Dear colleagues,

Rapid technological advancements present both challenges and opportunities, compelling FP&A to choose between embracing the digital revolution or risking obsolescence. For those keen on staying ahead of the competition, the key question arises: How to effectively facilitate the FP&A Transformation? What aspects are necessary to succeed in this journey?

In this edition of our newsletter, we have curated insights from seasoned practitioners focusing on the topic of FP&A Transformation.

I hope it will help you to chart your path to a future-ready FP&A function.

Best regards,

Larysa Melnychuk, CEO and Founder
FP&A Trends Group & International FP&A Board

The road to a strategic finance and accounting function looks different for everyone. The path isn’t linear, and the roadblocks vary: legacy systems, regulatory and reporting challenges, inconsistent data formats, resistance to change, and organizational structure — to name a few.

This financial performance assessment will measure the current state of your finance processes and provide tailored insights on how to improve your financial and management reporting, accounting and financial close, operational intelligence, and foresight.

Start the questionnaire to unlock your finance team's full potential and see where you need to head next.

By Mohammed Hussain

When should we embark on transformation? This question has risen to the forefront for many organisations operating in a disrupted environment. While many businesses have already started tailoring their approach towards digital transformation not all understand that modern technology alone is not enough to reach your strategic goals. The author believes that any transformation endeavour should start from a mental model.

Read this article to understand the significance of adopting a well-balanced approach to Data, Process, People and Technology, for successful digital transformation.

By Christian Martinez

In response to evolving business needs, FP&A leaders play a pivotal role in providing precise forecasts and actionable insights for informed decision-making. However, challenges arise from scattered organisational data and outdated reporting processes, limiting FP&A teams in delivering decision-ready insights. Gartner's research indicates that merely 3% of companies fully align their strategic, operational, and financial planning processes.

So how to be more strategic and integrated? Thankfully, there are 3 tools that can transform your FP&A department: Python, Structured Query Language (SQL), and Tableau. In this article, Finance Analytics Manager at Kraft Heinz explores how to upskill in Data Analytics by embracing these transformative tools.

By Durga Srinivas Perisetti

FP&A teams worldwide are experiencing a significant evolution through the adoption of the Integrated FP&A model. At the core of this transformative journey lies the crucial role of data. Historically, Centres of Excellence (COEs) were only providing base-level data, without any analytics and insights, but now we are seeing the shift toward an Integrated FP&A model.

Read this article, where the Director of FP&A and Operations Analytics at Juniper Networks provides an overview of their FP&A transformation journey from a typical shared service model to the Centre of Excellence.

By Francisco Canchanya

Embarking on an intelligent transformation journey is no longer a choice but a strategic imperative in today's dynamic business landscape, where adaptability and innovation reign supreme.

In this short video, the former Director Controlling Excellence at SWAROVSKI takes us behind the scenes of his company's intelligent transformation journey. He guides viewers through his experience, offering insights on where to start and how to redefine the performance management system using the New Financial Steering concept, and what are key lessons learned.

FP&A Trends digital events are vendor-agnostic and complimentary. If you are not able to join the live session, you can register to receive the recording later.

22 November 2023

FP&A Scenario Management is an agile and powerful tool that helps organisations not only foresee multiple alternative futures but also actively shape them. So, what steps should be taken to ensure the successful transition to Scenario Management?

Join this webinar to learn the answer and hear practical insights and recommendations from senior finance practitioners and thought leaders from industry giants like Coca-Cola GmbH, Falck and Jedox.

6 December 2023

As we step into 2024, it's essential to look forward and anticipate the emerging trends that will shape the field of Financial Planning and Analysis in the coming year and beyond. What will be the key themes that FP&A professionals need to keep a close eye on in 2024?

Register for this webinar, as we bring together seasoned practitioners and thought leaders from global organisations such as Moderna, Veolia Water Technologies and Solutions and SAP, who will share practical insights and recommendations.

13 December 2023

Global business has never experienced change at the scale and speed observed in recent years. FP&A teams need to be multi-skilled and multi-functional in this rapidly evolving environment.

Register for this webinar to learn the latest trends in FP&A skills and capabilities. During the webinar, you will have the opportunity to hear insights and real case studies on building the FP&A team from the esteemed finance practitioners from BlueRock Therapeutics (a subsidiary of Bayer), Knix and City Electric Supply.

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