In this episode of the FP&A Trends Video Series, Fredrik Hedlund, Europe CFO at Nielsen, shares his insights on FP&A organisational transformation. Nielsen Europe completely transformed FP&A in 42 countries of Europe through implementing effective FP&A organisational structure.
On 20th April 2017, 20 FP&A professionals from such companies as Barclays, Coats, the Economist Group, Kraft Heinz, NetApp, Starbucks, Visa, etc., participated in the London FP&A Board meeting.
The main focus of the interactive discussion in London was Effective FP&A Team Building.
It is hardly arguable that there are so many requirements to a modern FP&A professional that are difficult to be met by one person, that building effective FP&A teams with complementary skills are seen as the easiest solution under the circumstances.
The second meeting of the Dubai FP&A Board, launched in October 2016, took place at the stunning InterContinental Dubai Marina on 15th February 2017.
The mission of the International FP&A Board is to guide the development and promotion of best practices in global FP&A, identify and support new trends, skillsets and innovations. Almost 30 FP&A professionals from such international and local Middle Eastern companies as Abu Dhabi Ship Building, Al Jaber Group, Applus, Barclays Bank, Colas, Emirates NBD, Landmark, Panalpina, Siemens, TGI Group, to name but a few, gathered to discuss an essential subject of FP&A Business Partnering.
A definition of quality is “a distinctive characteristic possessed by someone.” The work of FP&A practitioners focuses on thinking and learning about how financial activities – earning revenues, incurring costs, generating cash flows – affect organizations. The thinking and learning about this relationship require a mindset that creates results.
By Simone da Silva Collins, Finance Manager, Polycom
Communication is a key soft skill that FP&A professionals should master. Getting it right the first time enables FP&A professionals to be more effective and efficient. Effective communication enhances their integrity and credibility.
Communication is a two way process. This sounds a cliché but it is true. Communication is not a monologue, even when you are using the written form as I am here. There is the sender and the receiver of the message.
Simone da Silva Collins is an FP&A professional working in Polycom, an industry leader in unified collaboration solutions.
She provides business partnering to various departments of Polycom in EMEA. She was previously the Group Finance Analyst supporting the Executive Team at Intec (now part of CSG), a provider of Business Support System (BSS) software and related services, primarily for the telecommunications industry. She also worked for Telewest (now part of Virgin Media) for over 7 years providing commercial and financial support to the Interconnect team.
Simone is originally from Macau in SE Asia. She gained her Masters at Manchester Business School. She has also recently achieved FP&A accreditation.