Software Evaluation

Frequently asked questions

• What is FP&A software?

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  FP&A software improves and accelerates the processes associated with FP&A and uplevel finance teams to more in-depth and practical financial planning and analysis. FP&A software helps teams manage the financial planning, budgeting, forecasting, scenario modeling, reporting, and analysis in a company…all in one platform.

• Can I use FP&A software and keep my Excel models?

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  Some FP&A software, like Cube, work with your existing spreadsheets (either Excel or Google Sheets), while others don't have that functionality. Spreadsheet-native software is the best option to use your existing spreadsheet while getting more robust analyses. 

• What's the typical implementation timeline for FP&A software?

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  FP&A software implementation timelines vary greatly depending on the product. Spreadsheet-native software can be implemented in as little as two weeks with a short learning curve, while other solutions require teams to completely rip and replace their FP&A processes. In that case, implementation can take months and come with a steep learning curve, often requiring paid consultants to overcome. 

• What should I look for in FP&A software?

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  There are many things to consider when evaluating FP&A software. It's essential to consider lead time, learning curve, implementation timeline, price tag, integrations and security, documentation quality, support resources, and scalability.