Nobody could have predicted the COVID-19 pandemic. Every day the business environment was becoming increasingly unstable and unpredictable. At that time, we were asking what is the role of FP&A at times of "black swans"?
FP&A analytical transformation has been dominating headlines for some time. In the last decade, finance, and FP&A in particular, embarked on a journey from descriptive to prescriptive analytics. True digital transformation integrates technology, data, and new processes across the entire corporation.
In this 6-minute video, Tanbir Jasimuddin, Director of Finance at Vardags, explains key concepts and definitions of the Integrated FP&A concept. Tanbir presentation is based on his experience of leading a number of transformational projects both in the UK and internationally.
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 challenges around leveraging better technology have been well documented but relatively little has been written about the environment that FP&A works within. How that can help FP&A have more impact?
By Steve Benham, Co-Founder and Director at Profit& Ltd
Anyone working in the FP&A space knows intermittent disruptions such as the COVID-19 epidemic are the just tip of the iceberg because, at some level or another, every business day is a ‘VUCA’ day and if you invest in building FP&A processes that prove their worth every working day then you’ll be better able to weather a crisis.