Statistics demonstrate the stark truth: that only 30% of change programs are successful, a proportion that has hardly changed since 1995. What can FP&A do to ensure we reverse this?
2020 and 2021 have been challenging years for everyone. Two years after the arrival of Covid -19, business and lives are still very much disrupted.
So, what did we learn from the pandemic that we can now put in place so as to help with future black swans?
Zero Based Budget has seen a resurgence over the last few years, especially during the pandemic. As organisations feel the effect of the pandemic, they are turning more and more to using Zero-Based Budgeting (ZBB) to ensure survival.
As organisations get to grips with data and technology, now more than ever, we see the emergence and the importance of FP&A Storytelling. So how can we apply analytics, visualisation and dashboards for better FP&A Storytelling and what are the dos and don’ts of FP&A Storytelling?
Budgets were invented in the Industrial Age as an efficient management tool. So why in this day and age of VUCA, most of the organisations around the world are still so hung up on traditional budgeting?
In the last couple of years, we have seen the business world turn upside down and organisations confronted with an ever-changing and dynamic environment. The traditional budgeting process is long obsolete. With most Organisations are not ready to abandon their traditional budgeting, Zero Based Budgeting is definitely a great way of improving and keeping the traditional budget relevant.
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Understanding new KPIs and drivers, their impact and how we can influence them has been a key priority for leading organisations. This, however, requires good understanding and implementation of Driver Based Planning, coupled with key business strategies.
Why is so much time being spent on non-value add activities? How can we overcome this problem? What is the role of the modern FP&A Business Partner in Creating Value for the organisation? The Digital UK & Ireland FP&A Circle met on the 25th of May to explore how FP&A can “Create Value through better Business Partnering”.
Statistics demonstrate the stark truth: that only 30% of change programs are successful, a proportion that has hardly changed since 1995. What can FP&A do to ensure we reverse this?
2020 and 2021 have been challenging years for everyone. Two years after the arrival of Covid -19, business and lives are still very much disrupted.
So, what did we learn from the pandemic that we can now put in place so as to help with future black swans?