What are good KPI's/metrics for measuring performance of the FP&A group? (Webinar Attendee Question)

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Event Questions
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Title: Event Questions
Company: Proformative
 (Event Questions at Proformative) | Feb 20, 2013

This question was asked by an attendee during the Proformative webinar “Finance Transformation: Essential Elements for Driving Success" held on February 27, 2013.  Please join the discussion and add your insights below.

A video of the webinar can be viewed here: http://www.proformative.com/resources/webinar-video-finance-transformation-essential-elements-driving-success

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CMD Capital Formation LLC
Regis Quirin
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Title: Chief Financial Officer Consultant
Company: CMD Capital Formation LLC
 (Chief Financial Officer Consultant at CMD Capital Formation LLC) | Mar 5, 2013

KPI's are great to track the performance of any dept, division, company. FP&A groups essentially have five main roles. The first two do not lend themselves easily to KPI's: annual planning and adhoc analysis. However there are three activities that can be monitored and tracked: time to complete variance analysis reporting; time to produce scorecards; and the time it takes to derive conclusions from combining data sets, I.e. production and financial data. There are probably many more that are industry specific.

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Sarah Jackson
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Title: Associate Editor
Company: Proformative
 (Associate Editor at Proformative) | Apr 1, 2013

One may also want to take a look at this free white paper titled Benchmark Study: Long-Range Planning - Steps to Develop a More Effecitve Process:

http://www.proformative.com/whitepapers/benchmark-study-long-range-planning-steps-develop-more-effective-process

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