In this article, the author describes the Systems Thinking approach and shows how it impacted FP&A and Management, referring to his experience in the automotive industry.
Tom Byrne
Tom has spent over 40 years in Finance in several roles. He is passionate about applying the latest techniques to the FP&A process.
He is retired but undertakes some quant work for Worldquant and other interesting projects as requested.
Tom is a qualified accountant, an experienced performance management systems architect, a business intelligence and business modelling architect, a pre-sales consultant, an internal management consultant, a finance manager, an internal audit manager, a systems manager and more recently, has worked as a test manager at a transformational project for a major multinational company.
He is used to working closely with clients to get the best out of performance management software. Tom has experience in accounting and financial management, corporate finance, machine learning, Economic Value Added, Activity Based Costing, Enterprise Performance Management, statistical forecasting methods, management accounting and quantitative finance.
Specialities: Business strategy reporting, finance management, internal audit management, performance management, management accounting, ABM, EVA, operational research, business modelling, systems design and implementation, Cognos reporting tools and Framework Manager, Infor dEPM, Microsoft Analysis Services, MDX, SQL, VBA, MPC, Essbase, JIRA, PowerBI, Python, quantitative finance and machine learning, especially Scikit-Learn.
Tom has degrees in Maths and Philosophy and Operational Research and Management. He is a qualified accountant and quantitative analyst with certifications in TOGAF from The Open Group and in Machine Learning from WorldQuant University. He also has the Infor 'Black Belt' Solutions Architect certification.
Author's Articles
In this article, the author shares his experience in an extraordinary project - the Asfordby Mine acquisition by British Coal. Although the project was completed years ago, the techniques and technology used for planning and analysis were leading-edge and may still interest FP&A professionals.
I hope to show the analytical power that is now available to the FP&A practitioner and how it can drive business change in a structured manner; a method that involves considerably less effort than I had to apply all those years ago.