Research has shown that improving the performance management capability of finance departments is a key ingredient to making improvements in enterprise agility. This is of particular importance when an organisation is faced with heightened volatility, competitive pressure and where operational and financial risk is a concern. Most finance teams however, are still reliant on manual, spreadsheet-based approaches or overly complex systems which impedes the ability to deliver plans, budgets, forecasts, reports and analysis on time.
This report identifies five key themes that have emerged for finance teams in the area of corporate performance management (CPM) to expand business insight and better anticipate change.
Download this report to learn:
- How to cope with an increasing demand for information
- The importance of operational planning as an input to financial plans
- Why you should be fostering a data-driven culture
- How to simplify financial analytics
- Why a finance-owned system for planning, reporting & analysis is critical