In this volatile environment, implementing a flexible process and modern digital technology to manage change is increasingly important. No surprise the FP&A Transformation subject is high on companies’ agendas.

In this digest, we share research on digital transformation in the finance function, and a case study of how to establish a brand-new FP&A department. You will also find guides to the growing role of big data, and to designing data-driven planning architecture.

The American economist and politician, Phil Gramm once said: “Balancing the budget is like going to heaven. Everybody wants to do it, but nobody wants to do what you have to do to get there.”

If these words ring true for you, this digest should help to point you in the right direction. With budgeting season upon us, we have decided to make this the theme of the issue.

It’s clear that FP&A Business Partnering is not just a subset of general Finance Business Partnering. In fact, it has a dual function: not only to support and educate but also to shake up the status quo.

Yes, we think FP&A Business Partnering can be a valuable Change Agent. That’s why we’ve decided to devote this issue to FP&A Business Partnering. In this newsletter, you’ll find a variety of articles covering the concept and how to implement it in your finance function.

John F. Kennedy, the 35th President of the United States, famously said, “Change is the law of life. And those who look only to the past or present are certain to miss the future.”

Like Kennedy, this digest finds us looking to the future as we confront change and uncertainty. This time, the issue is thematic. It explores a single subject, namely Digital FP&A: using AI/ML/Predictive Analytics for planning and forecasting.