The demand for Financial Planning & Analytics (FP&A) thought leadership and best practice establishment is very high. In response to many requests from the UK professional community, the London FP&A Circle was established in July 2016. This is a  vendor-agnostic educational and networking forum for passionate finance practitioners. It is a platform for the International FP&A Board to share its practical insights on the latest trends and developments in financial planning and analytics with the FP&A community of London city. So far the board discussions were held in 15 cities, 11 countries on 4 continents.

This Michael Page interview with Larysa Melnychuk, CEO and the founder of FP&A Trends and International FP&A Board gives an overview on the evolving role of modern Financial Planning and Analytics (FP&A) globally. The interview was given during Larysa's travel to APAC region for the FP&A Board meetings and reveals five factors that changing global FP&A

How should the role of chance influence the work of FP&A practitioners?  

Intentions may lead to results that were not intended.  There are times in which good intentions may lead to bad results or an idea that is designed to accomplish one task may succeed by performing a completely different task.  As a result, FP&A practitioners should recognize the role of chance in FP&A.

In a previous blog post, I mentioned that people who are highly sensitive to the lack of flexibility of traditional budgeting often see rolling forecasts as the answer. So, you might think, forecasts are like budgets but done more frequently – right?