Unlocking FP&A Success: Overcoming Data Accessibility and Reliability Hurdles with Technology
2025-01-14
TMCnet
A recent survey highlights the challenges faced by Financial Planning and Analysis (FP&A) teams in leveraging technology due to unreliable and inaccessible data. To mitigate this, Enterprise Performance Management (EPM) tools are being widely adopted, with 71% of respondents using them for quarterly planning and over half for daily or weekly planning, showcasing the importance of data management and business intelligence in driving success. By addressing data accessibility and reliability issues, FP&A teams can unlock the full potential of technology and drive informed decision-making. Key areas of focus include data analytics, cloud-based EPM solutions, and digital transformation.
