All functions have operational deliverables, with perhaps a very few exceptions like a Corporate Strategy function. Given this “daily business” that has to be conducted, it is logical that risk rears its considerable head when attempting change. The greater the change impact and ambition, the bigger the risk has to be taken into account on how to guarantee “business continuity”. FP&A is not exempt from this.
Finance transformation is high on the agenda for the majority of finance departments. What is driving this? There are a number of push factors that are important.
Change was the other name of 2019 and the area of corporate finance was no different to experience massive fast-paced change. We saw many topics which were “great discussions” in the past now being implemented... these changes are going to stay and will intensify further in the year of 2020 & beyond.
In this FP&A Talks, we speak with Thomas Lundell, Finance Director and Chief of Staff for Enterprise Countries at NetApp. Thomas shares his story of how he took part in building and transforming the FP&A team at NetApp. FP&A Talks is a collaboration between FP&A Trends Group and Anders Liu-Lindberg
How can FP&A partner with the business to enhance enterprise value? By optimising the decision-making process and supporting critical investment decisions, FP&A can drive the business forward.
In the age of metrics and measurement, what are we doing to measure the satisfaction or happiness of those involved in FP&A? When organizations have low employee engagement, they incur additional costs related to the overall drain on productivity, turn-over, etc.., but more importantly companies are missing out on the upside potential to grow and compete based on the creativity, innovation and hard-work invested by an engaged workforce.