BeyondSquare FinAlyzer - Your partner for Financial Consolidation, Close, Analytics & Reporting

The main purpose of Financial Planning & Analysis (FP&A) teams is to drive execution of the organizational strategy. They start from where the accounting team stops. These teams focus on what may happen in the future, by using data from the past, make assumptions and explain variances to the forecast so that management can maximize value creation and take better decisions. The FP&A teams support the finance controllers by turning information into knowledge, and knowledge into actionable insights. They are less focused on day to day transaction processing and more focused on forward-looking analysis for the business. With the speed and complexity of businesses constantly increasing, the prominence of FP&A teams has vastly increased. Apart from doing the budget, FP&A answers strategic questions, forecasts for the future, ensures a timely accounting close, prepares board reporting packages, preps the executive team, divests a division, analyzes product line prof

“Measurement is the first step that leads to control and eventually to improvement. If you can’t measure something, you can’t understand it. If you can’t understand it, you can’t control it. If you can’t control it, you can’t improve it.”                                                                                                                                                H.James Harrington One of the things successful companies (big or small) do better than the rest is to constantly monitor their business performance, and use it as an integral tool to define and correct their course.  There are many other not so successful decision makers and business owners who recognize the importance of measurement but need guidance in setting up the right framework for performance measurement. Use these 5 tips to avoid common traps, and setup a framework that will put you on the right course for business success Tip 1: Less is More I know of many businesses that have