FP&A for Construction: Best Practices and Software to Improve Reporting

In other words, FP&A connects the accounting team to the management team by analyzing data and presenting findings and recommendations to upper management and other decision-makers. Google Accounting Errors Sheets is a cloud-based alternative to Excel, known for its collaborative features and accessibility. By focusing on these considerations, fit for purpose, customization, implementation, data accuracy, and vendor support, you can unlock the full potential of your FP&A solution and drive business growth. Netsuite includes revenue and expense modeling features, approval workflows, and other types of financial management and reporting. Fathom also includes forecasting and other modeling tools that businesses may find useful as they continue to grow.

• Prophix¹³ is a corporate performance management platform designed for enterprise businesses.
• The platform follows industry best practices for data encryption, access controls, and secure infrastructure.
• Average implementation times can stretch from weeks to over a year, depending on the complexity of the project.
• Datarails is a financial planning and analysis platform focused on Excel-based workflows.
• Designed specifically for large organizations, it connects strategic, financial, and operational planning in real time.
• An enterprise performance management (EPM) solution, OneStream centralizes financial and operational data to enable financial planning, reporting and forecasting.

Siloed Departments and Systems

The Era of Autonomous Finance is now upon us, and it is rapidly transforming the role of finance professionals. Budgyt is a budgeting and forecasting platform that enables businesses to create accurate financial plans quickly with budgeting and reporting tools that focus on simplifying collaborative budget creation. The contribution margin platform is particularly effective for organizations that need to manage multiple budget versions or track budgets across departments. Its streamlined workflows allow small businesses and startups to  track actual vs. budgeted figures efficiently and create professional reports for stakeholders in just a few clicks. Anaplan provides cloud-based FP&A software renowned for robust scenario modeling, forecasting, and collaborative planning capabilities. Designed specifically for large organizations, it connects strategic, financial, and operational planning in real time.

• Centage specializes in helping small and mid-sized businesses manage expenses, cash flow, and assets more effectively.
• Look for tools that handle refresh schedules, mapping, and reconciliation—so finance can stay focused on analysis, not cleanup.
• Prophix has excellent reporting and analytics functions thanks to its drill down capabilities (down to the transactional level) and user security profiles (audit control).
• The time saved using FP&A automations and software allows you and your team to focus on more meaningful tasks that offer strategic insights to help grow your business.
• Datarails can only support basic planning use cases and the platform lacks the depth of planning support beyond basic budgeting, planning and reporting.
• FP&A software improves the accuracy of financial planning and analysis by automating manual data entry and calculations prone to mistakes.

Highlights of Cube

Workday is a leading provider of enterprise cloud applications for Finance and Human Resources. Founded in 2005, Workday delivers financial management, human capital management and analytics applications. Workday Adaptive Planning originates from the acquisition of Adaptive Insights in 2018. Marketed as enterprise planning software, the Workday solution helps Finance create budgets and forecasts with more speed, flexibility, collaboration and accuracy. Financial planning and analysis (FP&A) software is a digital platform that helps organizations plan, what is fp&a analyze, and manage their financial performance effectively. It’s especially useful for companies looking to streamline their financial operations, gain insight into their data, and use those insights to make strategic financial decisions.

The 11 Best FP&A Software Platforms for 2025 (Hands-On Comparison)

Modern FP&A tools help SaaS businesses analyze financial performance in real time, forecast accurately, and align spend with business priorities — especially cloud spend, which can quickly spiral without visibility. You’ll need the option to customize dashboards, financial models, and reports to fit your business requirements and current processes. The software should also be flexible enough to integrate data from different sources and connect with your existing systems.

The Role of FP&A Software in Construction Finance

Construction companies run the risk of eroding profit margins and endangering project success without aggressive financial monitoring and cost control strategies—we’ll get to those later in this article. Fluctuating costs and unpredictable labor needs make construction budgeting difficult. Inaccurate expense tracking increases the chance of overspending and financial strain. Without a financial strategy and FP&A software, companies face cost overruns, delayed receivables, and subcontractor payment issues. We are a medium sized company around 300 employees looking to finally move off Google sheets (I know). If you have an immediate need or issue, can you afford to wait a week or two for an internal resource to get to it?