Today’s finance department is a weaved together mix of shared service centres, centres of excellence, outsourcing arrangements and the retained business partnering functions such as FP&A.
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In February 2020, the Dubai FP&A Board gathered for the 7th time to discuss the subject of "Building Winning Financial Planning and Analysis (FP&A) Teams". Lukas Herbert, FP&A Director at Takeda Pharmaceuticals, facilitated the meeting.
Today’s world is characterized by information overload and attention deficit. The amount of data being created, processed, and hence available is exploding. More data was created in the last 2 years than was created since the beginning of humankind.
The idea of a budget is so core to financial wisdom that it’s one of the first lessons we learnt from our parents for keeping our finances (and lives) on track. Annual Budgeting exercises have been the norm in almost all companies, big and small, across the world for decades. However, in recent years, there has been a lot of news about companies, some very prominent headline-grabbing ones, doing away with their annual budgets and moving to a monthly rolling forecast-based system.