Today, numerous organizations are burdened by inflexible systems characterized by fixed data structures, disjointed architectures, and compartmentalized information. In the context of collaboration between Financial Planning & Analysis (FP&A) and accounting, this situation often results in delayed data access or superficial insights and, in the most problematic scenarios, conflicting interpretations of data.

Adopting a more agile delivery model requires aligning accounting and FP&A closely to provide prompt data for planning and forecasting, thereby offering genuine value to the business. This involves integrating planning, accounting, and reporting tools. Here are five ways a flexible enterprise management system that merges accounting, planning, and analytics can enhance the collaboration between accounting and FP&A.