In this article, the author explains the challenge of translating the impact of business activities or initiatives devised after the planning cycle. This article provides a comprehensive view of mitigating it in the post-planning part of the cycle with the FP&A team’s involvement and applying Driver-Based Planning.
There are probably a lot of tips and learnings you have picked up as you went on your journey as a finance business partner, but you may still be up for some surprises from the list here.
One of the most important aspects of the FP&A role is to be able to provide insights by analysing the P&L. On the surface, P&Ls measure the profitability of the whole business and a lot of times FP&A professionals will look at P&Ls for the overall health of the organisation.
Similar to a conductor of an orchestra, the finance team looks at all different functions, allowing some to grow faster at times but never taking eyes off other functions so that every function in the company always performs as one to achieve the best results possible.
Companies nowadays are looking at using specialised FP&A solutions to help improve the accuracy and efficiency of the forecasting process. Depending on the maturity of the FP&A function, we can roughly divide companies into three levels of maturity in terms of their use of specialised FP&A solutions.
In this article, I will discuss the challenges finance teams face in Asia Pacific and some insights to how we can manage remote FP&A teams. These challenges are mostly similar to other regions where teams are away from headquarters and scattered in various locations.
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Author's Articles
In this article, the author explains the challenge of translating the impact of business activities or initiatives devised after the planning cycle. This article provides a comprehensive view of mitigating it in the post-planning part of the cycle with the FP&A team’s involvement and applying Driver-Based Planning.
There are probably a lot of tips and learnings you have picked up as you went on your journey as a finance business partner, but you may still be up for some surprises from the list here.
One of the most important aspects of the FP&A role is to be able to provide insights by analysing the P&L. On the surface, P&Ls measure the profitability of the whole business and a lot of times FP&A professionals will look at P&Ls for the overall health of the organisation.
Similar to a conductor of an orchestra, the finance team looks at all different functions, allowing some to grow faster at times but never taking eyes off other functions so that every function in the company always performs as one to achieve the best results possible.