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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. 

Analytic Model Vs Spreadsheets

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

Spreadsheets are without doubt the ‘killer’ application that turned the PC into an indispensable business tool. Before then, computing was the preserve of geeks and specialists who spoke in a language few accountants could understand as they served expensive, inaccessible machines locked away in their own air conditioned environment.

Rolling Forecast: To Implement Or Not To Implement?

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

Rolling Forecast can become the path leading to better company’s profitability and improved operating performance. This is a popular process in the FP&A world.  Many companies tackle the idea of taking it. 
Those companies that already implemented Rolling Forecast,  look at the ways of the process improvement. 

Using Analytic Models

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

There are only 3 things management can ever control:

  • The arrangement of its own business processes (e.g. sales, production, customer service, etc.)
  • The resources (money, people, assets) applied to those business processes, and
  • The volume and quality of work carried out within those business processes

However, organisations operate in an uncontrollable and often unpredictable business environment, such as market demand, energy, inflation and exchange rates.   As a consequence, the role of planning is to help manage what can be controlled to produce outcomes that will achieve organisational objectives, within an uncontrollable and unknowable external environment.

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