This article summarises the presentations and discussions during the recent Digital FP&A Circle on how Artificial Intelligence (AI) and Machine Learning (ML) have reduced the process burden, increased the speed of insights, and ultimately supported improved decision-making at Konica Minolta and Amazon.
Scenario planning came to the forefront and even these had to be quick, flexible, and adaptable. Our six panel members took us through how they had to adapt and change system and processes for the “New Normal”.
2020 has been a turbulent year and few departments have felt this as much as FP&A. We have been looked to as saviours of the company, guardians of cash, and stewards of planning, re-planning, and some more planning. It should also give cause to reflections on how we can improve and be ready for what comes next.
On 17 November 2020, FP&A Trends Group gathered senior FP&A professionals from Electrolux, Jedox, Michael Page, Business Partnering Institute, and FP&A Trends Group who shared their insights on the five facets of the “New Normal” FP&A.
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.