The FP&A Business Partnering Maturity Model, developed by the International FP&A Board, evaluates an organisation's maturity in six dimensions of FP&A Business Partnering and enables them to create a transformation plan. By assessing their approach, knowledge, influence, skills, analytics, and technology, organisations can improve their FP&A capabilities and drive strategic decision-making.
In this video, Luis Parra, Financial Executive - CFO (most recently with Scotiabank), speaks about what involves being a true Finance Business Partner and using external benchmarks and business drivers in the planning process.
In this video presentation, Autodesk’s Finance Director Valerie Martin offers insights on how to ascertain what you need from your data, overcome challenges and be a successful data-driven Business Partner.
As the finance co-pilot of your company, you won't get to call the shots on strategy, sales tactics, marketing campaigns, or HR policies. But you can be a finance business partner, providing data-driven insights to make sure your co-pilots are maximising their potential.
Learn more from Western Power’s Head of Business Planning and Reporting about why you always need to invest in employees' skills.
According to the 2021 FP&A Trends Survey, only 12.5% of organisations spend 40% of their time on value-adding activities. Ironically, the feedback I am getting from my stakeholders is that our Business Partners have never needed us more than they need us today. Clearly, as an FP&A community, we all need to be taking action to empower, execute and become laser-focused on moving up the dial from 12.5% to ensure we can support and guide our Business Partners and show up as our best version.
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