Countless studies show that FP&A functions are, on average, spending around 3/4 of their time aggregating, checking, cleansing and presenting information, with (at best) 1/4 of their time spent analysing, understanding, and interpreting the information in front of them
They’ve become proud users of excel and in many cases are happy just to have survived the week-long process of month-end with a ‘clean’ dataset. Ignoring the missed opportunities to actually add value to the finance food chain, there is little or no mention of time spent in the business interacting with operational teams.
So what can you do to reverse this trend? For further detail, click here.