Dear colleagues,

Nowadays, one of the key challenges for the FP&A function is finding the right people with the right skill sets, and getting them to work in a synergistic way.

Here are the burning questions: How do you build a world-class FP&A team? What are the essential skills required?

This digest issue features insights from senior experienced practitioners from leading companies who shared their visions on building the top-performing FP&A team.

At the bottom of the digest, you will find the details of two of our upcoming digital events. It would be great to see you there.

Kind regards,

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

In the world of FP&A, effectiveness goes beyond just number crunching. To stay agile and competitive, FP&A teams should always be on the path of growth, enhancing their practices and skills.

This paper, the third in a series on the FP&A Trends Maturity Model, explores how three interpersonal dimensions of the model – leadership, skills, and business partnering – alongside the influence of technology, shape the evolution of FP&A, offering practical strategies for FP&A excellence. Developed in 2016, this model has evolved through global collaboration with finance leaders worldwide and now serves as a benchmark and transformation roadmap for companies of all sizes and industries.

Read this paper to learn how to leverage this powerful tool for your transformational journey.

By Garrett Dennie

Earlier businesses used to rely on analysts for data crunching and calculations. However, the days of simple number crunching are long gone, and the role of FP&A professionals has expanded far beyond it. Today, they should embrace a range of roles to meet the current requirements of the business landscape.

In this article, the CFO at Knix explores the evolution that FP&A has undergone and why it’s crucial to build an FP&A team consisting not only of analysts, referring to his experience.

By Matt Poleski

Today, FP&A teams are strategically positioned not only to provide essential information to business leaders but also to actively contribute to overcoming organisational strategy challenges.

Drawing from his extensive experience, the Regional CFO of Arthur J. Gallagher emphasises the crucial role of harnessing five common skills within your FP&A team. These skills serve as catalysts to propel your company toward success and foster a culture of strategic thinking. Read this article to explore the five-step roadmap designed for FP&A professionals, providing valuable insights to streamline and enhance their professional journey.

By Carlos Castillo

In the past, companies were built to last, wherein shareholder value was of prime importance, and stability and hierarchy played a key role. However, organisations of today, at the leading stage, are built with constant change in mind. The imperative of technological progress requires them to be not only flexible and agile but also focused on continually enhancing stakeholder value.

Watch this short video where the Head of FP&A at Takeda, a famous Japanese pharmaceutical company, shares their transformative journey. Discover how they navigated the challenges of the dynamic business environment and successfully adapted to ensure sustained growth.

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.

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.

Over the last 8 years, the International FP&A Board has developed the FP&A Maturity Model, which aims to help you intelligently map the path to success. Today, it stands as a result of the invaluable contributions and insights from thousands of senior finance practitioners in 30 Board chapters across 16 countries on four continents.

FP&A Trends Maturity Model Assessment is a tool based on the FP&A Trends Maturity Model. It is an interactive questionnaire that allows organisations of any size, industry, and geography to identify the stage of their FP&A maturity compared to the leading stage and create their own transformation journey.

To start assessment, please, click here.

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