While FP&A professionals work in a field of numbers, language is a critical component of our profession. Far too often there is loose use of terminology in corporate finance.
The Controllership and FP&A are two separate components of the organisation. This article will highlight a couple of differences between the two.
Lately, I’ve noticed a significant uptick in the number of connections I have on LinkedIn who now list Strategic Finance as their primary job description.
Prediction is an important part of the work that FP&A practitioners do. This work has many challenges. One way to address these challenges is by minimizing the negative.
Managing a successful FP&A (Finance) department requires balancing the right blend of People, Processes and Technology. Of course, this construct is nothing new, we’ve all heard this many times before.
Being a business partner will increase your scope and you will be more dependent on others. Learning to delegate, choosing the battles to fight for, saying no without compromising the relationship, continuing to expand your knowledge, surrounding yourself with the right people and supporting them would be the keys to success.