Take the Financial Planning and Analysis Quiz!

Every day, the correlation between business agility and competitive success grows stronger. That’s especially true now, in the aftermath of a pandemic that has intensified more than a decade of compounding instability. The gap separating today’s top-performing businesses from those being left behind is growing wider as the enterprises that plan for change accelerate and those that only react stall. Top-performing companies understand that business agility is impossible without a modern cloud-based planning solution.

Take the Financial Planning and Analysis Quiz to find out what kind of planner you are, and we’ll instantly deliver the most helpful content so that you can achieve your financial planning and analysis goals.

1. Where are you in your financial planning and analysis (FP&A) journey?

We want to achieve business agility via a cloud-based platform We want to work closely with our CIO to develop a digital finance transformation strategy We want to understand how modern planning works and implement a cloud-based modern planning platform

2. What is your most urgent FP&A challenge?

We want to transform our retrospective planning into a process of continuous planning for greater agility Our current ERP system isn’t flexible enough to meet the fast-paced demands of today’s business environment Our current system is heavily manual, so its data is limited and out of date

3. Why is improving your FP&A important to your organization?

We want to empower our organization to anticipate and respond to today’s dynamic rate of change We want to transform the finance department, but we need to work closely with IT to ensure a successful transformation We want to improve our ability to provide unified, coherent, strategy-planning capability across the business

4. What would be the biggest business benefit of a cloud-based FP&A solution?

Enable finance to implement continuous planning, rolling forecasts, and scenario planning, so our business can act on insights in real-time Enable finance to be a more agile and strategic part of the business Provide finance with the tools it needs to develop and upskill its employees

5. When it comes to business agility, what’s top of mind?

Transforming finance, so our employees have the tools they need for their development and upskilling Understanding how modern planning has helped other businesses be agile Keeping pace with the volume, variety, and velocity of planning data in our organization so that we can be agile

6. What do you wish your current FP&A system could do better?

I wish it could integrate both financial and non-financial data from across the business into a single, cloud-based system I wish it had the functionality, agility, and oversight that finance needs to derive insights inside and outside the business I wish the technology was integrated, which would accelerate our modern planning capabilities

7. What is a leading concern about your current or legacy technology?

It lacks a built-for-purpose foundation for planning intelligence, automation, and scalability Our legacy systems contain a lot of disjointed data, so it’s hard to model forecasts or plan for various scenarios We need to modernize our legacy ERP, but finance and IT lack time to do so

8. What do you see as the biggest benefit of a cloud-based FP&A platform?

It would enable finance and IT to work together to improve data availability and usability and make faster decisions It would enable continuous planning, so we could be proactive in the face of changing conditions It would enable finance to implement modern planning across the entire company, so employees could make informed decisions in real time

9. Why is an FP&A service provider’s customer service important to you?

It will provide us with the support we need to scale our operations and be agile It will free our IT department so they can work closely with finance during our digital finance transformation It will provide us with the support we need to implement a cloud-based modern planning platform

10.What are the likely consequences for your business if you don’t improve your FP&A?

We would lack a companywide ability to identify, prioritize, and seize opportunities sooner We would lack the tools to streamline financial close, consolidation, and reporting We would lack the ability to shift from periodic and siloed planning to ongoing, concurrent, and unified planning