FP&A would need to forecast ahead, predict future financial prospects of a business: developing budgets, predicting revenues and costs, and tracking performance. No doubt, FP&A is critically important because current and prospective financial information can steer a company to just the right informed, strategic decisions.
Realistic goals, risk identification, and appropriate changes from companies can lead to suitable planning. FP&A enables companies to make resourceful use of resources and even respond effectively to the changes in the market that occur. more