Recently, I have encountered a lot of discussions within the finance (FP&A) professionals community about business partnering. The challenge in such discussions is to move from theoretical reasoning into practical execution. In this article, I would like to talk about one possible area where cooperation between FP&A and Data management professionals can deliver mutually beneficial results.
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Many commercial finance or FP&A professionals focus on getting the model right and not enough time considering the how people are going to react to the outcome. This blog sets out a few tips to navigate the politics. In the words of Oscar Wilde ‘The truth is rarely pure and never simple’.
Bjarte Bogsnes, Senior Advisor Performance Framework at Equinor (formerly Statoil) and Chairman Beyond Budgeting Roundtable, shares how Statoil has embraced the Beyond Budgeting principles to develop an “Ambition to Action Model”.
There are several key components in the FP&A role. The way profitability is analysed and used to improve the business results is one of them.
Finance professionals can serve in a wide variety of areas within an organization. However, some of these areas have had high demands over the last few years, especially the demand for professionals with specific skill sets and experience in business and financial analysis, and data analytics.
These notes were made during the 9th meeting of the FP&A Circle in London. The notes are a mixture of comments and thoughts made by those who presented the case studies.
Research shows that the human retina can transmit data to the brain about 60,000 times faster than it can transmit simple text! On top of processing visuals faster, people retain visual information at more than three times the rate of text alone.
The sixth meeting of the Dubai FP&A Board will take place on the 20th of November 2019. The Board will interactively discuss what is a new age of Zero-Based Budgeting.
The 25th London FP&A Board will take place on the 14th of November 2019 to debate the subject of "FP&A Storytelling".
The seventh Frankfurt FP&A Board will take place on the 12th of November 2019 to debate the popular subject of FP&A Business Partnering.
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