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FP&A Trends Digest: Issue #25

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FP&A Trends Digest
Issue #25 - 7 November 2020

Dear colleagues,

Artificial intelligence (AI) is no longer just a “buzzword”, it is a tool used by many organisations around the world. In this digest, I would like to share with you a report that details different cases of AI use in finance and a case study of AI use from Egencia.

I would also like to invite you to two global webinars. In November, we will discuss strategic planning benefits and ways to leverage modern FP&A techniques. To learn more about this webinar, please click here.

In December, we will look at the new emerging concept of extended planning and analysis (xP&A) and how Microsoft is using it for performance improvements. To register for this webinar, please follow this link.

Enjoy this issue and stay safe!

 

Best regards,

Larysa Melnychuk

CEO and Founder

FP&A Trends Group &

International FP&A Board

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Egencia Case Study: Artificial Intelligence for FP&A

By Saul Mateos

Due to the high levels of uncertainty, annual budgeting has proven to be an inefficient tool in 2020. Nevertheless, businesses still need to plan and look for ways to manage their costs. Is it possible to do this without a traditional budgeting approach? In this article Bjarte explains the starting point to solve this budgeting problem and illustrates, using examples, how Statoil, Handelsbanken and Miles approached this issue.

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.

18 November 2020

Webinar: Bridging the Strategy Gap by Leveraging Modern FP&A Techniques

What are the common pitfalls of traditional strategic planning? How can we apply portfolio management techniques? What is required for FP&A to become a leader for change? Join this webinar to learn more about setting meaningful and achievable targets, addressing uncertainty and unleashing the full strategic planning potential of FP&A.

3 December 2020

How xP&A Should Be the Baseline

Integrating all planning processes within an organisation is a challenging task that requires a new approach. Extended planning and analysis (xP&A), a term coined by Gartner, is gaining momentum in the FP&A field due to its ability to provide greater performance improvements in comparison to traditional processes. What is xP&A and how are Microsoft using it? Register for this digital event to hear first-hand from the Group Finance Manager of Surface at Microsoft, the VP of Business Intelligence OneSource at Deutsche Bahn Regio AG and the President at Jedox.

© 2020 FP&A Trends Group
     

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Transforming FP&A Together: Human & AI Synergy
 
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Moving from FP&A to Extended Planning and Analysis (xP&A)
 
Five Critical Roles for Building a World-Class FP&A Team
 
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FP&A Business Partnering and AI: A New Era
 
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