The financial planning and analysis (FP&A) function has undergone a dramatic transformation and re-modelling around the globe over the last decade to help it to provide these predictive capabilities. New technologies and ‘big data’ software interrogation tools mean that numbers can be crunched and accurate scenarios run thanks to the rise of cheap ‘big computing’ power.
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Like every other industry today, finance is evolving. Rising expectations of the function mean that finance leaders must find ways to deliver more with less, all while maintaining stricter controls and keeping up with a changing and turbulent environment.
Despite its powerful capabilities, for finance teams working with Excel is far from perfect. Here are some things that can go wrong, and what you can do about it.
We are no longer in an era of change, but a change of era.
– Andy Stalman