Agile Financial Planning Calls for Digital Transformation in Construction and Other Industries

©ipopba – stock.adobe.com

The “2021 Agility in Planning, Budgeting and Forecasting Global Survey” by Prophix Software, conducted in collaboration with FSN Research, is based on a survey of more than 500 global finance executives in 23 different industries to assess their “agility” in financial planning and analysis and gauge the state of the industry. The survey’s findings revealed sizable gaps in the abilities and outcomes in nearly every survey category, underscoring the need to accelerate digital transformation initiatives and adopt more agile, cloud-based planning, budgeting and forecasting technology tools in order to be better equipped to navigate an ever-changing business environment.

“Businesses are increasingly relying on their finance teams to guide them through constant change, whether that’s in the face of global crises like COVID-19 or ongoing market shifts and events,” said Alok Ajmera, president and CEO of Prophix, a global provider of…