The Digital Swiss FP&A Board will be held online on May 6 from 5:00 PM to 6:30 PM CEST. Join our experienced and international panel of experts to learn how to build Winning FP&A Teams.

They say a picture is worth a thousand words… Telling a story is one of the most important tasks FP&A professionals are facing, and data visualization is a powerful tool to reveal stories. This tool can help filter out the noise and generate valuable business insights.

Gartner forecasted that by 2024, 70% of new FP&A projects will become extended planning and analysis (xP&A) projects, expanding their scope beyond the finance domain into other areas of enterprise planning and analysis. What will happen to our traditional Controlling function? How xP&A is enhancing Corporate Performance Management? How can you get ready for this transition?

During the pandemic, we witnessed how quickly traditional budgeting and planning process become irrelevant. Traditional controlling does not work anymore. We need to ensure all our planning processes are integrated vertically and horizontally and ensure everyone that plans in the organisation work together.

The FP&A Trends Webinar will be held on 27 April from 4:00 PM to 5:00 PM SGT to discuss the The Combined Power of Human and Artificial Intelligence in FP&A: Roche Case Study.

In this digest, we will focus on FP&A transformation and what is required for its successful implementation. We will look into what financial modelling is and what it is not. Additionally, we have shared a brief video about FP&A short-term priorities that might be worth your attention.

The FP&A Trends Webinar will be held on April 20 from 4:00 PM to 5:00 PM CEST (3 PM - 4 PM GMT) to discuss the key steps to Embrace FP&A Transformation.

Using P&L as a map for the journey (see image 1 below), the first three articles explored three initial steps focusing on the pre-P&L analysis and price management. In this article, we will move via net sales to marginality and look at how finance can take initiative and lead the effort to increase both sales and business profitability.

As was famously proclaimed by Pericles, the powerful politician of ancient Greece: "The key is not to predict the future but to be prepared for it". Agile FP&A can help organisations to move through uncertainty and come up with a plan of action.

In this article, I will share several challenges and dilemmas in building a strong FP&A department and also describe how they can be overcome. I‘ve gone through this process in 3 different companies as a Head of FP&A, so I can give my observation and say what are the crucial conditions to make the FP&A department successful and to minimise the ambiguity.