Manual data prep: CFOs spend countless hours doing manual tasks on financial data prep. An FP&A tool can help free up time for finance teams so they can shift their focus to more valuable projects such as forecasting and reporting. Lack of agility: Financial leaders need to have the most up-to-date info so they can accurately conduct their budgeting and forecasting. With intuitive FP&A tools, financial planning professionals can maintain data integrity while eliminating common manual errors. Data silos: When data is being sent from different sources, financial planning professionals have to work in overdrive to try and condense all that information into a single report. Mistakes are common, causing longer delays and further setbacks. Outdated data: Not being able to generate accurate insights due to a lack of reliable information is one of the main pain points a finance team will face. A FP&A tool refreshes monthly reports in seconds, helping to maintain data integrity and accuracy across the entire team. Disconnected teams: Having to send back-and-forth emails only lengthens the data retrieving process. This hinders the finance team’s ability to properly analyze data and formulate a comprehensive financial plan.