The First Digital Swiss FP&A Board took place on September 8th, 2020. About 400 finance practitioners from over 30 countries registered for this online event where senior professional panellists provided their views on 5 facets of the “New Normal” FP&A.

This articles looks into the activities that took place during 10 months during one of my assignments and include several recommendations for anyone who is about to set up a brand-new FP&A department in a company in transition. 

FP&A, technology and best practices are in constant motion. One key item in your FP&A survival toolkit is having professional development and continuing education opportunities. This article will explore the tools, processes and other areas you need.

The first Pan-Australian FP&A Board was held digitally as a response to the pandemic outbreak. This digital meeting was devoted to 6 facets of the New Normal FP&A including Scenario Planning, Cash Flow Planning, FP&A Team Building, Technology, Driver Based & Predictive Planning and FP&A Skills and Roles.

The current world is full of dead budgets and unrealistic forecasts, and FP&A teams need to adapt quickly to prepare for the future. At the first Digital Pan-Asian FP&A Board, senior finance practitioners from large organisations shared their insights on a variety of topics.

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.