The longer these types of primitive FP&A analysts and accountants delay implementing ABC, then the greater the risks. The issue here is not mainly about product and standard service-line costing to understand their profit margins. The issue is about the emerging need to report and analyse distribution channels and customer profitability.

Because of Covid 19, businesses have faced unprecedented and potentially life-threatening challenges. This has highlighted the importance of using FP&A Predictive Analytics to stay ahead of the curve and take corrective action on time. At the FP&A Webinar, the panel of three high-profile speakers discussed the challenges, lessons and benefits of Managing Uncertainty with FP&A Predictive Analytics.

We all have these horror stories where we have all sacrificed our personal lives during this challenging ‘Budget’ season. I guess they say that what doesn’t kill you makes you stronger. I personally think that there are several ways to make your lives better during this period.

The vast majority of companies still rely on traditional organisational designs characterised by hierarchical structures, and steering with budgets. But these designs are outdated, severely limiting a company's ability to act and respond in today’s fast-changing environments. 

How can organisations operate viably in this age of uncertainty?