In this series of blogs, I will be looking at a number of areas that FP&A departments must address if they are to add value to the organisations they serve in this technology-driven age.  In this blog I’ll cover the reasons why change is essential.

This article provides an overview of the topics and cases presented and discussed by the experts at the webinar “Cash Flow Planning - Why the Traditional Profit-Driven Mindset Needs to Be Rethought”, as well as the results of our polling questions. 

Budgeting and planning activities within companies are often time-consuming and quickly outdated in their significance. Methods like driver-based planning or even Beyond Budgeting represent attempts to increase efficiency, but the approach remains old-fashioned. However, the developments in the field of AI/ML are now opening up completely new possibilities. In the near future, it will be possible to calculate and compare a wide variety of planning scenarios within minutes.

FP&A is getting more and more relevant in the organisations as a key role to support the strategy and decision making. This article covers the main skills FP&A professionals should develop to succeed in the context of 2030s, highlighting the mix of technical skills such as data analytics and data architecture with soft skills such as influencing and storytelling.