Bringing the power of foresight to the

Challenge of FP&A

Find out how you can use Silico to generate foresight for better planning under uncertainty

The Landscape

Financial Planning & Analysis is at the start of a transformative journey as advanced analytics are increasingly being used to improve accuracy. FP&A departments are already looking for talent and technologies that can help to improve internal processes and increase the accuracy of financial forecasts. In an area where making any reliable predictions on which to base business decisions is notoriously difficult, departmental heads are looking to advanced analytic techniques to provide an answer.

The Challenge

The Solution

A key challenge for Financial Planning & Analysis is the need to connect short-term budgets to long-term financial planning. The disconnect between a company’s short-term tactical goals and their alignment to longer-term strategic plans can make accountability difficult to achieve. In addition, a department’s short-term plan can often be in direct conflict with wider company targets. The difficulty in modelling this with simple spreadsheets gets to the heart of the complex challenge of modelling modern businesses.

The answer to the challenges of Financial Planning & Analysis is the type of advanced analytics platform that Sheetless provides. Sheetless provides the ability to model complexity using a simple tool set that handles multiple layers. The graphical interface makes it easy to establish how different parts of a business are related and can also parameterise each metric to explore sensitivities.

FP&A with true foresight


Question 1

Why this is important?

Managing Financial Planning & Analysis can be thought of as the different levers that a company executive can pull to optimise performance. These are like a number taps that flow at different speeds at different times, causing floods and droughts when not professionally managed. Having a model that helps you turn these taps on and off in a virtual world helps to make better financial plans in the real world.

Question 2

What is the impact?

Having a dynamic and fluid model that can be used to mirror the complexity of modern firms will soon be a a core component of Financial Planning & Analysis. In providing better tools to analyse current business dynamics and forecast potential future scenarios, Silico gives Senior decision makers the tools to run a range of potential scenarios and test their strategies in a safe environment. Taking the Silico approach allows you to use the data you already have to answer a range of questions including:

  • What is my optimal strategy across departments?
  • How is my strategy likely to perform over different time periods?
  • Where can I change budget and have the minimum/maximum impact on client retention?
  • What should I prioritise next year if the market is going to change?

Question 3

How does this fit with my current approach?

Using the type of advanced analytics that Silico provides is a simple way of enhancing all your current tools. You can think of Silico as a sandbox that you can use to link together different marketing metrics and analyse all your marketing strategies. If you are the type of organisation that already has a range of financial planning analytics, then Silico can reach across the silos and bring those analytics together.

Question 4

How easy is the technology to install?

Silico believes in the accessibility and compatibility of offering Software as a Service (SaaS). The Silico solution will run through any browser and users can be up and running within a couple of clicks. Silico offers a free access for interested users which provides modelling access for creation of a single model. Our development cycle ensures that enhancements are regularly made available to all users. Where required the software can be deployed on any private cloud giving authenticated access and extra layers of security.

Question 5

How easy is Silico to use?

Silico is incredibly intuitive by design. The basic premise can be understood in seconds, you can build your first simple model in minutes, and your results can be viewed instantly. From there, you can continue to layer on detail until you are satisfied; the final complexity is ultimately up to you. And if someone else needs to come back and iterate your work, the pictorial nature of the interface means that anyone can understand what the model does and build upon it.

Question 6

What level of support does Silico provide?

Silico provides 24-hour support via our online support portal, which also hosts our ever-expanding online community of expert users. Silico is based in London and currently follow UK office hours providing in person support from 8am through to 6pm GMT.