In July 2017, I facilitated 5 meetings of the International FP&A Board in Asia and Australia. It was an amazing journey to 3 countries, 5 cities, and two continents. I was on the road for one month and met so many passionate FP&A professionals in Kuala Lumpur, Singapore, Perth, Melbourne and Sydney. Every meeting was a great success. Every meeting was so different: full of interesting stories, debates, questions, answers, case studies, and discoveries. FP&A trends are global, but each country and city tackle the challenges and create opportunities in its own manner. The demand for the first hand FP&A knowledge and experience is very high globally. It is no wonder, as our profession is undergoing an amazing transformation and demand for the FP&A talent and thought leadership is very high. In summer, The International FP&A Board added three strong Australian chapters to its portfolio. On the 19th of September 2017 we will be celebrating our fourth birthday with pride: now International FP&A Board is a collection of professional passion and experiences from 11 countries, 14 cities and four continents. This article describes our two Asian meetings: in Kuala Lumpur and Singapore.
By Chris Ortega, MBA, Sr. Finance Manager at Emarsys, USA
In July 2017, I presented at the 2017 AICPA FP&A Conference in Las Vegas over AI (Artificial Intelligence) & machine Learning impact on FP&A. The session received great feedback from attendees and other speakers. So, I wanted to share an article summarizing the presentations main points. The goal of this article is to provide insights into the impact AI & machine learning will have on people, processes and technologies in FP&A. Hope you enjoy!
On 13th June 2017, 29 senior finance practitioners from such international and local companies as ABN AMRO, CRH, Diageo, Gemalto, Henkel, Ingram Micro, Naspers, PvH Europe, Regus, Sandoz, Staples Solutions, TIP Trailer Services, Vlisco, etc., gathered to interactively discuss Rolling Forecast Best Practices at the FP&A Board in Amsterdam.
by Michael Coveney, co-author of "Budgeting, Planning, and Forecasting in Uncertain Times"
Analytic models are rarely static. Their aim is to model the organisation in such a way as to allow managers to investigate what is actually going on and to assess changes to the way it operates. These changes may include looking at price/cost structures; the way in which departments are organised; partnerships; outsourcing; or introducing new products/services into new territories.
In each investigation, the model being used will evolve as new information is uncovered that impacts into what is being analysed.
On 8th June 2017, 30 senior finance practitioners from such companies as Aareal Bank, AIG, American Express Global Business Travel, Altran, CSL Behring, Dematic, Equinix, Lohmann, Merck, PepsiCo, Procter and Gamble, Takata, UL, etc., gathered in Frankfurt, Germany, to interactively discuss FP&A Analytical Transformation.