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Key Responsibilities of FP&A Teams Broadly, the FP&A teams are responsible for: Budgeting and Forecasting: Creating and managing detailed financial forecasts and budgets. FinancialAnalysis: Conducting variance analysis and financial performance reviews.
This empowers them to generate reports on demand and reduce their reliance on IT or data teams. Such agility accelerates their ability to respond swiftly to market fluctuations, customer demands, and emerging financial opportunities, which ultimately strengthens the organization’s agility and competitiveness.
Datarequirements are expanding for state-by-state calculations including new apportionment considerations, tax rates, and regional modifications. To address these changes, your tax team can easily get stuck actioning menial data verification tasks, rather than offering important analysis and insights.
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