top 5 fp&a reporting trends from 2014
TRANSCRIPT
workiva.com
Here are the top 5 trends in financial planning and analysis (FP&A)— covering the challenges that FP&A professionals face and how new technology can help.
Take these lessons, and see how you can implement changesfor a better 2015.
What can you learn from 2014?
Note: All statistics taken from the 2014 gtnews FP&A Technology Survey Report of Results: Financial Planning and Analysis Update.
Trend 1
91 percent of survey
respondents said accurate
reporting is an important
attribute in an organization’s
FP&A support system.
Professionals are seeking
ways to promote accurate
and efficient reporting.
Accuracy is job one
workiva.com
91%accurate reporting
is important
workiva.com
Trend 1
Linking gets the job done.
Wdesk allows users to live-link their
data. Source data can be linked to
documents, workbooks, presentations,
or charts. If the source changes, all
associated data points change with it.
Accuracy becomes an attribute,
not a task.
Accuracy is job one
workiva.com
63%manually updating
slows down process
Trend 2
63 percent of respondents
said manually updating
reports a�er the review and
approval process is a main
factor that slows down
monthly reporting processes.
Updating causesdowntime
workiva.com
M
ake your change
Automaticallyupdated
Automaticallyupdated
Automaticallyupdated
Trend 2
Updating causesdowntime
Automate the process.
Because numbers are live-linked in
Wdesk, changes to any given data
point are automatically updated.
Presentations and charts based on
workbooks always reflect the most
up-to-date numbers.
workiva.com
61%struggle with verifying
accuracy of data
Trend 3
Checking the numbers
61 percent of organizations
say they are struggling with
time spent verifying
accuracy and confirming
data from untrusted sources.
workiva.com
Trend 3
Tracking down data is history.
Wdesk keeps history down to the cell
level. Each change is recorded, including
who made it and when. Different versions
of documents can be compared to see
where changes occurred.
Checking the numbers
workiva.com
1/3of organizationsare satisfied with
FP&A IT
Trend 4
Looking for the IT guy
Only one-third of respondents
are satisfied with their organizations’
current FP&A-related technology
support, and more than a quarter
are actively dissatisfied.
workiva.com
Trend 4
Make a new friend.
Workiva provides each customer
with a one-to-one Customer
Success Manager, ensuring
support and guidance to all
users whenever needed.
Looking for the IT guy
workiva.com
92%want applications
that promote efficientreporting
Trend 5
92 percent of FP&A
professionals said they want
applications that promote
efficient reporting.
Searching forbetter applications
workiva.com
Trend 5
Searching forbetter applications
Look no further.
Over 60% of Fortune 500
companies use Wdesk to
efficiently produce reports.
Over
Fortune 500of the
use Wdesk
Note: All statistics taken from the 2014 gtnews FP&A Technology Survey Report of Results: Financial Planning and Analysis Update.
What makes Wdesk different?Click here to see for yourself.
workiva.com | [email protected] | +1.888.275.3125