There simply is no time to wait for FP&A to go back to an Excel model and try to figure it out. Now we also need to meet the increased demands of senior stakeholders who want answers in real-time. ![]() However, cloud and collaborative tools have long changed the game for FP&A. In the past when all you had was Excel or bulky planning systems there probably was no better way to collaborate. We will explore the modern collaboration model for FP&A in this article. Only through collaborating internally in FP&A and with business stakeholders can we derive the proper insights needed for decision-making. Thinking that a skilled financial analyst can build a financial model (often in Excel) that can give all the answers is outdated. ![]() If anything sums up what it takes for FP&A to succeed in the future, it is this. …to quote Peter Skillman from the famous IDEO shopping cart project. “Enlightened trial and error succeeds over the planning of the lone genius”
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