Every large organization in the world today, from Apple to P&G and from Ford to Goldman Sachs has a dedicated Financial Planning & Analysis team with bespectacled finance professionals claiming to be “more than mere accountants” or even “value-adding business partners”. What is FP&A and why has it become arguably the most important function in a company’s finance organization?

Looking to leverage your FP&A team into strategic partnership? One question to ask is how does FP&A drive strategic partnership & value? Strong FP&A teams have a neutral perspective and bring data driven decision making into the partnership.

The 21st century has allowed us to communicate in a number of effective and innovative ways. Email, Skype, Twitter, Facebook, Tinder, Hashtags, the list goes on and on in relation to forms of communication which are anything but the simple and most basic form of communication; conversation.

One element for FP&A teams to provide value is strategic partnership. Therefore, with any change in direction or focus, it is important to understand how to start. Below, I will cover a simplified and quick start guide for starting the strategic partnership process.

FP&A professionals know their trade very well when it comes to the technical skills used to plan, forecast, and execute the strategy of a company. However, to truly influence the strategic directions they need to be able to influence their stakeholders.

The Controllership and FP&A are two separate components of the organisation. This article will highlight a couple of differences between the two.