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7 Ways Traditional FP&A is Being Challenged by Data

Anders CPA

Finance teams tend to get stuck in the world of spreadsheets and struggle with fragmented information. Each department has its own spreadsheet and software. Then, once or twice a year, you’re in a mad rush to reconcile all of this and figure out what you did wrong – or what you must do to pass an audit or do your taxes. #2:

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The tortured journey of data: How tax technology speeds up tax compliance, provision, and reporting

ThomsonReuters

Data is king in today’s fast-paced world of finance and tax. Companies use various software platforms (i.e., accounting software, payroll, etc.) Unfortunately, for tax and accounting professionals, efficiently and accurately bringing all of the disconnected data together can be very challenging.