On September 15th, we were discussing how to achieve FP&A Intelligent Transformation with senior practitioners from SWAROVSKI, Moderna and Board International.

The webinar was based on our global research that is focused on the FP&A Board Maturity Model categories of Process, Data & Analytics, and Technology.

Changes in the FP&A framework are mainly driven by an increasing amount of data, innovations in technology and analytical methods.

  - What are the key steps to consider for moving your FP&A process to the next level?

So why are we as finance professionals so slow to adopt digital transformation when there are so many proven benefits to us and the companies we operate in? I believe this is due to three main fears.

FP&A teams all over the world are undergoing a major transformation via the Integrated FP&A model. Data is the fundamental building block for this transformation.

In an uncertain world, plans with a single focus are no longer sufficient. Management needs to constantly scan the business environment, assess what lies beyond the ‘span of predictability’, and be prepared for a multitude of realities.

The world is changing, the business environment is changing, and finance needs to re-imagine itself as well. ZBB mindset supports finance teams on this journey by pushing them to deeply understand the business and connect the dots, build relevant insights based on available data, and use a new set of skills to influence the future direction.