FP&A Department

What is FP&A Department?

FP&A stands for Financial Planning and Analysis. It is a department within an organization that is responsible for financial planning, budgeting, forecasting, and analysis. 

What does an FP&A department do?

The FP&A team is responsible for providing insights into the financial performance of the organization, identifying trends and opportunities, and making recommendations to support strategic decision-making. The department typically works closely with other functional areas within the organization, such as accounting, sales, and operations, to gather financial data and provide analysis and recommendations to support their activities. The FP&A team may also be responsible for developing financial models and conducting scenario analysis to support strategic planning and risk management efforts.

FP&A is moving from traditional processes to more proactive FP&A functions to support future decision making. Read these 5 steps to build a world class FP&A team.