This article details the main benefits and drawbacks of predictive planning. It provides recommendations on where to start your journey and how to avoid the most common mistakes.

In the current changing environment, Zero-Based Budgeting (ZBB) transforms into a wider framework of Zero-Based FP&A. This is a concept in which ZBB principles are applied to not only expenses but also to other areas of the FP&A process.

Although traditional budgets have evolved over the years, they can hardly meet the challenges of the modern economic and business environment. At the Digital North American FP&A Board, we will discuss whether it is realistic to abandon the budget and transform the whole process.

To navigate the uncertainties in 2020, FP&A had to change their way of working. On the 4th of February 2021, during The Digital Swiss FP&A Board, we looked at the Scenario Planning via different perspectives. The insightful meeting was delivered by a board panel of 4 distinguished FP&A Board members. This article summarises the key case studies and polling questions. 

Scenario Planning is one of the approaches that allow FP&A to make decisions quickly based on real data. It is the key to evaluating what is possible.

As more and more enterprises endeavor to move from a centralized, command and control structure to more agile and decentralized business units, the biggest constraint felt by many is the way financial control is exercised via traditional budgeting and budgetary control.

The Plan, Prioritize and Execute (PPE) model is an effective tool for an integrated strategic and financial planning exercise. It can be used by both large and small businesses and accommodate different budgeting methodologies.

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.

FP&A and finance need to have a set of scenarios to support the decision-making process. This is especially important in the fast-changing and evolving environment.

In the 30th issue, you will find information on the reasons that companies transit to an all-in-one platform, tips on identifying faulty KPIs and a video on FP&A digitalisation journey. As usual, at the bottom of the digest, we have added invitation links to our upcoming webinars on agile FP&A and data visualisation.