If you feel your time could be better invested, you're not alone. Businesses are demanding more from their financial planning and analysis teams, and at a faster pace. Dealing with a large number of Excel spreadsheets means you don't have the time or agility to spend on analyzing performance. It's also difficult to quickly adjust models to reflect changing assumptions and conditions. One "small" change requires a waterfall of updates consuming hours, days, or even weeks.
Things that should be simple take a long time. Daily tasks and requests from your team or manager often mean long nights, some weekends, and never getting to do the things you'd like to get done.
Cobbling together spreadsheets can be a shaky foundation for making strategic decisions. Errors happen along the way due to lack of version control or last-minute updates. Often, no one trusts the numbers and decisions take longer than they should.
You spend so much time in manual drudgery that you never get to the analysis you want to do. Imagine spending your time collaborating with business managers, analyzing your models through dashboards and scorecards, and adding more value to the business. To get there, you need a faster financial modeling process that meets three criteria. It has to be collaborative, comprehensive, and continuous.
When you have these three components, we call it "active planning"