FP&A Trends Digest: Issue #23
|
Issue #23 - 10 October 2020
|
Dear colleagues,
While we are all busy with the budgeting season, it is a good idea to let yourself get distracted from time to time to avoid burnouts.
In this FP&A Trends digest issue, we would like to share with you:
1) some interesting findings of a global research on the use of analytics in finance,
2) a successful case study on the use of machine learning for forecasting and
3) some useful insights on becoming an indispensable business partner.
At the bottom of this digest, you will also find two links to our upcoming webinars.
I hope you will be able to join them, despite the hectic work period. If the timing does not work for you, please feel free to register and you will receive the recording after the event so that you can review it at your leisure.
Enjoy this issue and stay safe!
Best regards,
Larysa Melnychuk
CEO and Founder
FP&A Trends Group &
International FP&A Board
|
|
According to the latest FSN research, 86% of analytic efforts fail to deliver business insight. To support an effective decision-making process, finance needs to go beyond traditional approaches and build a robust culture of analytics. This global research looks into the ways in which finance can achieve this. To learn more about the survey findings, please follow this link.
|
|
By Asif Khan
What was, several years ago, only possible in fiction is now our reality. For example, machine learning (ML) is being implemented by an increasing number of companies who want to improve their forecast process. What are the problems with traditional bottom-up forecasts? Where do we start with ML? What are the main benefits? Check out this article to learn more about PayU’s journey towards ML-based forecasting and the results that they managed to achieve in the first three months.
|
|
By Paul Brand
To succeed as an FP&A business partner, it is important to be part of a lot of separate teams. In this article, you will find four clear recommendations on how to ensure you add significant value to other teams.
For more Insights from FP&A Trends, please click here.
|
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.
|
|
It can be rather challenging to integrate all processes across an organisation. There are some important do’s and don’ts that should be kept in mind if you want this project to be successful. At this webinar, Senior Finance Director and CFO at companies such as Janssen, TUI and Anaplan share the necessary steps for implementation as well as some practical examples. To register for this vendor-agnostic and complimentary webinar, please follow this link.
|
|
There are so many great stories to be told in finance, especially at the time of advanced analytics, dashboarding and data visualisation. We would like to invite you to the next Global FP&A Trends Webinar where senior finance practitioners from PepsiCo, Beckman Coulter, and SAP will look into the ways to apply analytics to FP&A Storytelling, to tailor communication to a specific audience and will also explain how FP&A can effectively deliver their key message. Register to join us in October or to receive the recording!
|
Please refer to our Privacy Policy regarding the usage of your data by FP&A Trends. Contact us at privacy@fpa-trends.com if you have any questions or concerns.
All referenced trademarks are the property of their respective owners.
|
|
