FP&A Trends Digest: Issue #26
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Issue #26 - 21 November 2020
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Dear colleagues,
Sometimes we need to question the status quo in order to uncover hidden patterns and improve our results. Have you ever questioned your traditional consolidation process? In this issue, we would like to share with you a white paper where you will find more information about enhancing your consolidation strategy and a checklist that you can use for keeping track of your progress on this journey.
We also include an insightful article on the ways to address the most common cognitive biases and a video case study that looks at the FP&A transformation of Guardian Glass.
At the bottom of this digest, there is an invitation to the last global FP&A Trends webinar of 2020. Feel free to follow the link and register for this December meeting.
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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For many, consolidation is a process that simply exists. The phrase “If it works, don’t fix it” has been repeated like a mantra for years, suggesting that consolidation does not require the innovation that other financial processes receive. However, outdated consolidation processes are costing organisations more than simply time. Read this white paper to learn why an end-to-end, automated consolidation strategy is key to unlock the full insight potential of consolidation and finance.
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By Shiva Vilayanur
Critical thinking is one of the most important skills of an FP&A professional. It requires an awareness of your individual cognitive bias and an understanding of how they may affect your work. In this article, Shiva not only looks at some of the most common cognitive biases but also explains how to mitigate them.
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By Alex Beired
In this 17-minute video, we dive deeper into a case study presented by Alex Beired, Global Director of FP&A at Guardian Industries. What are the key factors for a successful FP&A transformation? What does a transformation journey to a driver-based planning system look like? What is an advanced driver-based planning model? The answers are in this video.
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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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.
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