The FP&A Trends Webinar: Mastering Analytical Transformation with FP&A Trends Maturity Model
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The FP&A Trends Webinar: Mastering Analytical Transformation with FP&A Trends Maturity Model
Click here to view details and register
By Dino Jose Vidili, Managing Director at Ssumar Group
While I was having a business meeting recently, I was asked to resume in simple terms: What is No-Code / Low-Code technology, and why should I consider it important for my business?
I preferred to explain it in a simple, business logic and strait forward manner. Here it goes:
"It can be resumed most probably with some specific questions about the way you manage your business:
Well, I said... most probably you will answer NO to 3 out of 4 of this questions. Now imagine you can easily say YES to the four of them, and address a lot more advantages that can take your business to the next level. Will you consider knowing more about this?...."
Technology adoption is not a question of “if” but a question of “when”, before it is not late.
Interesting but, is this technology a good fit for FP&A. How can it help?
It is not latest news that No-Code / Low-Code technologies with their enormous capabilities to empower technology enthusiastics and practitioners, no matter size of the company or proffesional area where they develop their jobs, are gaining more and more adoption. You are not familiar with this terms? They can be resumed as follows:
No-Code is part of the No-Code / Low-Code technology movement which aims to enable business participants from different areas to design and implement organisational processes, and also their own applications with no or very limited software coding skills.
According to Research and Advisory firm Gartner, by 2025 about 65% of applications developments Worldwide will be based on No-Code / Low-Code technology. Why is that?
To explain it, I found a really interesting video from Microsoft Corporate VP Charles Lamanna, which most relevant information can be resumed like this:
Let us understand deeply now, how No-Code can help FP&A to increase Agility, cross-functional real collaboration and allow value creation.
A lot more advantages can be outlined here, however despite living in the Digital Era Budgeting and Forecasting activities within companies remain at their core almost the same:
Well, after more than 15 years experience within FP&A and Controlling departments in different organisations I could first hand observe, and usually had direct impact from the inefficiencies that this “core activities approach” generate.
So, imagine an scenario where enabled by No-Code technology the following can easily be perfomed:
But this is not all, while your company´s Budgeting and Forecasting corporate processes continue to improve you can easily adapt the hole solution to it. Amazing no?
Welcome to No-Code technology and what it can do for FP&A
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