For most marketing managers doing the annual budget is a bore or waste of time. With most transactional services outsourced and financial management centralised in the home country of the company, local financials spend more and more time with planning, budgeting and forecasting.
Collaboration is important, as “goes without saying”: “We must collaborate to solve this problem” or “They don’t collaborate!”, about an unsuccessful team. On one hand it is obvious what collaboration means – working together, duh! However, I came across a phrase which defines collaboration clearly and to the point.
This article highlights some of the common cognitive biases that the author has come across in his career and how awareness and mitigation of these could lead to our becoming better finance and FP&A business partners.
FP&A professionals have various desirable attributes. This article looks at these attributes from a diamond perspective – cut, colour, clarity and carat – plus culture.
Many commercial finance or FP&A professionals focus on getting the model right and not enough time considering the how people are going to react to the outcome. This blog sets out a few tips to navigate the politics. In the words of Oscar Wilde ‘The truth is rarely pure and never simple’.
Finance professionals can serve in a wide variety of areas within an organization. However, some of these areas have had high demands over the last few years, especially the demand for professionals with specific skill sets and experience in business and financial analysis, and data analytics.