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Industry

Highlights

  • Asia Pacific Finance Leaders: Preparing for the Next Era in FP&A
  • Our study findings show finance leaders in the AP region are anticipating their FP&A teams will play a key role in driving recovery and supporting sustainable growth in the post-pandemic era. Are they ready for the challenge?
  • In this article, you’ll uncover unique insights about how large enterprise finance leaders in Japan, Australia and India compare in addition to individual country analysis about their current FP&A strengths and weaknesses and their priorities for investment and improvement.

Insights in this article

Global Financial
Essential Takeaways
FP&A functions
Infographics
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 Global Financial

TCS surveyed 750 global financial leaders across the 9 countries.

Specifically, we asked about their:

  • Current FP&A strengths and weaknesses
  • Priorities for investment and improvement.

Essential takeaways

Some FP&A teams in Europe and the UK are in a stronger position than others, but many organizations have clear capability shortfalls that are holding them back.

  • 52% say they are unable to reallocate resources as the business’s demands change without significant errors.
  • 60% of FP&A teams in AP say they are regularly fail to develop aligned and robust budgets
  • 65% worry about their ability to scenario-plan

FP&A functions

AP finance teams are heeding the call and prioritizing investments to modernize FP&A functions

  • 64% of AP finance teams overall anticipate additional investment in AI and machine learning in the next year

Infographics

  • Financial planning and analysis (FP&A) teams have a key role in post pandemic recovery. But are they ready for the challenge?
  • FP&A teams are successfully forging ahead in the post-pandemic world. But there’s still work to do.
  • Trendsetters have higher FP&A maturity levels and rely more on data and analytics, and less on intuition, when planning and forecasting.
  • Finance executives revealed what they consider their biggest gaps in FP&A capabilities.

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