By deploying integrated FP&A organisations see greater performance improvements compared with traditional FP&A processes. This is enabled by combining strategic planning, business planning and forecasting and operations planning and forecasting.

Victor Barnes, Global CFO, The McDonald’s Division at The Coca-Cola Company, shared their recent global digital transformation initiative toward one source of truth to improve their processes.

At the third FP&A Board Connect, Lukas Herbert shared a business case study on Zero-Based Budgeting (ZBB).

Developing predictive models, forecasts and scenarios to assess risk and assist decision making is one of a finance department’s most important activities. If finance managers neglect this activity, the company may encounter serious problems.

In the first FP&A Board Connect, Takeshi Murakami, Business Manager to CEO/President at Microsoft Japan, a speaker of the second Tokyo FP&A Board, explains how Microsoft achieved remarkable results by using predictive analytics and machine learning in FP&A.

Imagine you’re a train dispatcher tasked with making hundreds of trains run smoothly every day. They must go through an interconnected network where trains run in a sequence and can’t just pass each other along the route. Suddenly a delay occurs on one of the trains because a door won’t close properly. What do you do?