Maintaining or increasing profit margins is key to the development of a company, but in many cases, it represents quite a challenge. I can see two main reasons for this: price pressure on the revenue side and inflation on the cost side. This blog explores 5 ways finance can support a company’s revenue maintenance.

Data today is being created and consumed at an unprecedented scale. Data science is progressing even faster, further speeding up the rate of data creation and consumption. The companies that are the first to adopt the best practices will gain a significant advantage. The rest might just perish. 

The Digital Pan-Asian FP&A Board will be held on 21 October at 5:30 PM SGT to discuss how to successfully implement ZBB.

We are continuing to update you on the latest trends and developments in the modern FP&A. This time we have taken a closer look into the following hot topics:

• key advantages of AI-based intelligent reporting automation,

• typical barriers and breakthroughs for successful business partnering, and

• crucial conditions required for synergistic and strong FP&A department.

One of the most important aspects of the FP&A role is to be able to provide insights by analysing the P&L. On the surface, P&Ls measure the profitability of the whole business and a lot of times FP&A professionals will look at P&Ls for the overall health of the organisation. 

There are many factors that influence a significant promotion in finance - be it into a manager role or large P&L responsibility. These can be formal education and certification, past performance, experience, etc.

However, what I have seen in the past, is that many people despite checking all these boxes still couldn't get ahead in their careers

The new xP&A world is much more connected than before with the ability to assess the component of risk management, multiple scenarios, modulations, and simulations. All of them are integrated and require a much closer approach to the business intelligence range of new skillsets.

If there is no financial planning, there is no financial control. Since financial planning and analysis (FP&A) is connected to all departments within a business, its fiduciary duty is to secure the realised value. There are three areas where the quality of financial planning can be leveraged to maintain this value.

The Digital Pan-Australian FP&A Board will be held on the 26th of October at 4:30 PM AEDT to discuss how to manage risks and opportunities of Rolling Forecast and Scenario Planning.

Some people believe that Artificial Intelligence (AI) will eventually replace humans within FP&A. Thought leaders and experienced AI users feel that this is completely wrong. For AI to be effective, it needs to be combined with human intelligence (HI).