Financial Planning & Analysis
Finance Transformation in the Fourth Industrial Revolution
The Role of Finance in the Fourth Industrial Revolution
The role of finance is shifting substantially away from predominantly accounting functions into information enablers. Finance users are facing significant pressure to perform faster, provide bigger insights, analyse more, predict more and guarantee certainty – a daunting task. The challenge that many teams face is how to make that transformation, where to start and how to ensure that they get it right!
Providing order in the complexity and streamlining the ways of working can help finance teams to make real future gains. A holistic approach is needed to taking each of these complex functions and bringing them into order through a streamlined and clearer process and approach to drive the change.
The world of Finance is in its largest phase of transformation since the inception of the computer
81%
of CFO’s said they see identifying & targeting areas of new value across the business as one of their main responsibilities
77%
of CFO’s said it is within their purview to drive business-wide operational transformation
75%
of time in top-performing finance functions is dedicated to data analysis and insights
80%
of finance functions can be automated, releasing significant time to spend on proactive, higher value business tasks
How we’ve helped our customers with Financial Planning & Analysis
Reduced Planning Time by 60% in leading SA Manufacturer
Improved Operational & Financial Integration by 200% in Leading SA FMCG Company
Decreased errors and improved data integrity in leading SA Retailer
Start Your Finance Transformation Journey Today
Real-time analysis using external and internal data
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Bringing Finance capability to the technology and innovation in FP&A
Bridging the gap between IT and Finance to ensure success of the initiatives
Integrated perspective of past, present & future performance
Improved business performance
Key Focus Areas for Your FP&A Journey
Transforming to continuous planning and scenario modelling cycles
Improving speed and accuracy of financial close and reporting
Leveraging AI to shorten planning cycles and improve insights
Integrating finance and operational data to drive greater insights
Planning & Scenario Modelling Cycles
Transforming to continuous planning and scenario modelling cycles
Continuous active planning changes the way that the business is able to adapt to changes in conditions and adapt to realise the planned future.
- Evolution away from large bottom up planning cycles to agile top down driver based planning
- Providing business with the ability to model outcomes of the business
- Integrating planning data into every day business performance conversations
Financial Close and Reporting
Improving speed and accuracy of financial close and reporting.
- Reducing the time it takes to provide insights to business
- Automating processes in finance to return people to adding value
AI Driven Planning Cycles & Insights
Leveraging AI to shorten planning cycles and improve insights.
The future of FP&A goes further than integrated operational data in the value chain and AI and ML enable greater insights in the future.
Use AI to improve accuracy in forecasting which improves the accuracy of the planning
- Automating insights, such as scanning financial performance and planning data to automatically detect outliers or anomalies
Integrated Financial & Operational Data
Integrating finance and operational data to drive better planning and analytics
The traditional models of financial planning being independent of operational performance is changing as customers integrate multiple sources to aid in planning.
- Using operational data to leverage greater insights in performance
- Using external data sets to provide substance to understanding performance
- Providing visual ways for people to experience information in the business
Finance Technology Partners
Manufacturers’ 5 Biggest Reporting Challenges
Welcome to the complex world of modern manufacturing, where dynamic environments place high demands on the finance function to provide timely, accurate reporting. Unfortunately, many organizations are not properly equipped to meet these challenges.
Manufacturers’ 5 Biggest Forecasting Challenges
What’s keeping you up at night? Maybe you’re wondering if the revised standard cost and asset utilization assumptions at the assembly plant will be sufficient to hit the profitability targets you set. Or perhaps you’re worried about getting accurate demand forecasts early enough from sales to ship parts by sea and reduce freight costs.
Danger Zone: How the Pace of Finance Threatens Corporate Agility
As the top guns of finance, CFOs are chartered with piloting their organizations to new heights, successfully anticipating and navigating turbulent economic times. Yet, as the pace of business accelerates, many CFOs report they are feeling a need…a need for more speed.