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.
There are so many great stories to be told in FP&A! Due to technological advances, FP&A professionals now have access to advanced analytics, flexible dashboarding and effective data visualisation tools.
Today’s finance department is a weaved together mix of shared service centres, centres of excellence, outsourcing arrangements and the retained business partnering functions such as FP&A.
This article focuses on why there is a risk of too much focus on the profit and loss (P&L) or income statement and too little focus on the Balance Sheet among FP&A practitioners.
In FP&A there are plenty of tools, technologies and fancy options at your disposal. However, these eye-catching technologies won’t take your team to the next level without 3 key people processes that your team should be leveraging.
Business acumen is the admission ticket to a permanent seat at the decision-making table in your organisation. This article will explain how FP&A professionals can gain or improve their business acumen.