Nowadays, everyone is talking about being ‘data-driven’. What lies beneath this idea, is the wish to make the decision-making process easier and more effective. But in general, it means delivering the required data of acceptable quality to the relevant decision makers when and where they need it.
What are the FP&A concerns about being ‘data-driven’?
Finance is tasked with delivering better Business Intelligence and more importantly better insights to influence decision-making in the right direction and creating an impact on company performance. At the center of this shifting demand is the FP&A function which needs to deliver better analytics but also needs to partner with business stakeholders.
Financial planning can help financial reporting develop insights into profitability, liquidity, and solvency through a chart of accounts. In other words, it helps to assess financial health. The foundation in this effort is a chart of accounts. The effectiveness of a chart of accounts can be achieved by the role of financial planning.
The New York FP&A Board will gather on 8 March 2018 for the third time to debate on the hot subject of the FP&A Business Partnering.
Boston FP&A Board will gather on 6 March 2018 for the second time to debate on the hot subject of the FP&A Analytical Transformation. During the meeting, the FP&A Board will debate on the concept of Advanced Analytics for FP&A, look closely into FP&A Analytics Maturity Model and discuss different stages of the FP&A Analytical Transformation.
How far can you go with improving your FP&A practices? This article reveals relationship between three important factors for any FP&A frameworks: the quality of data, business planning and analytcal tools and techniques.
Are FP&A teams empowered to deliver strategic value across the enterprise? I partnered with FP&A thought leaders Larysa Melnychuk, and James Myers to develop the FP&A Empowerment: The Evolution of Technology & Trends survey in part to find out if this perception is a reality. More than 300 global FP&A leaders took part at the survey.This article shares the key findings and conclusions.
The London FP&A Board will meet for the 19th time on 15th March 2018 to debate on Zero-Based Budgeting (ZBB) method.
Have you thought of becoming an FP&A professional? When I was studying for my accounting qualification, I assumed I would become a traditional accountant. I did not know then how wrong this assumption would prove to be. This article gives an insight to my path in becoming an FP&A professional and short guide on how to become one.
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