Price is a strong lever of the company performance, which is often underestimated. Having mastered price management skills, the company gets a strong boost not only on top but also and mainly on the bottom line.
Most FP&A professionals have excellent educational qualifications beyond their undergrad degrees. I have often been asked what the right education for FP&A is. This article tries to bring some clarity.
On October 22nd, 2020 the Global FP&A Trends group hosted another of its insightful webinars, putting in the spotlight the theme of Connected and Collaborative FP&A with its multiple facets – predictive planning, analytics supported by artificial intelligence and machine learning algorithms.
Financial models are crucial to the business but building them in Excel can be both complicated and frustrating. Setting up formulas and stipulating conditions takes time. And just when you think your model is water-tight, there is another error.
This series of articles focuses on blowing up this stereotype by demonstrating how Finance in general and financial planning and analysis (FP&A) in particular can change its language, use the right part of the brain to throw light on the most important business drivers, revive figures and make them tell a story that is easy to perceive and take action on.
This article applies to all private sector firms, not just Mergers and Acquisitions (M&A) and Private Equity (PE) firms. The technique described here can also be used to rank the profitability of five financial planning alternatives to the traditional budget.