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CFO Insights — Special teams: A new way to deploy FP&A

Published on: Sep 08, 2017

Technological innovations and increasing business expectations are creating an inflection point for finance, planning, and analysis (FP&A). Many CFOs may soon have to make a choice: adopt a new model that expands the function’s strategic role, or reduce its footprint as predictive analytics and other value-added capabilities migrate to front-line business units.

To date, the experience of companies with more mature FP&A functions suggests that CFOs are choosing the former approach. As finance departments explore ways to partner with the business, the FP&A function is emerging, in many cases, as the pointy end of the spear.

While many FP&A functions have been evolving in this general direction for some time, the impact of several technologies, from robotic process automation (RPA) to natural language generation, predictive analytics, and a range of self-service and mobile applications, is now so profound that the time may be ripe for senior finance leaders to think beyond mere evolution.

This issue poses the question: Is it time to emulate what some leading organizations are already doing, and envision a new operating model for FP&A — one that dramatically elevates its contribution to the organization?

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