What Exactly is Financial Planning & Analysis?
In the simplest of terms, Financial Planning & Analysis is designed to create a strategically aligned and forecast refined bridge between your finance department, and the operations of your business. At its best, it should enable you to make the most informed financial and operational decisions about your business both short-term and long-term. Additionally, nowadays with modern analytics solutions, Cloud-based technologies, and automation software, cross-departmental collaboration couldn’t be easier.
Why do Businesses Need Financial Planning & Analysis?
Coupled with what we’ve already touched on above, businesses benefit from financial planning because it gives teams a chance to establish more effective results across the entirety of an organization, along with encouraging them to become active partners in the success of a company. Furthermore, given the right tools and visibility, it offers them a wide range of involvement when it comes to creating company-wide plans to generate effective and actionable results.