FP&A Maturity Assessment - Free Evaluation

Strategic Planning

Evaluate your organization's strategic planning processes and integration with FP&A activities.

How well does your organization integrate strategic planning with financial planning?

1. No integration - strategic and financial planning are separate activities

2. Limited integration - some coordination between teams

3. Moderate integration - regular collaboration and alignment

4. Strong integration - strategic and financial plans are closely aligned

5. Full integration - strategic and financial planning are seamlessly integrated

How frequently does your organization update its strategic plan?

1. Rarely or never updated

2. Updated every 3+ years

3. Updated every 2-3 years

4. Updated annually

5. Continuously updated with rolling forecasts

How well does your organization track progress against strategic objectives?

1. No systematic tracking

2. Informal tracking with limited reporting

3. Regular tracking with basic KPIs

4. Comprehensive tracking with balanced scorecards

5. Real-time tracking with automated dashboards and predictive analytics

Budgeting and Forecasting

Assess your budgeting and forecasting processes, tools, and accuracy.

How often does your organization produce financial forecasts?

1. Annual budget only

2. Quarterly updates

3. Monthly forecasts

4. Rolling forecasts updated monthly

5. Continuous forecasting with real-time updates

What is the typical accuracy of your forecasts?

1. Variance >15% from actual results

2. Variance 10-15% from actual results

3. Variance 5-10% from actual results

4. Variance 2-5% from actual results

5. Variance <2% from actual results

How automated is your budgeting and forecasting process?

1. Fully manual with spreadsheets

2. Mostly manual with some templates

3. Semi-automated with planning software

4. Largely automated with integrated systems

5. Fully automated with AI/ML capabilities

Analytics and Reporting

Evaluate your analytical capabilities and reporting infrastructure.

What type of analysis does your FP&A team primarily perform?

1. Basic variance analysis and historical reporting

2. Trend analysis and simple forecasting

3. Driver-based analysis and scenario modeling

4. Advanced analytics and predictive modeling

5. Prescriptive analytics with AI/ML and real-time insights

How quickly can your team produce standard financial reports?

1. 2+ weeks after month-end

2. 1-2 weeks after month-end

3. 5-7 business days after month-end

4. 2-4 business days after month-end

5. Real-time or within 1 business day

How accessible are financial reports and dashboards to stakeholders?

1. Static reports distributed via email

2. Shared network folders with updated files

3. Basic dashboards with limited interactivity

4. Interactive dashboards with self-service capabilities

5. Real-time dashboards with mobile access and alerts

Data Management

Assess your data quality, integration, and governance practices.

How well integrated are your financial and operational data sources?

1. Data silos with manual consolidation

2. Limited integration with manual processes

3. Some automated integration between key systems

4. Well-integrated data warehouse or lake

5. Fully integrated real-time data platform

What is the quality and reliability of your financial data?

1. Frequent data quality issues requiring manual corrections

2. Occasional data quality issues with some validation

3. Generally reliable data with standard validation rules

4. High-quality data with comprehensive validation and controls

5. Exceptional data quality with automated validation and monitoring

How mature are your data governance practices?

1. No formal data governance

2. Basic data ownership and documentation

3. Defined data governance policies and procedures

4. Active data governance committee with regular monitoring

5. Comprehensive data governance with automated compliance monitoring

Performance Management

Evaluate your KPI management and performance monitoring capabilities.

How comprehensive is your KPI framework?

1. Limited financial KPIs only

2. Basic financial and operational KPIs

3. Balanced scorecard with multiple perspectives

4. Comprehensive KPI framework aligned to strategy

5. Dynamic KPI framework with predictive indicators

How frequently are KPIs monitored and reported?

1. Monthly or quarterly reporting

2. Weekly reporting for key metrics

3. Daily reporting for critical KPIs

4. Real-time monitoring with regular alerts

5. Continuous monitoring with predictive alerts

How well are performance metrics linked to decision-making?

1. Metrics are reported but rarely influence decisions

2. Metrics occasionally inform major decisions

3. Metrics regularly influence management decisions

4. Metrics are integral to all decision-making processes

5. Automated decision support based on performance metrics

Technology and Tools

Assess your technology infrastructure and FP&A tools.

What is the primary technology platform for your FP&A activities?

1. Excel spreadsheets only

2. Excel with some database connectivity

3. Dedicated planning software (e.g., Hyperion, TM1)

4. Modern cloud-based FP&A platform

5. Integrated enterprise platform with AI/ML capabilities

How modern and scalable is your FP&A technology infrastructure?

1. Legacy systems with limited scalability

2. Mix of legacy and newer systems

3. Mostly modern systems with good scalability

4. Modern, cloud-based infrastructure

5. Cutting-edge, AI-enabled platform with unlimited scalability

How well do your FP&A tools integrate with other business systems?

1. No integration - manual data transfer

2. Limited integration with some manual processes

3. Good integration with major systems

4. Excellent integration across most systems

5. Seamless real-time integration across all systems