How a finance function organises their teams will determine whether or not the teams can be successful. In recent years, an interesting phenomenon is emerging — companies are being more global, but at the same time centralising a lot of their functions.
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Building a good FP&A team is essential to the success of the finance function and even for the whole organisation. In today’s business world, FP&A teams need to build a strong foundation before they can take advantage of the new technology trends.
If FP&A professionals previously thought we had a tough job, the new reality of a very different world after COVID-19 will make our previous issues seem like a walk in the park. Where should we focus our efforts, and how can we provide the businesses with the best ways to move forward?
There is no lack of discussion about the skill sets that FP&A professionals need throughout their careers to be successful; even a cursory search on the Internet would provide a wealth of resources. Broadly speaking, those articles focus on four areas of skills: