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AI Revolutionizes FP&A: Where Precision Meets Possibility
Artificial Intelligence (AI) has become a transformative force in FP&A. Where leadership sees AI as a long-term transformative tool, operational teams value immediate, practical enhancements.
%
of all respondents identified AI as the top FP&A trend.
%
of Executive and C-level respondents named AI as a top trend.
%
see predictive analytics as a priority.
Shaky Foundations: Data Quality Tops the List of FP&A Challenges
FP&A teams are grappling with the basic building blocks of effective financial analysis, where flawed or incomplete data undermines the usefulness of even the most sophisticated tools.
When asked to choose their top three FP&A challenges, survey respondents selected the following:
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%
data accuracy and integrity.
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%
integrating disparate systems and data sources.
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%
timely access to critical data.
The Spreadsheet Dilemma: Why We Can’t Quit Excel (But Should)
The familiarity and flexibility of spreadsheets make them indispensable — but they also come with significant limitations. Manual data entry, version control issues, and lack of scalability hold FP&A teams back in an era of increasing complexity and speed.
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%
of respondents still rely on spreadsheets for critical financial processes.
%
say that spreadsheets are their only FP&A tool.
%
of respondents use a dedicated FP&A tool.
Data Silos: A Drag on Satisfaction and Confidence
Disconnected systems remain a significant hurdle for FP&A teams. Gaps in integration lead to inefficiencies, delayed insights, and inconsistent reporting, all of which slow decision-making and undermine confidence in strategic planning.
%
of respondents with fully integrated systems are satisfied with their FP&A function’s overall effectiveness.
