Ten to fifteen years ago, I was a fraud examiner and forensic accountant. I was responsible for examining financial mischief. This included cash flow mismanagement, inventory manipulation, check kiting, and outright theft.
Business intelligence software is easy-to-use, affordable, and offers an alternative to running filtered pivot tables and pivot charts in Excel. The incorporation of data visualization platforms, such as Tableau, Qlik, and Power BI, are revolutionizing the ways in which financial information is presented.
Financial planning & analysis, or more commonly referred to as FP&A, is a business discipline focused on financial management and strategic alignment. To put it more simply, if a CFO’s position were broken down into its many parts and those parts were translated into separate job descriptions, most of those jobs would be in FP&A.
Among all the changes taking place within FP&A today, digital transformation is one of the most significant. Never in the history of business has information been so accessible, so quickly, as it is today.