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This article looks at the key concepts and definitions of both integrated and agile FP&A. Through the two case studies, we explore how to connect integrated FP&A from a finance view to deliver continuous and real-time planning through an operational and technology view.
What is the winning formula of Integrated FP&A? Join the Digital Middle Eastern FP&A Board on the 15th of February at 5:00 PM GST to find the answer to this question.
Achieving flexibility requires a fundamental rethinking of all traditional planning techniques, methods and processes. The ability to forecast and plan continuously and flexibly stands high on the corporate agenda.
How can we create an FP&A eco-system that supports that speed and flexibility?
The New Normal means that planning is no longer an extrapolation of the past. Similarly, business drivers that worked last year may no longer be relevant for the future. The reality is that organizations face multiple possible futures. Each one can be triggered by a crisis or an unforeseen event that will require the company to adjust or even change course.
So how should FP&A adapt to this New Normal?
There has never been greater uncertainty and a faster pace of change than over the past months.
And yet, at a time that requires speed and agility, and in a function that needs these qualities more than others, we cleave to our traditional management accounting methods and adhere to our longstanding processes.