Senior finance leaders met at the 4th face-to-face Copenhagen FP&A Board on April 27th 2023. This meeting signified the restart of the International FP&A Board in the capital of Denmark after the Pandemic.
After a long hiatus related to the COVID-19 restrictions, the meetings of the International FP&A Board in Stockholm have finally been restarted. The first post-pandemic event was held on the 25th of April, 2023, in the beautiful Regus venue.
FP&A can be pivotal in helping educate non-financial managers and facilitating a better understanding of financial implications. The responsibility of FP&A is to provide insights into operations that ultimately do have financial implications. Similarly, operations should seek out the counsel of FP&A.
In this article, the author describes how the pandemic taught us to adapt and to react ‘on the fly’. The COVID pandemic was speeding up the adoption of digital technologies and was strongly transforming businesses in all industries, setting the trends for the future. The author outlines three phases of the pandemic and key lessons learned.
Global business has never experienced change at the scale and speed observed in recent years. FP&A teams need to be multi-skilled and multi-functional in this rapidly evolving environment. It allows them to develop new ‘playbooks’ to overcome challenging changes, taking on roles that are not typical for traditional management accounting.
The 200th landmark meeting organized by the FP&A Trends Group occurred on March 16th in New York. 25 FP&A leaders met to share their experiences and ideas about how to approach building the best-in-class FP&A teams.