In this incredible business environment of high uncertainty and risk, many organisations have found themselves in the realm of “Unknown Unknowns".

So how we can plan for Unknown? How can we achieve flexible and dynamic Financial Planning and Analysis (FP&A) processes that support decision-making under uncertainty?

There is a lot of hype these days about the concept of FP&A Business Partnering. At a time when the FP&A framework is being extended to the entire organization, FP&A Business Partnering needs to keep up with this new model to stay relevant and cutting edge.

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. 

Cash Flow Management is both an art and a science. It is also difficult to master. Traditionally, FP&A teams have been more focused on Profit and Loss account. However, in high uncertainty, FP&A's need to develop a "Cash Flow" Mindset. So what does this involve?

Is Beyond Budgeting the best alternative? Join the Digital Nordic FP&A Board on the 12th of May to get the answer to this question.

The International FP&A Board now restarts face-to-face events, continuing our mission of learning the latest trends in FP&A through discussion and collaboration. The meeting of Seattle FP&A Board will discuss what lessons the pandemic has taught us. 
 

The International FP&A Board now restarts face-to-face events, continuing our mission of learning the latest trends in FP&A through discussion and collaboration. The first meeting of the London FP&A Board will discuss what lessons the pandemic has taught us. 
 

In the last couple of years, we have seen the business world turn upside down and organisations confronted with an ever-changing and dynamic environment. The traditional budgeting process is long obsolete. With most Organisations are not ready to abandon their traditional budgeting, Zero Based Budgeting is definitely a great way of improving and keeping the traditional budget relevant.

For many organisations, the Strategy Gap is a major obstacle, preventing them from truly maximizing their Strategic Planning efforts and sustainably creating value.

Budgeting and planning activities within companies are often time-consuming and quickly outdated in their significance.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.