The next step of the Australian FP&A Board led us to meet in Melbourne with about 30 FP&A practitioners attending and debating about challenges, trends and best-practices in Financial Planning and Analysis. We would like to share some of the insights from the event in short summarized form. The topic of this board was “FP&A Analytical Transformation”.
Daniele Tedesco
Daniele Tedesco is a former CFO and investment banker and has successfully led a vast number of M&A transactions (buy- and sell-side) as well as driven value-based management approaches in different companies.
He has more than 15 years’ experience in corporate finance and was the head of Technology Equity Research of a large Swiss bank.
Author's Articles
Another successful FP&A Board was held in Sydney on 21st August 2018, where more than 50 FP&A practitioners attended and discussed their challenges and trends in Financial Planning and Analysis.
More than 15 years ago, the Harvard Business Review had already declared corporate planning and budgeting as all but dead. “Corporate budgeting is a joke, and everyone knows it,” the business magazine wrote in 2001. The polarizing article generated an enormous reaction. However, little has changed since then.
As the year slowly draws to a close, CFOs also start their annual haggling over costly budget items. Various challenges force companies to dismantle old, cost-inefficient structures. In looking for new budgeting options, a well-known but controversial method is moving back into the limelight: zero-based budgeting (ZBB).