Modern Technology Makes FP&A Easier
In a recent article on Treasury Today, the publication dedicated to providing insights and analysis on issues impacting treasury, notes that effective financial planning demands accurate and readily available data. When organizations don't have access to this data, their annual budget preparations become a prime source of stress.
But it doesn't need to be difficult to find, manage, analyze and report on critical business data. The key to making financial planning and analysis easier lies in knowing how to integrate disparate data sources. Doing so is a pre-requisite for being able to consolidate and reconcile it prior to analysis and budgeting.
Additionally, modern cloud-based platforms from vendors such as Anaplan, Workiva (NYSE:WK) and Adaptive Insights, can integrate with existing accounting and treasury systems and ERPs. By removing the need for multiple departmental spreadsheets and other systems, a ‘single version of the truth’ becomes possible.Read the full article here.
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