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FP&A Teams

Three Critical Roles for Every FP&A Team

by Mark Gandy, Outsourced CFO, Principal at G3CFO

I read with fascination the interview  between GTNews and Larysa Melnychuk, Managing Director at FP&A Trends group, regarding the global name recognition of ‘FP&A.’

As the term ‘FP&A’ gains traction well beyond North America, how about the roles supporting the FP&A function? Are those roles edged in stone? I’m not sure. Accordingly, I’d like to suggest 3 defining and critical roles for every FP&A team.

 

Mark Gandy is a long-time outsourced CFO who enjoys practicing the art and science of FP&A across his client base. When he has time, he also writes on his own blog at G3CFO.com.

London FP&A Board: What Makes an Ideal FP&A Professional

By Neil Ainger, GTnews

Published first on http://www.gtnews.com and  http://www.afponline.org/ in December 2013

The inaugural full meeting of the London FP&A  Board confined itself to detailing the attributes required of an FP&A professional and the evening’s roundtable discussion produced a set of best practice recommendations detailing the necessary skills and mix of different personalities that should go into building a successful FP&A team.

 

London FP&A Board: Insight Management Puts Data to Use

By Neil Ainger, GTnews

Published first on http://www.gtnews.com and  http://www.afponline.org/  in May 2014

The FP&A Board met for the third time in London on 1 May  2014. The  discussion was focused on how best to generate insights from data and ensure staff have the people skills to communicate data in a way that generates insights.

Steve Wills, Director of Insight Management Institute and the guest speaker,  stated that Insight and Insight Management are about understanding a company's information needs and then managing the way in which information flows through the organisation so that it has a positive effect. It’s about getting the right information to the right people, at the right time and in the right format to drive change. It isn’t about production but stakeholder management, issue analysis, journalistic skills and much more"

Insight Management  delivers the true value to the business and not just a one-off nugget of information. And FP&A have a definite role to play in organisational Insight Management framework.

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