What are the key success factors for implementing an effective and efficient Zero-Based Budgeting (ZBB) process? The Singapore FP&A Board had a very interesting debate on the subject and the conclusions from the debate are reflected in this article.
On June 19th, 2018, International FP&A Board launched the Toronto chapter. There were over 30 attendees, all senior finance executives, from various industries including telecommunications, pharmaceuticals, technology, retail and hospitality
A move beyond traditional budgeting does not necessarily mean losing the budget. Rather, it’s important to reduce some of the traditional planning approach and taking a modern, flexible view of how to best remain agile and perform better.
The 19th London FP&A Board was debating about Zero Based Budgeting (“ZBB”). One of the key questions was if companies see a new Era for ZBB. The meeting was well attended and was a great success.
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.
The future is unpredictable, the current business environment is harsh, competition is fierce. In these times of change, modern FP&A is both exciting and challenging. It is exciting because it utilises better and more sophisticated tools than previously, can embrace automation and the incredible power of online collaboration. However, it is difficult because old finance management practices are still alive: they are inadequate for the modern world.