In a rapidly changing world, the way accountants budget continues to adapt. Businesses need ‘storytellers’ with real-time information to help provide visibility on how a company will perform, which will help the business leaders have access to the information they need to make the best possible strategic decisions.
The role of FP&A continues to change in line with this, with accountants in this space now expected to have a say on what the budgets and forecasts should look like – being business partners rather than mere presenters of information. It is often expected that the role of FP&A is extended into other departments allowing for more cross-collaboration to obtain accurate information that isn’t just isolated in Finance (xP&A). FP&A leaders also have an increasing responsibility to ensure excellent technology is utilised, or inefficient systems are enhanced, to maximise the quality of the information and consequently both collaboration and reporting.
Whether you’re in a growth organisation looking to attract investment or industry-leading personnel, or a more established business wanting to boost revenue and manage risks, it’s the data-driven actionable insights from your FP&A function that will help achieve your goals.
With analytics software becoming more affordable, with the uncertain and constantly reshaping business climate, and also ever-increasing competition in the market, there is no better time to bring aboard an FP&A architect to drive the best possible information and performance for your business. It’s time for risk reduction. It’s time for faster and more precise decision-making. It’s time for efficiency and understanding. It’s time for FP&A in your business.