The role of FP&A is evolving with advancements in people process and FP&A technology. The evolution is characterized by three phases:
As companies progress through this lifecycle, finance teams can have new opportunities to provide enhanced value to the business. Today most companies exist in phase 1 or 2. They should prioritize the move to Phase 3 because the competitive benefits are critical. Finance teams in Phase 3 are change agents of innovation growth and value creation in the business because they optimize business collaboration and agility across all business users in the organization.
Download the paper to learn about what phase of the evolution your business is and how to take your finance team to the next level.
We’ve been very happy with Planful and the CFO Solutions team, which led implementation, and I look forward to discovering new ways to improve our business — we signed a three-year agreement, so we’re betting on Planful for long term.