Financial Planning and Analysis (FP&A) analysts, also known as corporate financial planners, are responsible for researching business and economic information that can affect a company's performance. They use financial modeling, scenario analysis, and what-if analysis to extrapolate financial results. The FP&A takes advantage of the best of financial planning and analysis capabilities, such as forecasting, continuous planning, advanced analysis, and performance monitoring. This eliminates silos between departments and synchronizes plans.
Planning and forecasting are no longer just an annual or quarterly event; companies have opted for continuous planning and progressive forecasts. This allows them to evaluate the most recent figures more frequently and make adjustments quickly. This results in faster planning cycles, more sophisticated models, more accurate forecasts, and better predictive planning that drives lasting success. The FP&A's job is to develop the operational and financial plan necessary to achieve management's strategic plan.