Gartner Research

Best Practices for Improving Financial Planning and Analysis Systems and Processes

Published: 20 March 2018

ID: G00346061

Analyst(s): Christopher Iervolino , Nick Heudecker , Cindi Howson , Melissa Hilbert


Application leaders responsible for finance applications must leverage shifts in business analytics and ERP technologies in order to modernize financial planning and analysis.

Table Of Contents
  • Key Challenges


  • Determine If Additional Data Can Improve FP&A and How It Should Be Managed
  • Partner With the Business to Integrate Financial Planning
  • Align FP&A and Analytics and BI Initiatives by Implementing Cross-Team Collaboration
  • Use Four Guiding Principles to Determine the Benefits of ERP FP&A Use
    • 1. Extent of Transaction Data Held in the ERP System and ERP Landscape
    • 2. Relevance of ERP Data in Supporting Strategic Decision Making
    • 3. Need for Best-of-Breed FP&A Capabilities to Support Business Strategy
    • 4. Latency of Data Exchange and Degree of Integration Required

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