FP&A and finance need to have a set of scenarios to support the decision-making process. This is especially important in the fast-changing and evolving environment.
On November 18, 2020, the International FP&A Board welcomed two FP&A thought leaders - Mike Huthwaite from the USA and Michel Haesendonckx from Belgium - to discuss the important subject of Empowering FP&A to bridge the Strategy Gap.
Scenario planning came to the forefront and even these had to be quick, flexible, and adaptable. Our six panel members took us through how they had to adapt and change system and processes for the “New Normal”.
2020 has been a turbulent year and few departments have felt this as much as FP&A. We have been looked to as saviours of the company, guardians of cash, and stewards of planning, re-planning, and some more planning. It should also give cause to reflections on how we can improve and be ready for what comes next.
A Global FP&A Trends Webinar that was held on the 10th November 2020 focused on why predictive planning is so important, especially in the uncertain times that we are living in.
At this digital event, senior professionals from Citi, Motesque, Government of Ontario, SAP and Michael Page shared their insights and experience on how FP&A has been dealing with the new challenges.