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What is FP&A?

FP&A is a set of activities that supports financial management and improve decision-making

Organizations rely on FP&A to achieve operational, financial and strategic goals. Financial analysts develop forecasts designed to reflect how the business will perform. Source data includes cash flow, Microsoft Excel spreadsheets, business trends, variance analysis, historical data and profitability modeling. With this FP&A data analysts can assess how the budget and forecast compare against actual financial performance and how to best approach efficiency goals and fiscal strategies. 

The future of FP&A: digital transformation

CFOs and senior management need accurate forecasting from their FP&A team to make reliable data-driven decisions. As we enter a new era of financial transformation with organizations looking to integrate, manage and analyze their enterprise data, the FP&A job description will take on a strategic, digital-first approach.

FP&A professionals are moving away from planning and forecasting in Excel spreadsheets, which are too often created in an ad hoc manner and siloed across business units. A digital-first approach to planning means organizations are adopting strategies that are focused on process automation, agility, transparency and data-driven decisions.

FP&A teams are now adopting solutions that allows them to alter plans, reforecast or modify budgets in real time and integrate planning across business units to speed up decision-making, therefore improving the accuracy and reliability of plans and forecasts.

A reliable financial model is needed to create a solid business strategy. This requires solutions designed specifically for FP&A reporting that enhance operational efficiency and generate insights. Selecting the solution is an important decision that may involve the chief financial officer, FP&A manager and other corporate stakeholders.

 

IBM® Planning Analytics puts the power of algorithmic forecasting, financial analysis and financial modeling in the hands of FP&A analysts.

FP&A practical applications

Efficient FP&A processes help organizations align to realize strategic goals

Benefits to implementing FP&A tools

What to look for in an FP&A tool

Great FP&A solutions for your organization’s financial needs help you achieve these goals.

FP&A resources

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