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FP&A Systems

Exceptional EPM/CPM Systems are an Exception

By Gary Cokins, Founder and CEO: Analytics-Based Performance Management LLC

Quite naturally, many organizations over-rate the quality of their enterprise and corporate performance management (EPM/CPM) practices and systems.   In reality they lack in being comprehensive and how integrated they are. For example, when you ask executives how well they measure and report either costs or non-financial performance measures, most proudly boast that they are very good. Again, this is inconsistent and conflicts with surveys where anonymous replies from mid-level managers candidly score them as “needs much improvement.”

Every organization cannot be above average!

 

Why Driver- Based Planning and Dedicated Planning Systems Matter for FP&A

By Elena Kiristova, CFO Russia and CIS at Groupon

Integrating actuals into the planning cycle is usually not an easy task. Financial and operating results are spread across multiple databases. Actual results and plan detail are at different levels. Lack of underlying volumes and rates make meaningful causal analysis difficult.

BUT - You want apples to apples. Too often you get a fruit salad.

With today’s more intensive focus on driver-based planning and key performance indicators, this  article will help management and FP&A staff think through the issues for better Variance Analysis and Corporate Performance Management.

Five Common FP&A Problems and How to Solve Them

 

After her  round of meetings with financial planning and analysis professionals across the globe, Larysa Melnychuk, managing director of the London FP&A Club, returned with plenty of stories and insights about the challenges they face. Here, Melnychuk reflected on the biggest obstacles FP&A professionals face, and possible solutions to overcome them.

 

Beware of FP&A System Demonstrations

by Michael Coveney, co-author of "Budgeting, Planning, and Forecasting in Uncertain Times"

So you’re looking for a system that can help you improve your ability to plan and manage organizational performance. You’ve been using a spreadsheet for many years to budget and although it is infinitely flexible, you are worried about the integrity of the data and the fact that no one quite knows how the macros and VB scripts work. Oh, and you never seem to have adequate data to make ‘real-world’ decisions.

In looking through various blogs and magazine articles, you’ve heard that corporate performance solutions are the ‘in-thing’ and that everyone seems to be implementing them. So after doing some research you shortlist three suppliers who are now all going to tell you why their system is unique, the best and how much better off you would be if you choose them.

Top 5 FP&A Trends and Challenges

By Larysa Melnychuk, Managing Director at FP&A Trends group

The past 5 years have seen significant transformations in the FP&A world.

I have been fortunate enough to have travelled extensively and seen these changes.  I observed many restructures, system implementations, analytical insights and innovations, redundancies, frustrations, deadlines… In other words- I saw a lot of changes in the FP&A World first-hand: both successful and painful. I met a lot of FP&A professionals – hard working, exciting, inspiring and often burned out.

At the beginning of this year, I want to share my list of the Top 5 FP&A Trends to watch in 2106.

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