Skip to main content
Home
The Online Resource for Modern FP&A Professionals
Please register to receive the latest FP&A news, updates and tips Login

Main menu

  • Home
  • FP&A Insights
    • FP&A Trends Digest
    • FP&A Trends Research
    • FP&A Trends Insight Paper
    • FP&A Trends Survey
    • Short Videos
    • Our Contributors
  • FP&A Events
    • International FP&A Board
    • FP&A Trends Webinars
    • Digital FP&A Circles
  • AI/ML Committee
    • Introduction
    • Members
    • Resources
    • Meetings
  • FP&A Tools
    • FP&A Trends Maturity Model
  • About Us
    • Company Policy
    • Privacy Policy
    • Editorial Guidelines
    • Our Ambassadors
    • Our Sponsors & Partners
    • Contact Us
image
FP&A Business Partnering: Becoming Strategic and Influential
September 19, 2017

By Ernie Humphrey, CEO at Treasury Careers

FP&A Tags
FP&A Business Partnering
Financial Planning and Analysis

I recently had the honor of moderating a global webinar focused on how Finance leaders can leverage FP&A business partnering to impact performance across the enterprise. The featured speakers delivered nothing short of compelling experiences and insights. Larysa Melnychuk, the founder and managing director of FP&A Trends Group, shared her insights and experiences in moderating International FP&A board seminars across the globe. I doubt anyone has had as much face time with FP&A leaders across the globe than Larysa over the past 4 years. Ander Liu-Linberg shared his experiences and insights relative to the ground-breaking finance transformation that has taken place at Maersk over the past ten years. I wanted to share just a few of the great insights and take-aways they offered to our webinar attendees.

In terms of the key attributes of an effective FP&A business partner Larysa offered the following:

  1. Good communication and stakeholder management skills
  2. Commercial curiosity and business acumen
  3. Strong leadership
  4. Good interpreter of data
  5. Ability to see both the big picture and the details
  6. Creativity: This is the paramount skill
  7. Personality types that thrive on new ideas and creative thinking, rather than just number crunching

Anders delivered very insightful content as he discussed how being an FP&A business partner is both a mindset and a role. The highlights of that discussion are as follows:

The Mindset:

  • Purpose-driven
  • Act as if company money is their own money
  • They see it – they own it
  • They think ”Customer First”
  • They are role models

The Job Role:

  • Participate in strategy meetings to understand company direction
  • Participate in target setting
  • Translate strategy into execution
  • Performance management
  • Own the numbers and communicate performance throughout company
  • Share and implement best practices across the company

Anders also shared a framework for creating business partners that I believe can be leveraged by company leaders at companies of all sizes. A structured framework that is the WHY, WHERE, WHAT and HOW of what a finance business partner does; combines Business with Finance; offers six categories of activities: data, reports, analysis, insights, influence and impact; and leverages a competency model with four pillars: Technical, Partnering, Analysis and Leadership.

Larysa, shared the FP&A Business Partnering Maturity Model developed by the International FP&A Board. Any company can leverage this model to benchmark where they are at, determine where they want to be, and what it may take to get them there.

The conclusions and recommendations offered by Larysa and Anders are as follows:

  • Do your Finance Transformation right and avoid short-cuts
  • Be explicit about what Business Partnering is and what it's not
  • Training is needed to be successful with Business Partnering
  • Be patient as a Finance transformation takes longer time than expected to complete
The full text is available for registered users. Please register to view the rest of the article.
  • Log In
  • or
  • Register
+

Subscribe to
FP&A Trends Digest

We will regularly update you on the latest trends and developments in FP&A. Take the opportunity to have articles written by finance thought leaders delivered directly to your inbox; watch compelling webinars; connect with like-minded professionals; and become a part of our global community.

Create new account

image

Event Calendar

Pagination

  • Previous
  • June 2025
  • Next
Su Mo Tu We Th Fr Sa
1
2
3
4
5
6
7
The Unseen Cultural Shifts: Practical AI Case Study
 
Data Mastery in FP&A: Sharper Analytics, Smarter Decisions
 
8
9
10
11
12
13
14
Making FP&A Teams Fit for the Future
 
15
16
17
18
19
20
21
From Insight to Impact: FP&A Business Partnering in Action
 
Unlocking FP&A Analytical Transformation
 
22
23
24
25
26
27
28
Transforming FP&A with AI: Maturity, Impact, and Future Roles
 
Modern Financial Planning and Analysis (FP&A): Latest Trends and Developments
 
29
30
1
2
3
4
5
 
 
 
 
 
All events for the year

Future Meetings

The FP&A Trends Webinar How AI is shaping the future of Financial Planning & Analysis (FP&A)
The FP&A Trends Webinar Transforming FP&A with AI: Maturity, Impact, and Future Roles

June 25, 2025

The Face-to-Face Sydney FP&A Board
The Face-to-Face Sydney FP&A Board Modern Financial Planning and Analysis (FP&A): Latest Trends and Developments

June 26, 2025

The Face-to-Face Singapore FP&A Board: Modern Financial Planning and Analysis (FP&A): Latest Trends and Developments
The Face-to-Face Singapore FP&A Board Modern Financial Planning and Analysis (FP&A): Latest Trends and Developments

July 8, 2025

Webinar: FP&A Trends Survey 2025
The FP&A Trends Webinar 2025 FP&A Trends Survey: Benchmarks, Priorities, and Best Practices

July 9, 2025

Face-to-Face Oslo FP&A Board
The Launch of the Oslo FP&A Board Modern Financial Planning and Analysis (FP&A): Latest Trends and Developments

September 16, 2025

AI/ML FP&A
AI/ML FP&A
Data and Analytics
Data & Analytics
FP&A Case Studies
FP&A Case Studies
FP&A Research
FP&A Research
General
General
Integrated FP&A
Integrated FP&A
People and Culture
People and Culture
Process
Process
Technology
Technology

Please register to receive the latest FP&A news, updates and tips.

info@fpa-trends.com​

              

Foot menu

  • FP&A Insights
  • FP&A Board
  • FP&A Videos

Footer countries

  • Amsterdam
  • Austin
  • Boston
  • Brisbane
  • Brussels
  • Chicago
  • Copenhagen
  • Dubai
  • Frankfurt
  • Geneva
  • Helsinki
  • Hong Kong
  • Houston
  • Kuala Lumpur
  • London Board
  • London (Circle)
  • Melbourne
  • Miami
  • Milan
  • Munich
  • New York
  • Paris
  • Perth
  • Riyadh
  • San Francisco
  • Seattle
  • Shanghai
  • Singapore
  • Stockholm
  • Sydney
  • Tokyo
  • Toronto
  • Washington D.C.
  • Zurich

Copyright © 2025 fpa-trends.com. All rights reserved.

0