Tools and processes used by finance and FP&A (commercial management, billing, accounting, operational statistics, competitive intelligence, planning,...
In this article, the author explores top 3 impacts of AI & ML on FP&A people, processes and value.
Although there are some substantial differences between Financial Modelling and Predictive Analytics, both help us cope with uncertainties and make better decisions.
The future of IBP will be to plan across the whole value chain. A final step in IBP scope will be to understand and incorporate constraints to create a global view.
Making predictions is an important part of our work as FP&A practitioners. Its importance is due to need but need can be hindered due to incomplete knowledge.
Artificial Intelligence is going to be a highly impactful technology in the coming years. Yet, like most forms of automation, the major benefits are going to be efficiency...