To deal with the resulting uncertainty, FP&A teams have had to demonstrate agility and analytical rigour, as well as flexibility. The organisational disruption, impact on business performance and changing supply chain demands have required FP&A teams to respond with rapidly changing forecasts, budgets and investment plans.
Traditionally, Financial Planning & Analysis (FP&A) teams were made of analysts. Today, in this incredible environment of constant change and uncertainties, the synergistic teams have to be multi-skilled. What are those emerging roles that we have to play in order to be successful in planning and forecasting?
FP&A is getting more and more relevant in the organisations as a key role to support the strategy and decision making. This article covers the main skills FP&A professionals should develop to succeed in the context of 2030s, highlighting the mix of technical skills such as data analytics and data architecture with soft skills such as influencing and storytelling.
In a world in which increasingly little can ever be taken for granted, the core capabilities needed for thriving FP&A teams are continuously developing.
In the video, Abbie Obomighie, Group FP&A Director at Spectris, shares her experience on the skills that help FP&A Teams succeed in uncertain times.
Our company has believed that “two think better and faster than one”. That is why pair programming is one of our secrets for success, and it does not pass unnoticed by our clients. So why should it be ignored by leadership?
This paper, based on our interviews with 25 top FP&A practitioners and thought leaders along with case studies from the largest global network of FP&A people, captures the best practices and new ideas coming out of this fast-growing area.