Financial Reporting: Best Practices

A modern-day FP&A team's role is expected to be forward-looking and strategic. However, when FP&A teams are stuck using legacy planning software, their strategic duties are often hindered, and time is, instead, taken up with manually generating reports. To empower FP&A teams and enable them to focus on high-value strategy to optimise future performance, they need to equip themselves with the right tools.

Discover these 4 best practices for financial reporting:

• Form a “Single Source of Truth”
• Group Audiences by Roles or Business Function
• Leverage automation capabilities to generate reports
• Gain faster, accurate insights using NLP technology and self-service analytics