As an FP&A leader in your organization be a gentle guide and rigid challenger. Question decisions made with you or just in your presence. Encourage reliance on financial data, not an exchange of opinions.
On the 27th of January 2021, I had the pleasure of facilitating the second Digital Benelux FP&A board meeting. The subject under discussion was “The Art and Science of Digitised FP&A Business partnering”, delivered by a truly international board panel of 5 members based in Canada, the UK, the Netherlands and Germany.
There is a lot of hype these days about the concept of FP&A Business Partnering. However, only 25% of FP&A’s time is spent on value-adding activities such as decisions support and business partnering (as per FP&A Trends Survey 2020).
On 3 December, we had an interesting debate on why extended planning and analysis (xP&A) is playing an increasingly important role in finance. Senior finance professionals from Deutsche Bahn, Jedox and Microsoft shared their views on the subject.
High uncertainty was the other name for 2020, and FP&A's have been going through massive challenges and transformations to adjust to the New Normal. What are the top 10 Financial Planning and Analysis trends to watch in 2021 and beyond?
In his 26-minute presentation, Paul Ashley Head of Applications, Lloyds Development Capital Limited, explained how the company has successfully implemented a digitised approach to business partnering, financial forecasting, and the private equity valuation process.