UNLEASHING
FP&A BEST PRACTICES

PROPEL Your oRGANIZATION to a HIGHER-LEVEL

Data41 unleashes the power of data to improve budgeting, forecasting, reporting, and analysis enabling organizations to use Financial Planning and Analysis (FP&A) best practices to drive smarter decisions by operating managers, the C-Suite, and the Board of Directors.

fp&a best practices

DATA41 Delivers FP&A Best Practices

Data41 can prepare data and provides analytics aligned to your strategic objectives to assist managers in optimizing financial results through scenarios and simulations to ensure accuracy and accountability throughout the FP&A process.

CONSOLIDATE & AGGREGATE DATA

Consolidate data to gain a single view of the organization, and increase, competitiveness, efficiency, effectiveness, and adaptability to unexpected changes. 

Visualize data from all departments to make predictions, detect errors, and make data-driven decisions.

Enrich data to produce better customer insights, optimize the supply chain, improve responsiveness, reduce risks, and enhance predictive analytics. 

 
BETTER REPORTING & ANALYTICS

Visualize, explore, and interact with business analytics and insights to get a better handle on the latest trends, spot errors, and respond faster to change.

Transform financial data into an engaging story with details and patterns that help management make smarter decisions.

Predict future organizational needs, mitigate risks, compete better, and improve the customer experience with advanced data analytics.

IMPROVED FORECASTING

Use real-time data to look past the present and predict the future. Anticipate demand, fluctuations and gain insight into your company’s health and competitive position.

Set realistic goals and establish more accurate budgets.

Learn from mistakes, course correct, adapt faster, accelerate innovation, and improve competitiveness.

PUT THE X IN PLANNING & ANALYSIS

Financial Planning and Analysis is not just for Finance anymore, automated planning and forecasting improves the accuracy and efficiency of the entire organization. Here are just a few FP&A best practice examples:

sales fp&a best practices
SALES

Use a data driven approach to produce plans using existing sales data to create more accurate forecasts.

Focus sales teams on the highest probability targets, and receive updates on the sales funnel in real-time

marketing fp&a best practices
MARKETING

Understand the ROI of marketing activities and decide faster which activities should get more focus, improve, or stop.

Use a data analysis to adapt existing campaigns more quickly and easily.

procurement financial planning and analysis best practices
PROCUREMENT

Save money and increase productivity by reacting faster to supply chain shortages or price increases.

Optimize cost, capacity, and quality efficiently and provide complete transparency.

HR financial planning and analysis best practices
HUMAN RESOURCES

Identify new organizational needs earlier and develop plans to meet them.

Continuously monitor organizational goals with data generated from existing infrastructure tools.

FP&A ADVANTAGES

Data41 can improve how data and analytics supports your FP&A processes and deliver significant benefits to your organization including:

SMARTER DECISION MAKING

Achieve data-driven planning and analysis using automation to create a fundamental shift in how your organization sees FP&A. When data flows freely, it builds trust, shifts its use, and leads to improved decision-making and better business strategies.

SUSTAINABLE ACCELERATED GROWTH

Automate planning processes and streamline workflows to create transparency and focus on key data and business KPIs. Get management teams collaborating to improve the most important business drivers to accelerate growth.

INCREASED PRODUCTIVITY

Automate planning processes and streamline workflows to reduce repetitive time and resource-intensive tasks freeing up work hours and bandwidth. Employ machine learning, artificial intelligence to additionally save resources.

FP&A FAQS

Budgeting, forecasting, reporting, and analysis are the foundation of FP&A. FP&A supports corporate decisions helping managers make smarter and informed decisions based on data.

Accounting is governed by a set of rules and standards that make it very rigid. FP&A is more conceptual, making it easier to tailor as a management support tool to specific organizational goals and objectives.

Financial planning and analysis (FP&A) professionals prepare budgets, reporting, and assist in forecasting. A FP&A Analyst is a management support role designed to assist in providing the financial data needed by managers to make informed decisions.