As technology keeps advancing, digitalising the FP&A function and integrating it across the organisation is not out of the reach for any company. The successful companies of tomorrow will thrive by implementing data-driven and digital planning processes.
There are three key building blocks for modern Financial Planning and Analysis: Digital, Data and Analytics. What are these building blocks, and why do they matter from the FP&A perspectives?
To be successful business partners, FP&A professionals should capitalise on the latest technological advances. So how can we digitise FP&A Business Partnering effectively?
In the last years, the digital transformation had an accelerated impact not only on improving customer experience but also on financial planning and analysis (FP&A) processes. This article gives insights into an innovative finance investment controlling project recently created at Zalando. The project is a digital platform and process called internally “Investment App” developed in an agile approach, to supervise large capital expenditures across Zalando business units.
Irrespective of the industry you work in, I am sure all of you would have noticed a huge change in the way your business operates in the last decade. You may have seen competition from previously unforeseen competitors, your CIOs talking about new digital ways of doing business and the utter lack of ready talent in your teams to manage this new challenge.
As an FP&A leader in your organisation be a gentle guide and rigid challenger. Question decisions made with you or just in your presence. Encourage reliance on financial data, not an exchange of opinions.