The mission-critical priority of the CFO in the post COVID-19 era centres on optimising costs and capitalizing on new growth opportunities.
In its 2020 strategic roadmap, Gartner says financial planning and analysis (FP&A) plays a key role in modernizing and transforming the office of finance. New levels of integration, extension, intelligence and automation will require application leaders in finance to expand their vision and revisit strategic roadmaps.
One approach is to build centres of excellence built around proven frameworks and advanced analytics capabilities. This will lead to a renewed focus on financial performance and processes.
This Jedox white paper, Enterprise Planning in Times of Uncertainty, highlights the challenges faced by CFOs and the finance team during turbulent times. David Upton, Director Strategic Partnerships and Alliances for APAC at Jedox, deep dives into the drivers for the increased demand around forecasting and analysis within the finance function, and the tools and practices FP&A teams are employing as they switch from reporting to advising.
Also included is how Philips China used analytics to do more with less.