In this issue, we dive into the transformative power of FP&A Storytelling.

The 23rd meeting of the Global AI/ML FP&A Committee, which took place on June 4th, 2024, featured a presentation titled "How Generative AI Can Enhance Decision-Making and Planning", delivered by Michael Emerson, CTO - Extended Planning & Analysis at SAP.

Join the FP&A Trends Webinar on October 16th to explore the crucial role of FP&A Business Partnering in the AI era and its potential to drive strategic success. Participants will gain insights into transforming roles and capabilities, practical implementation steps, and leveraging AI-driven technology to enhance business partnering.

In this article, the author outlines how implementing Predictive Planning and Forecasting can help FP&A professionals increase the value they add to their organisations. Moreover, we discuss how to overcome crucial challenges on the way to this approach.

This article discusses how FP&A teams can help our organisations measure information that balances the trade-offs between profitability and innovation. The author tells us how to achieve the Bush-Vail balance when building an FP&A department.

Watch the recording to explore the 2024 FP&A Trends Survey's key findings and important benchmarks and trends shaping the future of FP&A. 

In the second part of this series, the author discusses three components that rely heavily on an accurate Balance Sheet (BS): the Return on Capital Employed (ROCE), the Working Capital and Cash Flow. He tells us how these components may impact forecasting accuracy.

This year’s FP&A Trends Survey, which has taken responses from 383 finance practitioners across diverse industries and regions, looks in depth at the ways FP&A supports data-led decision-making in the current dynamic landscape as well as the future developments that need to be implemented.

In this article, the author explores the possibilities of human-AI interaction, describes some practical examples, reviews considerations about responsible use of and value generation with AI, and ends with practical references about upskilling and adoption.

In this digest we explore the aspects of Strategic Planning through the lens of FP&A.