Analysis is only as good as the decisions that result from it. In the uncertain business environment, organisations that provide people with the intelligence to make better decisions will outperform their competitors.

“If the rate of change on the outside exceeds the rate of change on the inside, the end is near.” (c) Jack Welch

This is the summary article in a series of eight articles about the Operational Budget (OB) and its associated Operational Income Statement (OIS). These articles have described the significant enhancements the OB and OIS provide to the traditional budget and related financial processes and techniques.

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.

In this video, we dive deeper into a case study featured by Alex Beired, Global Director of FP&A at Guardian Industries, where Alex covers several questions about driver-based planning and FP&A transformation.

The modern Financial Planning and Analysis (FP&A) function has an important role to play in enhancing decisions through the power of predictive analytics and driver-based modelling.