To manage business complexity, we need to focus on improving our processes. In this video, Saurabh Jain, explains how analytical journeys at different organisations usually look like.

FP&A takes an exciting path of transformation to meet the demands of modern business. Driver-based and predictive analytics are fundamental approaches for FP&A to adopt in order to move to the Leading Analytical Stage. 

Many organisations over the last few years have been drumming on the need to become more data-driven and more “digital”. This short article looks at what potential implications that has for the Finance and Business Finance / FP&A function in particular.

How can FP&A enable a quick, integrated and multidimensional scenario planning process? What are the building blocks for an effective FP&A team? Where does the journey towards leading analytical stage begin?

The First Digital European (Germany and Benelux) FP&A Board discussed FP&A Digital Transformation: Moving from Traditional to Leading Stage. The speakers talked about FP&A transformation, driver-based planning, predictive and prescriptive analytics and the use of modern technology. During this digital event, we also discussed what skills are now required from FP&A professionals in the digital era.

FP&A analytical transformation has been dominating headlines for some time. In the last decade, finance, and FP&A in particular, embarked on a journey from descriptive to prescriptive analytics. True digital transformation integrates technology, data, and new processes across the entire corporation.