The 24th meeting of the FP&A board discussed driver-based planning and predictive analytics in modern FP&A. The meeting was held on the 12th of September 2019, at IWG’s offices near Trafalgar Square. It was sponsored by Anaplan, IWG and Michael Page.

Normally, integrating actuals into the planning cycle is not an easy task. Often financial and operating results are spread across multiple databases and actual results and plan detail are at different levels. All of this makes meaningful Performance Evaluation difficult. 

This case study helps understand why a driver-based analysis approach is one of the winning methods for the effective decision-making process.

Recently, I have encountered a lot of discussions within the finance (FP&A) professionals community about business partnering. The challenge in such discussions is to move from theoretical reasoning into practical execution.  In this article, I would like to talk about one possible area where cooperation between FP&A and Data management professionals can deliver mutually beneficial results.

Scenario planning is an important technique for a flexible and dynamic FP&A that enhances the decision-making process. In this webinar, Rhodri de Lloyd, FP&A Manager at GoCompare​.com, talks about his company journey towards on-demand scenario planning and also shares some lessons learnt.

Mature driver-based planning models are an essential component of effective rolling forecast processes in complex, global organizations.  They provide the foundation for profitable growth by enabling strategy and cost structures to quickly self adjust to changing business objectives and market conditions.