This article is my sequel to my previously published “Can Accountants Grow the Beans Too?” article posted this past January, 2019.
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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After the excitement of the past two months, when the Brexometer has been jumping up and down like a mouse on a trampoline, this month sees a more stable situation. The reading has risen by just two basis points from 4.95 in December, to 4.97, a small rise, but still below the parity level of 5.00.
According to Google's Chief Economist, Dr. Hal Varian, "The ability to take data—to be able to understand it, to process it, to extract value from it, to visualize it, to communicate it— that’s going to be a hugely important skill in the next decades."
The digital revolution is not only shaking company business models but also had a direct impact on the finance function. The world is now evolving at a faster pace and now more than ever before there is a need to question regularly the long-term strategy. Also Business partners need daily support to work on new ideas and to create robust business cases.