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Macroeconomic uncertainty and ongoing disruptions are continuing to drive financial planning and analysis (FP&A) leaders to accelerate technology adoption, according to Gartner, Inc.
“The rate of finance technology investment continues to gather pace,” said Pritika Bhattacharjee, vice president, research in the Gartner Finance practice. “CFOs are telling their FP&A leaders that they need to improve flexibility of budgeting and forecasting, enable faster capital reallocation, and updated financial models to reflect rapidly changing business realities.”
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 (see Figure 1).
Source: Gartner (September 2022)
“Delivering the kind of transformation that the business is looking for will take many forms,” said Bhattacharjee. “Making FP&A more predictive and agile will offer enormous benefits and help to make the business more responsive to changing economic conditions and new opportunities.”
To help finance functions achieve greater planning confidence in 2022 and beyond, Gartner experts have six core recommendations:
Gartner clients can learn more in: 2022 Finance Technology Bullseye Report. Non clients can read more in Top 4 Data & Analytics Trends in Finance.
CFOs and finance leaders can participate in Gartner research and get complementary access by joining the Gartner Research Circle.
About the Gartner Finance Practice
The Gartner Finance practice helps senior finance executives meet their top priorities. Gartner offers a unique breadth and depth of content to support clients’ individual success and deliver on key initiatives that cut across finance functions to drive business impact. Learn more at https://www.gartner.com/en/finance/finance-leaders. Follow Gartner for Finance on LinkedIn and Twitter using #GartnerFinance to stay ahead of the latest expert insights and key trends shaping the Finance function. Visit the Gartner Finance Newsroom for more information and insights.
Rob van der Meulen
Gartner
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September 12 2022
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©2022 Gartner, Inc. and/or its affiliates. All rights reserved.