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Financial Planning and Analysis (FP&A)
FP&A is a series of practices that aid in improving the understanding of an organization's overall financial status. It consists of planning, budgeting, buying, reporting, and forecasting/modeling. By following these steps, business leaders can get a clear picture of their current expenses as well as those that may arise in the future. This enables them to make informed decisions based on the company's entire financial commitment, rather than just an initial purchase price.
What Small and Midsize Businesses Need to Know About Financial Planning and Analysis (FP&A)
FP&A is a particularly helpful process for SMBs that struggle to provide accurate and timely financial reports to leaders. This is often the case because SMBs have limited resources and staff available to produce this information.
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