How a finance function organises their teams will determine whether or not the teams can be successful. In recent years, an interesting phenomenon is emerging — companies are being more global, but at the same time centralising a lot of their functions.

As the appetite for detailed business insights is growing on data that is accumulating, we face the need for a stronger, true cooperation between FP&A and IT, to support faster, more accurate business decisions.

In this article, we will look at why Financial Planning and Analysis (FP&A) tends not to be involved in Cash Flow and why that can be dangerous and short-sighted.

We will also look at what are some of the key elements of a good Cash Flow-focused mindset that FP&A can develop.

At this digital event, senior professionals from Citi, Motesque, Government of Ontario, SAP and Michael Page shared their insights and experience on how FP&A has been dealing with the new challenges.

There are so many great stories to be told in FP&A! Due to technological advances, FP&A professionals now have access to advanced analytics, flexible dashboarding and effective data visualisation tools.

Today’s finance department is a weaved together mix of shared service centres, centres of excellence, outsourcing arrangements and the retained business partnering functions such as FP&A.