The FP&A function is charged with helping the business identify business trends, gain insights, and lay the groundwork for future business decisions. FP&A professionals build plans, budgets and forecasts that rely on historical assumptions and data.
But what happens when historical assumptions are not valid for the current markets? How do you forecast for a future when the data is unknown? Such is the case with COVID-19. The world faces a situation where uncertainty is the order, and the only certainty is that nothing can be predicted with a high degree of confidence.
In 2020, the Association for Financial Professionals (AFP) surveyed 500 FP&A professionals. The results of the survey are summarised in this report, 2020 AFP FP&A Survey: The Technology and Data Platform Supporting Finance Decisions which examines FP&A’s abilities in the areas of data-analysis-action by focusing on the quality and accessibility of the data, and the planning and analytical tools available to examine and find meaning in that data to help drive actions.
The information in this survey report will enable those in the finance community to understand their own capabilities relative to their peers, set goals for continued growth and understand the challenges in attaining those goals.
Click on the link to download your copy of the report.