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. 

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.

A study showed that organisations with high bonus payouts performed much better financially than those who did not pay high bonuses. This is why incentives can be seen as a financial tool to drive better performance.

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.

After spending 15 years in the corporate life holding various finance leadership roles within diversified range of industries and in organizations of different sizes and nature, I have realized that leadership is not about position, it’s all about perspective and our ability to create positive and strong influence within the organization.

At the first Digital London FP&A Circle, the members discussed the latest FP&A team roles that are not typical for traditional management accounting.