It is commonly agreed that the traditional budgeting process is time-consuming and costly. It rarely focuses on strategy and adds little value. Although traditional budgets have evolved over the years, they can hardly meet the challenges of the modern economic and business environment.

Throughout my career, I have interviewed hundreds of candidates for dozens of roles, most of which were in FP&A. After evaluating the performance of these professionals personally, I was able to assess the qualities that either led them to their success or not, and it boiled down to three relatively straightforward criteria.

How to build FP&A Teams from scratch? How modern technology can enhance team collaboration? What are the latest trends and developments in FP&A employment?

The Digital Swiss FP&A Board will be held online on 4 February from 5:00 PM to 6:30 PM CET to discuss the Power of FP&A Scenario Planning with our international panel of experts.

The meeting subject was “Building Winning FP&A Teams in the New Normal”, delivered by a truly international board panel of 5 members based in Australia, Malaysia, Singapore, and the UK. Below is a summary of what was discussed on the day including a summary of the polling questions and answers.

New technologies are reducing back-office workload, giving FP&A the opportunity to be more involved in running the business. Degree of this involvement depends on the capacity of FP&A team and the organisational culture. 

The Digital Benelux FP&A Board will be held online on 27 January 2021 from 4:30 PM to 6:00 PM CET to discuss Digitising FP&A Business Partnering.

In this digest, we will look not only at how FP&A can deliver value to the business but also how FP&A can make sure that business leaders are interested in their perspective. You will also find a case study on how cross-functional projects can enrich your teams.

The Digital UK & Ireland FP&A Board will be held online on 21 January 2021 from 4:30 PM to 6:00 PM GMT. Join our experienced and international panel of experts to explore how to move from Traditional Management Accounting to Extended Planning and Analysis (xP&A).

Many Finance professionals have an incorrect perception of the word “insight”, but here is a simple way to validate if you provide insight or “just” data. Ask yourself, what decision a business can make based on the data you have provided? Insight is something valuable and not yet known by the business, but when known, the business uses it to make decisions that are data-driven.