FP&A Trends Digest: Issue #10
|
Issue #10 - 15 February 2020
|
Dear colleagues,
Time flies when we are having fun, as we all know, and it is already mid-February! I hope you had a nice start to the new year and are ready for new experiences.
We would like to make this issue of our Digest a little bit more diverse than usual. Today we would like to look at key performance indicators (KPIs) from the perspective of a CFO. We will also discover which five important things will improve the effectiveness of a company's planning processes and look into how the analytics of FP&A are connected to the Simpson’s paradox. We will explain why data visualisation is considered to be a game changer for FP&A and then explain the 4 steps necessary to become a more valued FP&A professional.
More insights will be shared in the coming months – stay in touch and enjoy the 10th issue of the FP&A Trends Digest!
Best regards,
Larysa Melnychuk
CEO and Founder
FP&A Trends Group
International FP&A Board
|
|
By Adam Jernigan
“What gets measured gets done” is already something of a mantra that is repeated over and over again at different organisations, on different continents. Key Performance Indicators (KPIs) have become an inevitable part of every business, yet there are still many questions left unanswered. What makes an effective set of KPIs? Which KPIs do I need to be tracking? How should I present my KPIs? Find out the answers in this article.
|
|
By Ventana Research
The myriad of plans that organisations rely on are typically created in silos. This enforces undesired restrictions on organizational alignment. Today, however, technology can play a vital role in improving the value and effectiveness of each company's planning processes. Discover why a planning platform is essential.
|
|
By Christian Fournier
Simpson’s paradox is a phenomenon that appears in probability and statistics. Does it really have anything to do with FP&A? As a matter of fact, it does. Different types of FP&A analytics may include or generate this paradox and it, in turn, negatively affects the decision-making process. Therefore, FP&A should be ready to recognise it and deal with it.
By Larysa Melnychuk
FP&A professionals are at ease with numbers and ratios but those who are out of finance may not feel so comfortable with this finance language. In this situation, data visualisation could be a real icebreaker. Not only does it help FP&A tell a story, it is also a way to reveal hidden trends and to empower decision-makers.
By Andrew Codd
Are you a vital part or a functional piece of your organisation? How do you tell the difference? In this article, Andrew Codd shares several recommendations on how FP&A could become an important part of an organisation and explores where the line exists between functional and vital elements in finance.
For more Insights from FP&A Trends, please click here.
If you want to keep on top of the latest trends in modern FP&A and learn from recognised experts in the field, you are welcome to join the FP&A Club LinkedIn group which has more than 9,400 members. It is a global platform for finance practitioners to come together and shape the future of FP&A. We would be glad to see you as one of the active participants at our weekly discussions. You can also find us on YouTube and Twitter.
|
Please refer to our Privacy Policy regarding the usage of your data by FP&A Trends. Contact us at privacy@fpa-trends.com if you have any questions or concerns.
All referenced trademarks are the property of their respective owners.
|
|
