With growing uncertainty in the business environment, companies are challenging their Financial Planning & Analysis (FP&A) functions to lead the way in adapting and responding to the disruption. Outlining the role of a valued business partner, SAP in their recent Thought Leadership Paper identified 3 driving forces affecting FP&A:
Force 1: Planning for Multiple Futures with Scenario Management
Force 2: Evolving into Extended Planning and Analysis
Force 3: Embracing Predictive Planning and Analytics
Please click here to read the Leadership Paper:
Legacy planning solutions delivering a fixed plan and forecast are no longer suitable for this uncertain ever-changing environment.
With SAP Analytics Cloud, I have worked across many industries delivering fully integrated and automated planning processes for our customers. Taking advantage of scenario management, predictive analytics, and XP&A the Codestone team has transformed the value FP&A functions are delivering to their business partners.
I would like to add a 4th Driving force and that is Collaboration and Storytelling with SAP Analytics Cloud. Modern Cloud-based solutions allow you to Collaborate and crowd-share your plan across your people and functions and tell the story behind the numbers with dynamic and interactive analytics.
The future of FP&A is very exciting. With the convergence of technology and business trends, Finance professionals can lead the way and support their companies in adapting to ever-changing business conditions.
Please contact us today to learn more about our customer successes with SAP Analytics Cloud.
