Financial Planning & Analysis Leaders Move Towards Greater Technology Adoption - Los Angeles Business Journal

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How can financial planning & analysis cope with increasing macroeconomic uncertainty? Many CFOs are turning to technology to help, Gartner_inc expert Pritika Bhattacharjee told LABJnews recently. Read the article here: GartnerFinance

Macroeconomic uncertainty and ongoing disruptions are continuing to drive financial planning and analysis leaders to accelerate technology adoption, according to Gartner, Inc.

A survey of 400 finance leaders in December 2021 revealed the extent to which finance functions are turning to technologies that have the potential to significantly transform FP&A through 2023. To help finance functions achieve greater planning confidence in 2022 and beyond, Gartner experts have six core recommendations:• Use driver-based forecasting models that focus on the main drivers of business performance rather than typical time-series models to get the most out of an AI-driven forecast.

• Develop baseline AI skill sets in the finance staff to enable effective use of AI in forecasting and planning.

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