Everyone wants more from finance. The business wants a strategic partner with flexible processes and interoperable systems. The CFO wants controlled operations and a seat at the decision table when capital is deployed. Financial Planning & Analysis (FP&A) wants to be the team that leans into the business to apply finance acumen and drives decisions. But is this the reality? Are FP&A teams being encouraged to look ahead or are they still encumbered with the mundane and routine work that has been expected from them?
In response to these burning questions, APQC and the Association for Financial Professionals (AFP) conducted a study analyzing survey and interview data to understand where FP&A stands in these efforts, the current tools, technologies, and techniques used by organizations for FP&A, and the associated skills required of today’s FP&A professionals.