This is the summary article in a series of eight articles about the Operational Budget (OB) and its associated Operational Income Statement (OIS). These articles have described the significant enhancements the OB and OIS provide to the traditional budget and related financial processes and techniques.

Explaining and forecasting activity evolutions require to isolate correctly different factors (variables) that have an impact such as quantity, price, customer win/loss, competition. In the international environment, currencies and currency variances are one of the important variables.

It is commonly agreed that the traditional budgeting process is time-consuming and costly. It rarely focuses on strategy and adds little value. Although traditional budgets have evolved over the years, they can hardly meet the challenges of the modern economic and business environment.

How to make sure your top-down and bottom-up planning processes are harmonized beyond the finance function? Extended planning and analysis (xP&A) can be a solution.

So, you got support from your executive leadership team and you hired or grown some talent in FP&A. This article will explore three top FP&A business partnership projects to deliver value and supercharge your FP&A team.

Any crisis raises the question of whether costs can be truly fixed. What fixed costs can be reduced? There are several expense categories that should be investigated further when thinking about reducing costs.