Today’s volatile economic conditions, pressure on margins and focus on risk has increased the pressure on the CFO’s office more than ever to outperform financial targets, create sustainable value and show the ability to facilitate the decision making process.
Financial Planning & Analysis (FP&A), often also referred to as Enterprise Performance Management (EPM), focuses on overcoming these challenges by establishing a framework where corporate performance is captured, analysed, understood and adjusted accordingly. Planning, Budgeting and Forecasting are key performance management activities and delivering a faster financial close and disclosing financial data to internal and external stakeholders sooner gives organisations a competitive advantage, allowing the management to spend more time on analysing reasons and making decisions.
The usage of modern FP&A solutions facilitates this through the following functions:
Our end to end approach to a tailored performance management solution.
The first phase of our proven method aims at understanding your performance management strategy, articulating the vision and goals, and ensuring the buy-in of all stakeholders. It also covers all project kick-off activities.
This phase focuses on analysing the current framework and defining desired capabilities based on leading best practices for planning, budgeting and forecasting in industry. This includes the review current reports, processes, technical infrastructure, guidelines and holding workshops and interviews with key stakeholders.
After all analysis has been completed, detailed initiatives are developed, covering future state options for planning, budgeting and forecasting processes as well as technical infrastructure. Initiatives are ranked and prioritised in workshops to agree on a desired performance management end-state.
Selected initiatives are translated into a detailed implementation roadmap to reach the desired performance management framework, potentially involving multiple phases and projects. This includes timelines, dependencies, resources, processes, technical architecture and capabilities. A business case is produced for executive approval.
The final phase involves the actual implementation of either process improvement to your existing framework or the implementation of new technology. Based on the roadmap, this may involve one or multiple projects to reach the desired end-state which follow our proven project management methodology for implementation projects.
Due to the diverse experience of our specialists, Bluetree is in the position to assist your organisation in establishing a performance management roadmap that fully integrates with your business strategy and develop the right initiatives based on current best practices for your industry. After ensuring the right future processes have been defined, we are in the perfect position to support you in selecting the right technology and manage the entire implementation of a new solution or enhancements to your existing solution from start to finish.,
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