Data Storytelling is a discipline at the intersection of data analytics, psychology, and design. It allows you to convey data insights in the form of a compelling visual story. This short article explains why we need data storytelling, how to do it, and what we can expect at the end.
Integrated FP&A involves harmonising the three levels of planning - Strategic, Financial and Operational levels. This is done both horizontally (cross-functional) and vertically (top-down and bottom-up), using integrated processes, people and platforms that connect all parts of the business. The case studies presented some real-world examples of implementing and applying integrated FP&A.
Because of Covid 19, businesses have faced unprecedented and potentially life-threatening challenges. This has highlighted the importance of using FP&A Predictive Analytics to stay ahead of the curve and take corrective action on time. At the FP&A Webinar, the panel of three high-profile speakers discussed the challenges, lessons and benefits of Managing Uncertainty with FP&A Predictive Analytics.
In the current highly uncertain business environment, an FP&A business partner needs to be equipped with defined skills and competencies that bridge technical acumen, technology, and influence. The organisation also has to evolve its model to allow the business partners to grow into a digitised FP&A business partner.
The COVID-19 pandemic has forced many companies to revise their strategies and budgets in preparation for the "new normal". In times of such unprecedented uncertainty, complexity and risk, Scenario Planning and Predictive Planning processes came to the forefront of the management teams and FP&A professionals.
Through the adoption of technology, FP&A teams are able to achieve complete visibility and help guide the company as a whole while assisting each team to optimise performance.