FP&A is no longer just a reactive part of an organisation. It has now become a very proactive partner in the business planning process. The modern FP&A is responsible for running multiple scenarios to equip the business decision-makers with a rich data set.

There are a lot of trends in FP&A that are being discussed but not implemented. In this digest, we would like to focus on how you can transform knowledge into action. We will discuss why predictive analysis, despite all the benefits, is still not widely used and how FP&A can efficiently leverage technology.

Traditional FP&A activities are becoming increasingly standardised and automated. To cope with these trends, finance managers should take over the role of sparring partner in their organisation.

There is no doubt that 2020 has been one of the most disruptive years for all of us in many aspects of our professional and personal lives. In this article, I would like to discuss the new challenges in FP&A and how we need to face the new circumstances in the short and long term.