Financial Planning & Analysis
Finance Transformation in the Fourth Industrial Revolution
The Role of Finance in the Fourth Industrial Revolution
One of the largest areas of disruption that we see sits with the role of finance. As we have progressed from the Computing era into the Information era this has put information and its custodians at the forefront of the conversation.
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 take each of these complex functions and bring them into order through a streamlined, 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
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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
Six Best Practices of Top Controllers
A finance department that’s running smoothly is table stakes. Today’s top controllers look for ways to improve productivity, reduce costs, and streamline processes.
Why the Digital Era Demands Agile Planning
This report explores the features and functions of cloud-based CPM, including budgeting, planning,
forecasting, modeling, analysis, reporting, financial consolidation and regulatory reporting. Constellation also explores the vendor’s target customer, industry specialization, geographic reach and pricing models.
Four Secrets Behind Great Budgeting and Planning
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