We all know the budget and we all hate it! So why do we continue to do it when it represents a static picture of the world seen at one moment in time? It’s not like we haven’t realized that the world is a lot more dynamic these days.
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FP&A Insights is a collection of useful case studies from leading international companies and thought leadership insights from FP&A experts. We aim to help you keep track of the best practices in modern FP&A, recognise changes in the ever-evolving world of financial planning and analysis and be well equipped to deal with them.
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On November 5th 2019 the sixth meeting of the Brussels FP&A Board, launched in November 2016, gathered 40 financial professionals from companies such as Anheuser-Busch InBev, Barco, Bekaert, Puratos, UCB, to name but a few.
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.
Is your most fancied FP&A RPA initiative not delivering the anticipated benefits? You are not alone. So, what are the most common pitfalls? And more importantly, how can you sidestep them and increase your odds of a successful RPA implementation?
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