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.
Most FP&A departments are on a journey to a place where they can cope with today’s ‘new normal’. From our experience, organisations that are in the Leading state of the FP&A Analytics Maturity Model exhibit several characteristics.
How can FP&A enable a quick, integrated and multidimensional scenario planning process? What are the building blocks for an effective FP&A team? Where does the journey towards leading analytical stage begin?
Nobody could have predicted the COVID-19 pandemic. Every day the business environment was becoming increasingly unstable and unpredictable. At that time, we were asking what is the role of FP&A at times of "black swans"?
How can we plan and forecast in the uncertain environment? One of the current challenges for FP&A professionals is that traditional planning methods are no longer sufficient for this turbulent period. This is where FP&A Scenario Planning comes into play.