More control

A more reliable source of truth gives your data genuine power

Excel is a personal productivity tool. One that’s often subject to errors and omissions, not secure and lacking common standards for process controls and validations. On the other hand, a dedicated FP&A tool would ensure one source of truth for actuals, forecasting, and planning data. Allowing for collaboration amongst teams and creating trust in the numbers.

The role of finance is changing

In its role of supporting multiple business functions, the high-performance FP&A team of the future will be pivotal to any organization’s success. To achieve this, they’ll:

Have to combine and validate data from multiple sources – both human input and databases.
Know that all relevant data is current and complete to ensure trust in the outputs.

Excel spreadsheets weren’t designed for multiple users or for making numerous updates and changes. Doing this here tends to cause confusion, frustration, and, of more concern, distrust in the numbers provided.

FP&A tools ensure that finance teams work with the most up-to-date information available thanks to version control and automatic synchronization.

They will also secure your data in a single, always-on database accessible to authorized users from any device.

And with self-service dashboards and AI functionality, you’ll not only have more control over budgets and forecasting, but you’ll also have more time for the added value work.