Cube’s Post

A modern FP&A team resembles a “corporate octopus” with tentacles reaching into every corner of the business. To do their jobs well—forecast accurately, allocate capital strategically, etc.—they need a clear, unified view of organizational data. Which is why a platform that provides a single source of truth is so valuable. https://lnkd.in/eAGxubJF 

We're pleased to feature Aaron Levine of Prophix on the latest episode of CFO THOUGHT LEADER Among other topic areas - CFO Levine discusses using AI to enhance financial reporting and operations. How is AI being integrated into your finance functions? What impacts have you observed?" What's more, Levine shares insights on navigating the complexities of M&A, especially on system integration. What are your strategies for managing M&A challenges effectively?" https://lnkd.in/gC2bMdn8

Check out Prophix CFO Aaron Levine on the latest episode of the CFO THOUGHT LEADER podcast! While it seems like he's been a Phixer from day one, Aaron has only been with us a few months. In this episode, he shares his journey to the office of the CFO, provides some of his best practices and practical advice, and talks about the application of next-gen technology, including AI, within the finance department. Take a listen! #prophixone #CFOs #nextgenfinance https://lnkd.in/gC2bMdn8

Welcome to the Next-Gen FP&A (XP&A) Weekly Series: #7 - 𝟔 𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐚𝐫𝐲 𝐖𝐚𝐲𝐬 𝐂𝐡𝐚𝐭𝐆𝐏𝐓 & 𝐆𝐞𝐧𝐀𝐈 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦 𝐅𝐏&𝐀! Presented by Ahmed El-Shamy FMVA ®, CBCA ®, BIDA ®, FPWM ®, PAC ™ This edition is sponsored by Femto FP&A and Hub of Finance Transformation. Let's dive into something exciting yet seriously cool. Imagine a world where your financial planning & analysis (FP&A) is not just about crunching numbers but doing it with flair and precision, thanks to our digital buddies, ChatGPT & GenAI. 🌍✨ 🎯 Enhanced Forecast Accuracy: Ever dreamt of almost psychic forecasting abilities? Well, dream no more! With AI, we're seeing a whopping 30% reduction in forecast errors. Now, that's what I call a game-changer! 📊 Streamlined Reporting Processes: Say goodbye to endless hours of compiling reports. AI's got our backs, making reporting as smooth as your morning coffee. ☕ 💡 Smarter Decision-Making: With AI's predictive analytics, we're not just making decisions; we're making informed decisions. It's like having a crystal ball, but better! 💰 Optimized Cash Flow Management: Keep your business's heart pumping strong with AI-powered cash flow forecasts. No more financial hiccups! 🚀 Innovative Capital Budgeting: Imagine pinpointing the best investments with laser accuracy. AI makes it possible, ensuring your money's working as hard as you are. 🔍 Enhanced Compliance and Internal Controls: Navigate the complex world of financial regulations with ease. AI's the compass you never knew you needed. Each of these points isn't just about embracing new tech; it's about setting a new standard in the FP&A world. It's about making our lives easier, our decisions smarter, and our businesses more robust. And let's be honest, who doesn't want that? 🌟 🔔 Stay tuned for our weekly series on Extended Planning and Analysis (xP&A)! Each week, we'll dive deep into strategies, tips, and insights that will empower you and your team to lead with confidence and innovation. We're on a mission to make complex finance concepts simple and actionable for everyone. 👉 Like, Share, and Comment to join our journey! Your insights could lead the way to a brighter, smarter financial world. 💬💼 #Finance #AI #Innovation #FPA #ChatGPT #GenAI #XPA

Our latest research surfaces a critical challenge facing finance leaders: 9 in 10 describe their teams as "lean" and overextended. This isn't just a staffing issue—it's a strategic bottleneck that's keeping C-suite execs up at night. The implications are far-reaching: increased risk of errors, missed deadlines, and an inability to focus on growth initiatives. But it's not all doom and gloom. Our study also uncovered promising solutions, including ways finance leaders are leveraging AI and expert talent to navigate these challenges. Check out the full article by Jason Bramwell in CPA Practice Advisor for a more in-depth look at the findings and what they mean for the future of finance teams. https://lnkd.in/eGfHJTHx #staffing #study #financeandaccounting #finance #survey

As finance evolves, CFOs are on the lookout for top talent to shape the future. The right FP&A leader connects the dots 💬 and drives success across functions! 🚀 In the third piece of the Modern Finance Team Makeovers series, CFO Dive explores how technology and changing expectations are transforming key players in finance - specifically focusing on the vital role of the FP&A leader. As AI and automation reshape finance, FP&A leaders are at the forefront of driving efficiencies and boosting profitability. 📈 The future of finance is here, are you prepared to lead the way? 🤔 🔗 https://hubs.ly/Q02FMM4G0 #FP&A #FinanceEvolution

Our CFO, Dan Fletcher, discusses the reasons finance leaders are increasingly embracing financial performance management technology to proactively navigate challenges in their planning. Plus, discover insights into the escalating importance of AI in guiding CFO decision-making. 💡 Read the article in CFO Dive: https://lnkd.in/e7AHnUfF

The average guy on the street has no idea what FP&A is. It’s not like we’re selling parking spots or courses on “how to parallel park” that anyone would understand. As a business leader, you know accounting is crucial - the bookkeepers meticulously recording every financial transaction. But have you tapped into the hidden profit potential of FP&A (Financial Planning & Analysis)? FP&A is forecasting and analyzing your financials to drive better business decisions. While accounting shows what happened, FP&A reveals what could happen and how to get where you're trying to go. The difference? Accountants are historians, FP&A professionals are futurists. Accounting ensures you're GAAP compliant and squeaky clean. FP&A uses that data to identify opportunities, model scenarios, and chart the smartest strategic course. It's understanding the roadmap to achieve maximum profitability and growth. Many businesses miss out on FP&A's ability to: - Forecast demand, sales, and capital needs - Analyze new market/product potential - Model the potential financial impact of key decisions - Optimize pricing, budgeting, and resource allocation Don't just track your finances in the rearview mirror. Unlock FP&A's power to get ahead of the curve and drive intelligent, profitable growth. #Accounting #fpanda #managerialaccounting P.S. I had a really hard time getting AI to generate an image of an accountant in the rear seat with a book, an FP&A analysis in the passenger seat with a map, and a CEO driving... this image was as close as I could get. Sigh... generative AI has a ways to go. Does anyone notice the man on the sidewalk looks like he needs a ride to the hospital?

CFOs continue to play more prominent roles as navigators within organisations amid volatile economic conditions and a dynamic operating environment. The primary objective of finance chiefs is to guide companies through growth to drive maximum stakeholder value. This has not changed, but the role of CFOs has evolved to incorporate digital and automation tools, including the increasing importance of AI. #CFO #finance #technology #digital

FP&A is transforming. That's because of the integration of the latest technology and a deeper understanding of the human elements in finance. You'll like Adam Zaki's latest piece on #CFO.com, where he shares a compelling overview of how modern FP&A leadership is evolving to meet new challenges. From leveraging AI to improving data analytics to build empathy within finance teams, the article gives strategies for CFOs to hit profitability. You must stay on top of these changes to shape the future of FP&A. Have you seen these transformations in your organization? Share your thoughts in the comments. Adam Zaki Paul Barnhurst, The FPandA Guy Chris Ortega