Decision making requires a formal process to ensure that sound bases are taken into consideration and to ensure accountability and control. It is applicable to the different types of (material) decisions i.e. investments, developments, catalogue or contract pricing, reorganisation, etc. It is more flexible and specific than the forecast methodology (budget, rolling forecast, etc.).
At the fifth Committee meeting, Kevin McConnell, Intelligent Technologies Solution Strategy at SAP, shared an interesting presentation about using Machine Learning for better results in FP&A. In the video, Kevin talks about the evolution of Machine Learning and how machine learning automation works.
The 6th meeting of the Dubai FP&A Board took place on November 20, 2019 at “The H Hotel, Sheikh Zayed Road, Dubai”. The weather was stormy and rainy but still 30 Senior Finance and Business professionals participated at the meeting. The Dubai FP&A Board was proudly sponsored by Michael Page, Jedox, and Azdan.
This article focuses on how to ensure that your team adopts business partnering because long-term it is not feasible to maintain quality of the work if you are trying to do it all by yourself. And quality is what makes partnering stick.
Businesses exist in order to improve the well-being of others. One approach businesses use for achieving this goal is the concept of people/process/technology. In businesses the element of technology is the responsibility of information technology (IT) departments; information technology is responsible for the acquisition, maintenance, and enhancement of technology. How can information technology improve its ability to acquire, maintain, and enhance technology? An answer is financial planning, thinking about how businesses can accumulate wealth.
On 12 November 2019, I had the pleasure of facilitating, the 7th Frankfurt FP&A Board meeting. The meeting was sponsored by Apliqo and Robert Half and attended by over 30 FP&A professionals. The key subject of discussion was “FP&A Business Partnering”.