There is no doubt that 2020 has been one of the most disruptive years for all of us in many aspects of our professional and personal lives. In this article, I would like to discuss the new challenges in FP&A and how we need to face the new circumstances in the short and long term.
On March 25, 2021, about 550 FP&A practitioners from 70 countries around the globe gathered to discuss FP&A Role in Capital Planning: Getting Beyond the Traditional.
In any technological transformation adventure, start with the data and start small. Good clean data, standardised across your organisation always leads to better outcomes. Start small but ensure you can scale up quickly. This ensures you learn and fail early before you go big.
Although FP&A professionals are good at analyzing past events, past performance does not predict the future. How can we make forecasts more influential?
FP&A function is changing rapidly together with our world. xP&A means “Extended Planning & Analysis” and is now slowly taking place of the traditional FP&A. FP&A Business Partnering Maturity Model as below is showing us three stages of different aspects of core FP&A competencies. xP&A is covered under the "Leading State" column.
Decisions make or break a business. Planning is the decision-making process that defines your future business performance.