FP&A Trends Digest: Issue #13

 
Issue #13 - 16 May 2020

Dear colleagues,

I hope you have had a nice week.

FP&A Trends Digest is becoming increasingly popular. Therefore we have decided to send it more frequently to keep you up-to-date with the latest developments in the FP&A world.

At the bottom of this digest, you will find several invitations to the upcoming global webinar on intelligent FP&A and FP&A Board Connect meetings. These meetings are 30-minute online events where FP&A Board members will present and share their case studies and lessons learned.

In this digest, we will also look at financial modelling in more details. We will cover several questions. What is the difference between sensitivity, scenario and what-if analysis? How can you use a cost volume profit analysis? We will also discuss strategic cost control and the common pitfalls found during robotic process automation within FP&A.

Enjoy this new issue and stay safe!

 

Best regards,

Larysa Melnychuk

CEO and Founder

FP&A Trends Group

International FP&A Board
Popular Content

Sensitivities, Scenarios, What-if Analysis – What’s the Difference?

By Danielle Stein Fairhurst

Scenario analysis, sensitivity analysis and what-if analysis are important components of financial modelling. These concepts are very similar but there are some major differences. This article explains the intricacies of each and answers the following questions. Why should we run scenarios and sensitivities? How many scenarios should a model contain? What are the best tools for modelling scenarios and sensitivities in Excel? Read Danielle’s article for the answers.

Why Cost Volume Profit Analysis (CVP) Should Be a Main Step in Your Annual Profit Plan?

By Belal El-Shaf'ei

Cost volume profit (CVP) analysis is a planning tool that is used to predict sales volumes, costs, both variable and fixed, and profits. This is a method that can help FP&A professionals understand how changes in costs and sales volumes will affect future profits. This analysis consists of four steps that are illustrated in Belal’s article.

Avoid the Most Common Pitfalls of FP&A RPA Initiatives

By Amarnath Kamath

If your fanciest FP&A robotic process automation (RPA) initiative is not delivering the anticipated results, you are not alone. It is a common problem in many organisations. However, there are a couple of things you can do to ensure a successful implementation of an RPA initiative. Find out more in this article.

Strategic Cost Control Without Killing Business Initiatives and Operations

By Anand Soni

Is it possible to control costs without hurting your business initiatives and operations? There are several reasons why strategic cost control either succeeds or fails. In this article, Anand Soni shares his professional knowledge on the myths that surround this topic. He also dives into a case study of an organisation that achieved strategic cost control with success.

For more Insights from FP&A Trends, please click here.
FP&A Trends Webinars

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.

9 June 2020

Engaging Intelligent FP&A within Uncertainty

Are you considering a transition to Intelligent FP&A (iFP&A) process or would like to learn more about this topic? At this webinar we will discuss this dynamic and continuous approach to analytics that greatly increases the “intelligence” of an organization and its ability to change fast.

What is iFP&A? How modern technology can transform FP&A’s agility and adaptability? What are the practical steps in transforming to intelligent FP&A? Join us to find out.
FP&A Board Connect

During the last 4 years, the International FP&A Board have held more than 200 meetings in 27 cities, 16 countries and across 4 continents. It has been incredibly inspiring to see so many FP&A professionals come together to shape the future of our profession. We would like to share this accumulated knowledge with the whole FP&A community.

FP&A Board Connect is a series of 30-minute online events where FP&A Board speakers will present compelling case studies from around the world.

Please note that prior registration is required. If you are not able to attend the live session, please register to receive the recording.

The meetings are complimentary and vendor-agnostic. They are open to everyone interested in FP&A.

In the next two months, senior FP&A professionals will talk about 1) predictive analytics and machine learning at Microsoft, 2) zero-based budgeting in multinationals, 3) predictive forecasting with a rolling forecast at Janssen and 4) zero-based budgeting at Takeda.

To learn more about each meeting and to register, please visit the FP&A Trends website.
     

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