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FP&A: Let’s speak the same language

By Irina Steenbeek, ABN AMRO Bank N.V. , Data management consultant

‘Let’s speak the same language’, was once said at the Amsterdam FP&A Board. Do you know what your FP&A Colleagues meant with this expression? And do you also find it challenging finding a common language within various departments of your company?
In this article I would like to tackle this issue and give you some tips on creating better and more efficient ways communication between different units within your company.

Evolution of 'Business Analytics'

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

‘Business Analytics’ is often portrayed as the latest miracle cure for managers wanting to improve corporate performance. But like most IT based capabilities, the hype is often in the realms of fantasy, which can never be realised. However, analytics is a capability that can bring tremendous value to those organisations who understand how and when it can be applied.

Increase Revenue by 8%, Reduce Costs by 10% using analytics

By Ian Yates,  Managing Director at Barcanet

It goes without saying that every successful business needs to be in full control of their finances - both income and expenses. To thrive in the current economic climate, businesses must make effective use of all the data their business produces. 

Although costs should not be a businesses No. 1 priority, it is paramount that business owners grasp the positive financial impact detailed analysis of their cost and operational performance data can have in both the short and long term. 

Towards Analytic Maturity

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

The volume of data available today is staggering. It is estimated that every 60 seconds around 1,820 Terabytes of data will have been created, 700,000 Google searches performed along with 98,000+ tweets and 11 million instant messages. Of course not all will be relevant to your organisation, but if data represents the ever changing requirement of our customers, shouldn’t we be interested? Business Analytics provides the only way to quickly and effectively sift through an ever increasing mountain of data to highlight hidden trends and nuggets of information that could be vital to survival and growth.

The New World FP&A Business Partners: Who are they?

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

On 16th May 2017, 35 senior finance practitioners joined the fourth meeting of the Geneva FP&A Board. The representatives from such leading companies as Duracell, DXC, General Mills, Honeywell, Medtronic, Newell Brands, Nissan, PepsiCo, Procter and Gamble, The Economist, Tesco PLC, etc., gathered to discuss the latest trends in FP&A Business Partnering