Dear colleagues,

Warm greetings from сharming Copenhagen! Following recent North American face-to-face meetings, I’m now continuing to explore the latest Financial Planning & Analysis trends and developments on my European tour.

Reflecting on the discussions we have had so far, we're witnessing a significant shift in the FP&A landscape, transitioning from traditional practices to forward-thinking approaches and from resistance to adaptation. This shift highlights the importance of establishing a robust FP&A ecosystem within our field, which is not only about the right tools but also aligned processes, skilled professionals, and supportive organisational culture.

This digest issue explores the changing landscape of FP&A ecosystems and next-generation practices. We included practical resources – articles and videos by experienced finance professionals and the Ultimate Guide to Next-Gen Finance.

I hope this issue's content helps you to get your organisation’s rate of change up to speed!

Kind regards,

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

The Office of the CFO is at a crossroads – and it’s time to move beyond tradition and step towards transformation.

This all-new Ultimate Guide to Next-Gen Finance will help you embrace new technology and shape the next era of finance.

Inside this free guide, you’ll discover:

• What next-gen finance looks like
• How embracing next-gen finance can accelerate your career
• How next-gen finance is shaping the future
• Strategies for choosing the right technology for your unique needs
 

Get your copy of the Guide.

By Christian Fournier

In today's dynamic business landscape, companies face a multitude of complexities driven by globalisation, regulations, and technological advancements. Yet, many organisations struggle to grasp the true depth of their ecosystems, leading to inefficiencies and missed opportunities.

Read this article by Christian Fournier, former Head of Finance Europe at Orange Business Services, to learn why integrated approaches to data management, finance tools, and processes are essential for navigating complexity to drive sustainable success.

By Michael Coveney

While traditional FP&A systems are focused on a single aspect of management processes, Intelligent FP&A solutions benefit from dynamic and continuous analytics. Nevertheless, intelligent systems are more complex than analogues in traditional FP&A, consisting of nine essential components.

Read this article by Michael Coveney, Head of Research at FP&A Trends Group, to understand how IFP&A systems revolutionise traditional approaches by offering a holistic platform that seamlessly integrates data, analytics, and reporting.

By Adam Hancock

Many FP&A professionals still rely heavily on legacy technology and experience common hurdles such as misaligned processes, data inaccessibility, and lack of automation.

In his new article, Adam Hancock, Head of FP&A at EBSCO Industries, compares it to paddling upstream in a kayak with the risk of capsizing. However, implementing newer technology can help us solve many of the above mentioned challenges.

By Pedro Thena

Change Management is at the core of ongoing success in FP&A, but this process demands a continuous adaptation of strategies and actions. While only 30% of change programs achieve success, we should make sure to have a framework enabling FP&A professionals to navigate through complex changes with ease.

In this video, Pedro Thena, VP Finance Global CFO - HPS at Honeywell, discusses a Step-by-Step Approach to Analytical Transformation. He also shares a real-life example of how people, processes and technology can shape change and the example of an analytical ecosystem to adapt to it.

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.

17 April 2024

Discover how finance teams can shift from reactive, static planning to real-time Scenario Planning and drive greater enterprise value by modelling multiple scenarios instantly, identifying potential risks and opportunities and making faster, more informed decisions.

Register for this webinar to learn practical insights and recommendations from senior finance practitioners and thought leaders from Autodesk and Deloitte.

8 May 2024

Discover the transformative power of human and AI collaboration in FP&A.

Register for this webinar to delve into how integrating AI with human insights leads to more accurate forecasting and innovative strategies. A panel of senior practitioners and thought leaders will share their experiences and vision, illuminating the path forward for finance professionals.

15 May 2024

To meet challenges, companies are adopting Predictive Planning and Forecasting (PPF), which uses AI/ML technologies. This helps businesses make smarter decisions based on data, staying ahead of the competition.

Register for this webinar to delve into how AI/ML revolutionise the Predictive Planning and Forecasting processes.

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