Any crisis raises the question of whether costs can be truly fixed. What fixed costs can be reduced? There are several expense categories that should be investigated further when thinking about reducing costs.
In this article, we will look at why financial planning and analysis (FP&A) tends to not to be involved in cashflow and why that can be dangerous and short-sighted.
We will also look at what are some of the key elements of a good cashflow focused mindset that FP&A can develop.
Most FP&A departments are on a journey to a place where they can cope with today’s ‘new normal’. From our experience, organisations that are in the Leading state of the FP&A Analytics Maturity Model exhibit several characteristics.
This article focuses on why there is a risk of too much focus on the profit and loss (P&L) or income statement and too little focus on the Balance Sheet among FP&A practitioners.
The First Digital Swiss FP&A Board took place on September 8th, 2020. About 400 finance practitioners from over 30 countries registered for this online event where senior professional panelists provided their views on 5 facets of the “New Normal” FP&A.
Working in FP&A during a crisis is extremely challenging but it is also an opportunity to mature processes, reach a stage where FP&A can conduct organizational changes and become a real Business Partner. This article highlights three main areas for FP&A improvement.