Change is inevitable. And a process of change – a story – starts always with a question. Why do FP&A professionals need to ask more effective questions? Where should you start?
The current COVID-19 disruption has led to a historical change requiring adaptability and increased visibility for CFO and the executive team. At the First Pan-Australian Digital FP&A Board, the panel of 7 high-profile speakers discussed how financial planning and analysis (FP&A) can adapt to the "New Normal".
FP&A is going to thrive and evolve if it continues to enhance the decision-making process in an uncertain business environment. This is why we need to see a huge shift in the FP&A skill set.
What is systems thinking and how can it be applied in a real-life finance business partnering scenario? A modern finance business partner requires a shift in mindset away from linear to more of interconnectedness.
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.
Staying ahead of the competition requires FP&A to become a strategic business partner. Strategic finance business partnership primarily focuses on making the whole company stronger.