FP&A Trends Digest: Issue #11
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Issue #11 - 27 March 2020
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Dear colleagues,
I hope you are well and safe. Despite the hard times, we would like to keep you updated on the latest trends in FP&A as we believe that life goes on. After all, even after the worst storms, the sun will shine again.
In this Digest issue, we will explore the illusions of control in modern business and the possible benefits of data science. We will look at how you can ensure successful FP&A collaboration with all departments and we will explain the different planning methods available and their differences. On 21 April, at our next global webinar, we will be discussing the role of FP&A during "black swan" events. I hope you will be able to join us for this timely discussion. You can find more details and the registration link at the bottom of this Digest.
Also, we are working on a global FP&A Empowerment Survey and would be very grateful if you could help us gather statistics on issues that affect the whole FP&A community. Please feel free to take part in the survey (approx. 12 minutes). All participants will receive a complimentary report in May 2020.
I send good health to you and your family. Stay safe!
Best regards,
Larysa Melnychuk
CEO and Founder
FP&A Trends Group
International FP&A Board
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By Bjarte Bogsnes
Loss of control is usually considered to be one of management’s biggest fears. How do you gain control in this uncertain and ever-changing business environment? Is it at all possible? And do we really need to be in control? Read this engaging article to find out the answers and feel free to share your thoughts in our LinkedIn group.
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By Emmanuel Jibodu
It seems like everyone is talking about data science these days. It is believed that it will bring value to many organisations. Is this really the case? And what are the core areas of business analytics? This article explores data science, one of the hottest topics in modern business.
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By Maciej Goncerzewicz
Although FP&A is an essential department in any organisation, it is fundamentally a support function and we need to be aware of this. To be successful FP&A need to communicate with the business in an effective way. In this article, Maciej shares his professional experience of integrating FP&A teams with the business and removing any barriers to co-operation.
By Michael Coveney
Planning helps organisations set direction yet it comes in many different shapes and colours. What are the differences between driver-based, initiative, scenario and contingency planning methods? A brief description of each one is provided in this article.
For more Insights from FP&A Trends, please click here.
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If you want to keep on top of the latest trends in modern FP&A and learn from recognised experts in the field no matter where you are, you are welcome to watch our previous webinars and join our upcoming ones. FP&A Trends Webinars are vendor-agnostic and complimentary. If you are not able to join the live session, you can register to receive the recording later.
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As we all are currently being affected by an extremely volatile environment, businesses should be able to navigate through the crisis - and FP&A can play a critical role in this. How do you bring value to the organisation? Is it possible to plan in such circumstances? What can FP&A do to support decision making? Sign up for this interactive webinar to find out.
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