Which aspect of FP&A agility needs the most improvement for the future?
The FSN's Agility in Planning, Budgeting & Forecasting Survey 2021 reveals a low penetration of modern accounting techniques and uncovers important trends:
- renewed urgency to transform post-pandemic, especially for forecasting as organizations want to forecast more often
- need to eliminate static spreadsheets for financial reporting as it is slowing down the decision-making process
- desire to move to one unified budget model for the whole enterprise, connecting all business functions
- lack of digital skills is a growing issue and a major roadblock to transformation
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Chief executive officer, FSN
Senior editor, FSN