This article provides a working model for businesses eager to transform a typical volume-intensive, cost-focused Shared Service Centre into a value-oriented COE. It also provides the reader with a detailed overview of the differences between these notions, a practical example of such a project and critical factors to consider before driving this transformation.
In this article, the author covers the evolution that FP&A has undergone and outlines why it’s crucial to build an FP&A team consisting not only of Analysts.
In this video, Abdel-Rahman Selmy, Director Supply Chain Finance at Unilever, shares his view on FP&A trends from the People's point of view. He outlines the main areas where FP&A will be required to collaborate to ensure agility and growth and the main trends in FP&A Team Roles.
This article discusses how to provide information in a way that facilitates strategic thinking, using the five common skills for building a winning FP&A team.
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.