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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.
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This fragmentation creates data silos, leading to inefficiencies, errors, and outdated insights that hinder decision-making. In fact, 82% of finance professionals cite poor datamanagement and integration as the biggest challenge to financial reporting, forecasting, and compliance.
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