What Is Financial Planning & Analysis (FP&A)?

You’ve probably heard of financial planning and analysis, but you may not know exactly what it is, and what it means for your company. Financial planning and analysis, also known as FP&A, is a detailed process that tracks your business’s financial performance. It includes the following:

• Assessing your company’s current financial situation – No matter how good or bad you perceive your business’s finances to be, it is crucial to understand exactly what the status is.
• Setting financial goals – Having obtainable short and long-term goals gives your business a direction, allowing for stability and future growth.
• Developing strategies – Every business, no matter how small or large, needs a game plan for how they are going to achieve their financial goals. FP&A helps you create and implement those strategies.
• Continuous monitoring – As a part of FP&A, your financial situation is constantly monitored so that changes can be made if needed.
• Identifying risks and opportunities – FP&A allows your business to mitigate potential risks and pursue opportunities that will be beneficial.
• Provide insights – Gain useful insights into your business’s finances that can be used for strategic decision-making.

Benefits of Financial Planning & Analysis

Investing in FP&A for your business offers long-term benefits and is the right step forward to optimizing its financial health. What’s even better is that FP&A doesn’t just have a positive impact on your business’s financials. It impacts your entire company.

• Improve financial performance – By continuously monitoring your company’s financial data, you can more quickly identify and correct areas of weakness. The earlier areas that need improvement are caught, the less damaging they tend to be to your overall business.
• Better strategic planning – Having the most up-to-date information and an accurate pulse on your financial situation leads to better strategic planning. You have the tools you need to make the best decisions possible for your company today and in the future.
• Enhance risk management – Your business operates in a dynamic market. Analyses and market trends allow you to better evaluate risks and take the steps necessary to mitigate these risks.
• Make better decisions – Thanks to valuable analysis and insights, you will be able to make better business decisions. Some decisions require urgency. You can have confidence in making these decisions when you understand your finances. The numbers don’t lie. Financial planning and analysis is a worthwhile investment that benefits every aspect of your business and is a catalyst to financial success.

enTune’s Financial Planning & Analysis Services

enTune Financial Services proudly offers the following financial planning and analysis services:

• Analysis of financial statements and performance data – Provides actionable insights, including controlling costs to improve profitability
• Development of company/industry-specific KPIs and financial dashboards – Includes key performance indicators (KPIs) and financial analysis to support strategic decision-making
• Working capital analysis – Includes a review of accounts receivable (AR), accounts payable (AP), and other current assets and liabilities to help you improve the business’s cash flow
• Budgeting and forecasting – Developing budgets and financial forecasts to guide business decisions and strategy
• Cash flow forecasts – Development and maintenance for the purposes of cash planning
• Business valuations – Using in-depth analyses and reports to determine your company’s current valuation

Let enTune Handle Your Financial Planning & Analysis

We get it. You do not have the resources to dedicate to a detailed financial planning and analysis program. That’s where we come in! As the most trusted business financial planning firm, enTune Financial Services offers a full suite of financial planning and analysis services, including financial forecasting services. Headquartered in North Carolina and serving clients nationwide, our team of experts will dig deep to provide you with the information you need to plan for a successful today and a secure financial future. Contact us today to book your complimentary consultation.