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FP&A Trends

Playing Golf in the Dark

Golf in the DarkBy Steve Morlidge, Business Forecasting thought leader, author of "Future Ready: How to Master Business Forecasting" and  "The Little Book of Beyond Budgeting" 

About the only thing that everyone seemed to agree on in my old company was that forecasting was really important and that our forecasts were poor. But when I asked people how they knew that they were no good I got a variety of answers rather like the one a judge once gave when asked to give a definition of pornography: ‘I know it when I see it”.

FP&A: Learning to Love Risk

black SwanBy Steve Morlidge, Business Forecasting thought leader, author of "Future Ready: How to Master Business Forecasting" and  "The Little Book of Beyond Budgeting" 

If measurement – or the lack of it – is the biggest weakness in most forecasting processes, risk is the least well understood concept…mainly because it is something that we think we understand, but we don’t.

Traditional Budgeting: what are the alternatives?

By Steve Morlidge, Business Forecasting thought leader, author of "Future Ready: How to Master Business Forecasting" and  "The Little Book of Beyond Budgeting"

Why, when everyone hates it, do we still have traditional budgeting? My tentative answer to this would be that most people were not aware of the alternatives.

This blog will describe some of the candidates and assess to what extent they address the weaknesses of traditional budgeting that I outlined: cost, timeliness, dysfunctional behaviour and inflexibility.

Will You Be a Relevant FP&A Professional 5-10 Years from Now?

By Mark Gandy, Outsourced CFO, Principal at G3CFO

Edward Hess in his excellent book Learn or Die reminds us that today’s average tenure on the S&P 500 is 18 years and declining. In 1980, the average tenure was 30. 
Hess also states through his research that nearly half of the S&P was replaced in the past decade.
How’s that for company relevance?

Then he tells us the average tenure of the Fortune 500 CEO is just 4.6 years.
As an FP&A professional, you might be asking, “What does this have to do with me?” I believe the answer is everything.

FP&A Analytical Transformation Milestones: Setting and Reaching

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

On 8th June 2017, 30 senior finance practitioners from such companies as Aareal Bank, AIG, American Express Global Business Travel, Altran, CSL Behring, Dematic, Equinix, Lohmann, Merck, PepsiCo, Procter and Gamble, Takata, UL, etc., gathered in Frankfurt, Germany, to interactively discuss FP&A Analytical Transformation. 

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