Organisations are operating in the world of ‘unknown unknowns’. As they strive to adapt, Financial Planning and Analysis (FP&A) has become increasingly important. FP&A teams must be agile and analytical. They have had to develop whole new ‘playbooks’ in order to overcome challenging changes, taking on roles that are not typical for traditional management accounting.

There are probably a lot of tips and learnings you have picked up as you went on your journey as a finance business partner, but you may still be up for some surprises from the list here.

The Digital German FP&A Board will be held online on the 5th of October from 5:00 PM to 6:30 PM CEST to explore how to build Winning Financial Planning and Analysis (FP&A) Teams.

What does winning as an FP&A Team mean? A common problem for the FP&A team occurs when the information provided is not used or valued in the decision-making process. Setting up the FP&A team correctly will help alleviate this problem and optimise your FP&A team’s influence. This article will examine how Gallagher has set up its FP&A team to win. 

Every FP&A professional has an active role to play in business partnering, supporting the leadership team to aid decision making. To enable this, the FP&A team must be positioned to inform the future impact of decisions that are being made now. This requires understanding what the company’s strategy is, where the company is heading, what part your business unit/function play to get there and what are the KPIs on which they are being measured.

How does an accountant move from being a compliant type bean counter to a value-add influential finance business partner? The article looks into three thoughts that can be a good start.