In this post, we will focus on a term very well known in finance: Financial Planning & Analysis, or FP&A. How has it changed in the Digital Age? Is it possible to expand FP&A outside of finance? How are advancements in technology supporting the expanded, more strategic role of finance? And finally, what is xP&A?
Renewing business technologies that have slowly seen their value erode over time or become problematic ultimately means added value for your organization. This, of course, is when circumstances are ideal. Let's take a look at a few tips on how to ensure success.
Occasionally business leaders have to consider the IT technologies that are used within their organization and whether or not they still meet their needs and match their goals. Outdated and ailing platforms eventually lead to a loss of productivity and efficiency which ultimately causes the organization to lose their competitive edge and ability to optimize their value creation.