As FP&A functions work around the clock to support critical decision-making under testing conditions in the short term, they must transform for the long term, too. They must reprioritize their initiatives – focusing on agility, the cost to serve, and resilience – to help their organizations survive and grow.
The journey starts with teams improving their speed of response as an immediate action and evolves into future-proofing the FP&A functions against new disruptions. This requires organizations to adopt a combination of scalable operating models, integrated business planning, analytics on demand, and business partnering. Only then can FP&A functions be nimble enough to make faster and more strategic contributions.
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This point of view is authored by Vivek Saxena, F&A Service Line Leader; Lavi Sharma, VP, Record to Report; and Kinnar Sanjanwala, VP, FP&A, Genpact.