What Is Financial Planning and Analysis?

Host Analytics Takes Financial Planning and Analysis to the Cloud

Financial planning is, fundamentally, the process of establishing a budget based on information about expenses and income. Assets and liabilities are also important considerations in the process, particularly for organizations. Executing that budget, tracking progress and documenting results can also be considered part of financial planning.

Financial analysis uses the output from financial planning to assess profitability, liquidity, solvency, and stability for organizations. It also involves the use of benchmarks and comparisons to similar organizations to help companies make decisions about business strategies.

Read our whitepaper, Financial Planning and Forecasting Best Practices: Five Tips for a Smooth, Insightful Planning and Forecasting Process, and learn how to:

  • Standardize and automate processes and tools to streamline planning and forecasting
  • Collect financial data in one place to improve data accuracy
  • Unify financial and operational data for advanced planning, forecasting, and what-if analysis
  • Use flexible processes and tools to accommodate changing business conditions
  • Ensure data security, availability, and access controls for improved data integrity

Host Analytics helps companies execute financial planning and analysis processes faster to uncover insights that can improve future results. The cloud-based delivery model increases business agility and lowers costs compared to legacy on-premises software.

Want to learn more? Contact Host Analytics today or download our white paper.

White Paper

Introduction to EPM in the Cloud

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