Most CFOs are not happy with their Financial Planning and Analysis process, believing it delivers too little value and eats up too many resources. As a result, they often ask “What are Best Practices in Financial Planning & Analysis?” To date, the answers have been based on conventional wisdom, anecdotes, and popular trends propagated by finance magazines. What’s been lacking is hard data… until now.
The Institute of Management Accountants (IMA) surveyed more than 700 organizations across the globe, focusing on what the most successful organizations are doing differently from everyone else when it comes to FP&A.
This guide includes the results in the form of 12 Best Practice Principles that you can use to inspire your own FP&A transformation.