FSN - The Future of Planning, Budgeting and Forecasting
According to the FSN 2017 Global Survey's findings about the future of Planning, Budgeting and Forecasting, a modern and more effective finance function should focus on:
- Inclusion of non-financial data in decision-making processes
- Automation and Standardization of BPF across the entire organization
- Moving planning and analytics to the Cloud
Applied to FP&A function, new technologies are among the main factors that contribute to forecasting excellence and a great help to distinguish more and more the finance function from the accounting function.
As the FSN survey highlights, however, many organizations (60%) fail to support management’s decision-making with the insights they need to improve performance.
So, the obvious question is what makes the forecasting process insightful?
The research was conducted amongst the 50,000 members of the FSN Modern Finance Forum on Linkedin globally and represents one of the largest and most authoritative global surveys of its kind.
Download the full research now to discover more!