Challenging market and rising costs put businesses into a non-stop race for efficiency and expense reduction. Cost management and identification of real expenditure sources in the production process are among the highest priorities for Financial Planning and Analysis (FP&A) and the entire finance department in almost every company.
Alexey Jodzishsky
Since 2001 Alexey has been working with financial analysis and data management tools, focusing on Planning and Budgeting, Profitability and Cost Allocations, Management Reporting, and data integrations solutions.
In his career, Alexey has taken part in solutions delivery, which helped businesses to improve financial planning, analysis, and efficiency in the use of data. For customers in the financial sector, telecom, retail and manufacturing, he was providing advice and practical assistance, to help create planning and management reporting platforms. He has worked with companies ranging from multinational corporations to local retail chains.
Author's Articles
At the end of the day, FP&A isn’t a technical department. Its role is to develop the operating and financial plan and help the organisation to achieve set goals. It is therefore very important to receive technical support and advice from qualified professionals. This support will be much more helpful if it considers finance and planning specifics. In other words, the technology specialist should be a part of Finance or, even better, the Planning department itself. This role can be called a “Finance Technology Officer” or FTO.
Being adaptive to changes in the surrounding world and changing yourself is the only way to progress today. Continuous transformation of planning and analysis approaches becomes a lifestyle. Digital Transformation forms a fundamental part of it. At the same time, changes bring risks and the only way to manage them is to be prepared.