Implementation - Structured Approach

​If your goal is to ensure a smooth implementation, what we recommend is to choose FP&A objectives that only require data that is already available in your organization. 

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With this approach, you can get your newly outsourced FP&A system up and running with minimal difficulty. In fact, in order to issue your first reporting package, we would only require slightly more information than what we requested during the demo, and you can receive your first reporting package in as little as one month.

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​Over time, more complex FP&A objectives can be added to the package, and these objectives may require more, new, or different data to be requested, including data that is not currently tracked in your organization.

 

​The speed at which you move away from a FP&A process that graphs your existing data to one that has more complex objectives and tracks new/more/different data, that is tailored just for the FP&A process, is all up to you. It's a balance between the benefits achieved from new FP&A reporting, and the work involved in providing new/more/different data.

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While the data requests are added work for your finance staff, when properly designed they can be very beneficial as it challenges your organization to think differently about historical information, and to forecast/budget future information in new and innovative ways. 

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And if staying with the data structure that is provided by your accounting software works best, there is no need to change from that and all reporting can be issued on that basis.

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​​​​​Also, the degree to which FP&A activities are already in place at your organization will help the implementation process. If your existing FP&A processes are working well, there is no need to decommission them, they can be ran in-parallel with DHAC's systems as part of a hybrid system.

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See here for more information about hybrid in-house / outsourced FP&A systems