FP&A Digitalisation was discussed at several FP&A Boards in the past but the recent mindset shift has changed the perspective. It went from anxiety before the implementation to peace of mind in fully controlling the processes and confidence in the quality of provided FP&A insights.

This article summarises the presentations and discussions during the recent Digital FP&A Circle on how Artificial Intelligence (AI) and Machine Learning (ML) have reduced the process burden, increased the speed of insights, and ultimately supported improved decision-making at Konica Minolta and Amazon.

Sometimes we need to question the status quo in order to uncover hidden patterns and improve our results. Have you ever questioned your traditional consolidation process? In this issue, we would like to share with you a white paper where you will find more information about enhancing your consolidation strategy and a checklist that you can use for keeping track of your progress on this journey.

Scenario planning came to the forefront and even these had to be quick, flexible, and adaptable. Our six panel members took us through how they had to adapt and change system and processes for the “New Normal”.

For many organizations, the Strategy Gap is a major obstacle that systematically prevents businesses from truly maximizing their Strategic Planning efforts and sustainably creating value for their organization. 

Price is a strong lever of the company performance, which is often underestimated. Having mastered price management skills, the company gets a strong boost not only on top but also and mainly on the bottom line.

2020 has been a turbulent year and few departments have felt this as much as FP&A. We have been looked to as saviours of the company, guardians of cash, and stewards of planning, re-planning, and some more planning. It should also give cause to reflections on how we can improve and be ready for what comes next. 

Agility has become an important initiative for many organisations as they struggle to cope with the ever-accelerating pace of change in the external environment whilst also being under the threat of new entrants unencumbered by legacy organisations and technology issues.

On 17 November 2020, FP&A Trends Group gathered senior FP&A professionals from Electrolux, Jedox, Michael Page, Business Partnering Institute, and FP&A Trends Group who shared their insights on the five facets of the “New Normal” FP&A.

To manage business complexity, we need to focus on improving our processes. In this video, Saurabh Jain, explains how analytical journeys at different organisations usually look like.