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FP&A People

FP&A Business Partnering

by Antony Parker, AECOM

Introduction

One important skill finance professionals are never taught during their formal education is the power of personal engagement with operations and using these relationships to deliver bottom line value. There is too much focus on models, processes, procedures and systems without regard to the fact that all these have to be developed, operated and interpreted by people.

I never cease to  be amazed by the number of job ads that contain the title “Business Partner” without the candidate or employer knowing what the term means or understanding the behaviors and competencies  associated with effective business partnering. Many organizations also fail to understand the powerful linkage between partnering and organization performance.  They simply see business partnering as an attempt to convince themselves that by  following latest trends the organization will achieve success.

FP&A Trends TV Series: FP&A Organisational Transformation in Nielsen

In this episode of the FP&A Trends Video Series, Fredrik Hedlund, Europe CFO  at Nielsen, shares his insights on FP&A organisational transformation.  Nielsen Europe completely transformed FP&A in 42 countries of Europe through implementing effective FP&A organisational structure.

The Qualities of FP&A Practitioners

By Karl Kern, Founder/President, Kern Analytics LLC

A definition of quality is “a distinctive characteristic possessed by someone.”  The work of FP&A practitioners focuses on thinking and learning about how financial activities – earning revenues, incurring costs, generating cash flows – affect organizations.  The thinking and learning about this relationship require a mindset that creates results.  

FP&A: Asking How

By Karl Kern, Founder/President, Kern Analytics LLC

An important characteristic of FP&A practitioners is a commitment to continuous improvement.  There are a number of ways for FP&A practitioners to commit toward improving their work.  For me, one of the ways I commit to continuous improvement is reading books.

A book that I recently read was SUPERFORECASTING by Philip Tetlock and Dan Gardner.  There are a number of helpful statements in the book and for me, one statement stands out as a guide for improvement.  The statement appears on page 150: “A probabilistic thinker will be less distracted by ‘why’ questions and focus on ‘how.’” This statement provides a way to improve the work of FP&A practitioners.

How to Become an FP&A Professional

By Simone da Silva Collins, Finance Manager, Polycom

Have you thought of becoming an FP&A professional?

When I was studying for my accounting qualification, I assumed I would become a traditional accountant. I did not know then how wrong this assumption would prove to be. This article gives an insight to my path in becoming an FP&A professional and short guide on how to become one.

Simone da Silva Collins is an FP&A professional working in Polycom, an industry leader in unified collaboration solutions.

She provides business partnering to various departments of Polycom in EMEA. She was previously the Group Finance Analyst supporting the Executive Team at Intec (now part of CSG), a provider of Business Support System (BSS) software and related services, primarily for the telecommunications industry. She also worked for Telewest (now part of Virgin Media) for over 7 years providing commercial and financial support to the Interconnect team.

Simone is originally from Macau in SE Asia. She gained her Masters at Manchester Business School. She has also recently achieved FP&A accreditation.

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