The latest Magic Quadrant for Cloud Financial Planning and Analysis Solutions from Gartner is out, and Adaptive Insights shows it is a winner across the board.
We've all been there; hard pushed for time, a critical business event demands a re-forecast. Meanwhile the egg-timer on screen tells you the mammoth spreadsheet you're trying to open, is going to take another 12 minutes! So here a few things you COULD be doing with your time, instead of sitting waiting for your monster spreadsheet to open, if you moved to cloud planning.
- creating a new scenario
- Updating assumptions
- writing a new report
- reviewing the results
Planning is becoming a core need for business today. And there is a lot of software out there to help in the process. If you are looking at improving the way the business forecasts and planning improvement is on your radar, then here are some tips on how to assess and what to look for as part of your planning weaponry.
We work with organisations both large and small from many different sectors, they start their journey with a common desire to take their planning capability up a gear.
No-one likes change, clinging to the status quo like a security blanket. We prefer the devil we know, to taking a leap into the unknown. This is just as true in the world of FP&A, maybe more so. So what is holding us back from making changes even when we know there’s a need, and what is the cost of doing nothing.
Does Excel deliver as a forecasting tool compared to solutions designed for the job.
2017 promises to be an interesting one. Political change, un-certain risks posed by currency volatility and increased compliance burdens, along with the impact of talent attraction and retention to name a few of the high profile areas which could impact. Managing any uncertainty requires the ability to build flexible plans. There is a need for Finance leaders to be pro-active, and ready to act to manage the impact of change successfully.
So given that change is going to happen, is it enough to rely on Excel as the primary tool for planning and budgeting in 2017?
FP&A leading the way
There is a good deal of focus these days on finance leading the way and how financial planning and analysis is critical to business strategy. All true and valid, yet many of you are probably still grappling with finding a solution which can deliver the basics, such as a forecasting system with up-to-date, accurate and reliable information.