The cost of complexity can be significant – upwards of 5% of sales in global organizations. Forward-thinking FP&A leaders can play a significant role in realizing this value by leveraging technology innovations that support fully integrated P&PM processes.
How can an FP&A practitioner assess the effectiveness of financial reporting processes? This article describes five tips that could be used in order to establish a starting point in the process.
There is no point on aimlessly analysing data in the hope that something will jump out at you. It won’t and all that you will do is waste vast quantities of time and effort. Like any search, there must be an objective and a plan to reach that objective. This is where a mature approach to analytics comes in. The author reveals a mature approach to data analysis that includes 4 stages.
On 25th January 2018, the London FP&A Circle gathered for the fifth time to discuss what new challenges and trends are there in the FP&A field. In one room, 60 finance practitioners exchanged their expertise. They represented internationally acknowledged companies, such as Experian, Imperial Tobacco, Sony Pictures Television, Thomas Cook and many others.
FP&A is a process of thinking and learning about how companies earn income and generate cash flows. In order for this process to be effective a bridge between planning and analysis is necessary. I learned about the importance of this bridge early in my professional life.
In a previous blog post, I mentioned that people who are highly sensitive to the lack of flexibility of traditional budgeting often see rolling forecasts as the answer. So, you might think, forecasts are like budgets but done more frequently – right?