guide more profitable decision making.
Financial planning and analysis is typically part of a broader financial management system which also includes functionality for accounting, revenue and cash flow management, governance, risk, and compliance (GRC), and other core financial processes. Alternatively, FP&A can be part of a standalone analytics solution that integrates with other business systems, like ERP. Either way, FP&A has grown from basic spreadsheets and manual calculations into modern, cloud based solutions that use artificial intelligence (AI), automation, and advanced analytics to meet the financial challenges of a rapidly changing world.
Key Benefits
Data Consolidation & Verification
Accurate Plans, Forecasts, Budgets & Analysis all dependent on the quality & completeness of data
Performance Monitoring & Analysis
Analyze financial data & monitor performance – including Sales, Expenses, Profit, Working Capital, Cash Flow & other KPIs – on an ongoing basis
Planning & Forecasting
Use the prepared data to created financial forecasts that predict how the business will perform in the future. Predictive Planning, Driver Based Planning, Multi-Scenario Planning
Budgeting
Estimates the Expenses needed to execute the corporate plan based on the revenue from the Strategic Plan
Data Consolidation & Verification
Accurate Plans, Forecasts, Budgets & Analysis all dependent on the quality & completeness of data
Performance Monitoring & Analysis
Analyze financial data & monitor performance – including Sales, Expenses, Profit, Working Capital, Cash Flow & other KPIs – on an ongoing basis
Planning & Forecasting
Use the prepared data to created financial forecasts that predict how the business will perform in the future. Predictive Planning, Driver Based Planning, Multi-Scenario Planning
Budgeting
Estimates the Expenses needed to execute the corporate plan based on the revenue from the Strategic Plan
