In this article, the author describes how the pandemic taught us to adapt and to react ‘on the fly’. The COVID pandemic was speeding up the adoption of digital technologies and was strongly transforming businesses in all industries, setting the trends for the future. The author outlines three phases of the pandemic and key lessons learned.
This article highlights the case study discussed at the AI/ML FP&A Committee Meeting #18. We invited Scott Campbell, Head of Center of Excellence - Finance & FP&A, to be a speaker, and he shared a robust case study from Philips on Digital Finance.
The first webinar by the FP&A Trends Group in 2023 was focused on identifying the top 7 trends shaping FP&A.
The implementation of AI capabilities in FP&A can be a complex and challenging process. From the author's experience, there are some key aspects to consider when implementing AI capabilities in FP&A to increase your chances of success.
There are many software products that claim to support CPM, but often they only support some aspects, for example financial planning and reporting. One of the issues is that the term CPM is synonymous with budgeting, forecasting and management reporting which by itself cannot provide a complete solution.
Today, FP&A professionals have emerged more experienced and stronger due to the changes caused by recent events, recognising the need to learn lessons and to continue to expect the unexpected.