Modelcom provides expert advices to businesses and organizations in the field of FP&A. We are familiar with best practices for financial planning, budgeting and the use of different analytical tools.
We have developed a diagnostic methodology based on 4 pillars :
Business Process, Skills and Organization, Technologies and Data.
We are able to help our customers step up their games and lead their transformation project.
Modelcom’s FP&A system implementation services can help you make better-informed financial decisions by providing real-time insights into your company's financial performance.
We can integrate your existing financial data into a single, easy-to-use platform that automates manual processes and reduces errors. Our team of experts will work closely with you to understand your specific needs and provide a customized solution that drives value for your business.
After reviewing all products in the FP&A space, Modelcom partnered with 2 specific vendors who share the same DNA for financial modeling and finance team empowerment.
Do you want to know more about our services?
You have questions or comments? Contact our expert team, it will be a pleasure to answer you.
What is a FP&A system?
FP&A stands for Financial Planning and Analysis, which is a process of assessing an organization's current and future financial position and developing plans to achieve its financial goals. An FP&A system is a software platform that supports the FP&A process by automating the collection, consolidation, and analysis of financial and operational data.
An FP&A system typically includes features such as budgeting, forecasting, variance analysis, financial modeling, and reporting. It helps finance teams to streamline their financial planning process and provide more accurate and timely insights to the organization's decision-makers.
FP&A systems can be integrated with other financial and operational systems, such as ERP, CRM, and HRM systems, to access data and insights from across the organization. This enables finance teams to gain a holistic view of the organization's performance and make more informed decisions about resource allocation, investment, and growth strategies.
Why would I need a FP&A system?
A Financial Planning and Analysis (FP&A) system is a software solution designed to help businesses streamline financial planning, budgeting, forecasting, and analysis.
There are several reasons why anorganization might need an FP&A system:
1. Improved Financial Decision Making: AnFP&A system can help businesses make better decisions by providing accurate and up-to-date financial data, insights, and analytics. With real-time access to financial information, decision-makers can quickly identify trends, forecastfuture performance, and make informed decisions.
2. Increased Efficiency: FP&A systems automate time-consuming financial processes such as data collection, analysis, and reporting. This frees up resources and allows finance teams to focus on higher-value tasks such as strategy development, risk management, and financial planning.
3. Better Collaboration: An FP&A systemcan help teams work together more efficiently by providing a centralized platform for financial data. This allows stakeholders across the organization to access and share information, collaborate on budgeting and forecasting, andmake decisions based on a common set of financial metrics.
4. Improved Financial Transparency: AnFP&A system can provide greater financial transparency, enabling businesses to better manage financial risk and comply with regulations. By tracking key performance indicators (KPIs) and monitoring financial metrics, organizations can identify potential problems and take corrective action before they become serious issues.
Overall, an FP&A system can help businessesachieve greater financial agility, visibility, and control. It provides a robust platform for financial planning, budgeting, forecasting, and analysis, helping organizations make informed decisions that drive growth and profitability.
How much will I have to invest on a FP&A system?
The cost of an FP&A system can vary widely depending on the specific features and capabilities you require, as well as the size and complexity of your organization.
Modelcom has partnered with "Best of Breed" solution vendors that provide a quick ROI (Return on Investment), offering subscription-based pricing models. Over the past 10 years, we have implemented solutions ranging from 25K to 150K depending on the client's needs and budget.In a highly competitive environment where key financial resources are difficult to attract and retain, the gains quickly outweigh the costs.
Which product is best for me?
Choosing the best FP&A system for your organization depends on several factors, such as your business size, industry, budget, specific needs, and existing systems.
This is where Modelcom's expertise really comes into play. We have been involved in FP&A system implementations since 1996, and the specific product we recommend will be based on a thorough understanding of your current FP&A processes, your objectives and the budget allocated to
the project. We continually review the products available and know the pros and cons of each.