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The ultimate buyer’s guide to financial planning & analysis (FP&A) software

The terms keep changing to define what is essentially a system that allows you to address and manage your critical financial processes and monitor the performance of your business activities. Over the years, it’s been called DSS, EPM, and most recently, it’s known as CPM (Corporate Performance Management.

If you want to know more about how to buy financial planning & analysis (FP&A) softwares then this book is for you:

  • Replacing your FP&A solution will take time and considerable thought. For ultimate success, keep your eyes on the long-term vision and plan in short-term wins. We use a phased plan to get wins along the way.
  • The first step is to take a good look at your current solution, including potential gaps, current constraints, and assessing the overall need.
  • The next step is to determine key internal stakeholders whose perspectives will be critical to finding a system that fits your needs. Create a buying committee that spans all of these business units to evaluate CPMs and make an informed recommendation.
  • Keep your RFP to a few vendors. Your RFP process should ultimately be informative and assist you in narrowing down your list of potential vendors to those that you would like to demo their offering. It shouldn’t be overwhelming.

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