October 27, 2020
Being from Finance background, I totally agree that FP&A must train ourselves up to certain level of IT skills. To understand what system capability is available and what limitations are. Knowing not only the systems the company are using, also the more advanced technology
available in the market, so that FP&A can push IT to adopt those technics which will facilitate more business orientated FP&A work. In other words, IT holds the tools and FP&A owns the results. For FP&A to achieve a better performance, we need to sharpen the sword first. At the same time, if IT get some knowledge of Finance and business, the communication between the two parties can be so much more efficient.
When FP&A & IT walk into each other's shoes, a forced marriage can also be a happy marriage, because they speak the same language.