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FP&A Business Partnering

Strategic Planning is about ‘Talks & Figures’

By: Richard Reinderhoff, Freelance Consultant Strategy & Operations​

A ‘financial’ strategist is a strategist first, and a financial second. For decades financials have been applying solutions to become a strategic business partner for the C-suite, from financial engineering and tax planning, to centralising (global) operations and deep analytics today. To avoid drilling deeper and still find nothing, reverse engineering the strategic role of the financial will show another route to be of value and increase the yield on IRR or profits with double digits… 

Business Partnering and the Challenges Faced by FP&A professionals

by Anne-Marie Rice, EMEA Director at AFP

Business Partnering, the very essence of Financial Planning & Analysis (FP&A), continues to prove one of the most challenging aspects of the FP&A professional’s role. In simple terms, relationship building with Senior Management sometimes lacks the impetus required to empower the collaborative psychology an organisation needs to identify, facilitate and sustain growth.

A balmy Dubai evening welcomed almost 30 senior Finance and FP&A professionals from across the UAE to join the latest FP&A Board at the Intercontinental Dubai Marina hotel. The roundtable was the latest in a series of regional gatherings organised by Larysa Melnychuck (MD of the FP&A Trends Group) with the aim of guiding the development and promotion of best practices in FP&A. Three hours of insightful, hot discussion and debate centred around the reasons why business partnering continues to prove such an obstacle for FP&A folk and the organisations they work for.

The Missing Link in Finance Business Partnering Assignment

By Hyder Hasan, Global Finance Director at PureCircle

The concept of business partnering is more than two decades old and till now employees, at all levels, have not fully understood the fundamental point of Business Partnering roles. Even the companies which consider themselves ahead of the curve on implementing business partnering and have produced tons of reading material & presentations to make business partnering more effective, have only thought of the functional and operational elements of business partnering role. At the end of the day, our business partners are the ultimate judge of the quality of finance business partnering and just a confidential feedback will help to understand the variation in expectations and delivery.

Design Thinking Method for The Finance Business Partner - The Five Whys

By Christopher Andrew Heathcote Finance business partner and FP&A Contractor,  

www.christopherandrewheathcote.com

A finance business partner acts as the bridge between the wider business and the financial leadership of the organisation. They work to unite the needs and demands of the group with those of the business with whom they partner, translating the financial strategy into a story they are able to identify and empathize with. They guide their business partners through the various financial constraints and perceived barriers to ensure their business units effectively and efficiently meet their strategic objectives. 

From Scorekeeper to Trusted Advisor: The evolution of the FP&A Business Partner

By Gemma DavieSenior Director, Financial Planning & Analysis at CA Technologies, member of London FP&A Board

We only need to look at the evolution of the mobile phone to understand why the role of the FP&A business partner has changed. In 2000, I began my career in FP&A as an analyst at Silicon Graphics, the same year that the iconic Nokia 6210 was launched.  Back then the functionality of the mobile phone was limited to voice calls and simple text messages. Who would have thought that 16 years later, we would be using mobile phones to pay our bills, control our heating, take part in video conferences and monitor our health?  The mobile phone “app” economy has transformed our day to day lives.

As technology has continued to evolve at an increasing speed and the business environment has become so complex and volatile, decisions have to be made quickly and the demand for timely, flexible, forward-looking analysis has transformed the role of the FP&A business partner.

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