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How can FP&A successfully handle the increase in the amount of data?


Rakesh Gharbharan, CCH Tagetik FP&A Director, shares how FP&A can get a firm grip on large amounts of data coming from several sources.

Transcript


As FP&A actually we have unlimited access to data and I think the first challenge is finding the right source.

In order to create a more detailed plan or budget we often have to return to their to the countries requesting very small amounts of detail, which are frequently being stored in disparate systems and working across multiple systems is actually quite challenging and getting the data out of multiple systems is not adding value to our stakeholders.

Quality of data is now a critical factor: we firstly normalize it, adjust it, clean it up before we can use it in our analytical exercises creating information for our stakeholders.

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