Ideal Tech Stack for an FPA Team

The ideal tech stack for a Financial Planning and Analysis (FPA) team includes a foundational spreadsheet tool like Excel or Google Sheets, alongside more advanced tools such as ERP and CRM systems used by sales and marketing teams. A central component of the tech stack is a planning tool that integrates data from various sources like ERP, CRM, HR systems, and billing platforms to enable financial modeling, budgeting, forecasting, and scenario planning. This planning tool also facilitates reporting, dashboarding, collaboration, and workflow management. Beyond the planning tool, additional tech components like a BI tool and potentially a data scientist may be added. Other technology within the FPA team's tech stack includes finance-wide tools like procurement systems, ERP, and treasury systems, which may require integration and communication with each other.