Business leaders are asking for improved analytics and greater decision-making support from their financial planning and analysis (FP&A) organizations. Unfortunately, many large FP&A organizations are still focused on tactical activities such as data gathering and report generation that add little overall value. This paper explains how to transform FP&A to meet the growing demands of business partners.
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The Hackett Group helps companies significantly improve the efficiency and effectiveness of their organizations. We objectively measure business performance and provide fact-based transformation plans for achieving and sustaining world class, based on data and analysis from more than 13,300 benchmarks. For the typical Global 1000 company, this could mean as much $302 million in cost savings and more than $3.2 billion in working capital.
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