A Guide to Choosing the Best xFP&A Solution

Adopting extended financial planning and analysis (xFP&A) software is a popular solution for the often-burdensome task of monitoring business performance metrics, reporting out, and taking actionable steps. Analyzing key performance indicators (KPIs) can provide businesses with indispensable insights into the company’s health. When coupled with strategic planning and an effective business model, KPIs can boost the organization’s future success. Businesses that can react more swiftly to shifting corporate landscapes have an advantage over their competitors and increase their profits. But not all xFP&A solutions are equal. There are several factors CFOs, financial executives, and business owners should take into consideration when selecting the right software for their company. It is important to consider a solution’s scalability and flexibility, integration capabilities, user-friendliness, cost and return on investment, and the availability of support and training. The right xFP&A software can provide business leaders with in-depth insights and visibility into their business’ performance to guide strategic decision-making for longterm success.