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FP&A Analytics

Rolling Forecast: 7 Factors for Success

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

The concept of a Rolling Forecast is a hot topic in FP&A at the moment. Many companies attempt to implement it, but not all of them are successful. Statistics suggest that one in five of the organisations that implemented rolling forecasts recently have since abandoned them, because they proved to be more complex than initially expected. Additionally, they didn’t find enough value in this tool to continue using it.

However, a Rolling Forecast can be a powerful tool for FP&A if used correctly..

Data Visualisation for FP&A: Is it a Game Changer?

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

“There is a magic in graphs. The profile of a curve reveals in a flash a whole situation — the life history of an epidemic, a panic, or an era of prosperity. The curve informs the mind, awakens the imagination, and convinces.” 

―Henry D. Hubbard

They say a picture is worth a thousand words… “Telling the story” is one of the most important tasks facing the FP&A professional, and data visualization is a powerful tool to reveal this story. Data visualisation is vital for FP&A analytics: it can help to reveal hidden trends and patterns, to filter out the noise and to generate valuable business insights....

London FP&A Board: Moving FP&A toward Advanced Analytics

By Nilly Essaides, Association for Financial Professionals (AFP)

Published first on http://www.gtnews.com and  http://www.afponline.org in February 2015

Nearly every financial planning and analysis professional understands the need to embrace big data and analytics. But how can firms move beyond basics to advanced analytics?

That challenge was on every attendee’s mind at the recent FP&A advisory board meeting in London. There, FP&A and business intelligence professionals gathered to discuss the state of business intelligence (BI) and FP&A analytics with Nigel Geary, BI specialist at power utility British Gas.

“I want to understand what’s considered advanced analytics and what’s considered basic,” one attendee said. “I’m trying to understand what good organizations are doing with regard to applying best practices. To me, it feels that it’s in its infancy.”

London FP&A Board: Insight Management Puts Data to Use

By Neil Ainger, GTnews

Published first on http://www.gtnews.com and  http://www.afponline.org/  in May 2014

The FP&A Board met for the third time in London on 1 May  2014. The  discussion was focused on how best to generate insights from data and ensure staff have the people skills to communicate data in a way that generates insights.

Steve Wills, Director of Insight Management Institute and the guest speaker,  stated that Insight and Insight Management are about understanding a company's information needs and then managing the way in which information flows through the organisation so that it has a positive effect. It’s about getting the right information to the right people, at the right time and in the right format to drive change. It isn’t about production but stakeholder management, issue analysis, journalistic skills and much more"

Insight Management  delivers the true value to the business and not just a one-off nugget of information. And FP&A have a definite role to play in organisational Insight Management framework.

Financial Planning & Analysis in Germany.

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

FP&A goes by many names. In Germany, it is called “Controlling”.  From my previous visits to Germany, I knew that German Controllers are different from Accountants: they are forward-looking, analytical and often very technical in their approaches.

Recently, I got a great opportunity to learn how FP&A is evolving in Europe’s strongest economy.

I was invited to speak at the first FP&A/Controllers’ event in Hamburg that was organized by IMPLEXA . “It is going to be an unusual format”, Timo Wienefoet , the Managing Partner of IMPLEXA warned. “We will combine our FP&A discussion with wine tasting”....

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