FP&A Trends Digest: Issue #28
Issue #28 - 19 December 2020
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Dear colleagues,
This is our last issue in 2020. It has been quite a year for all of us, with many ups and downs. We have learnt a lot and have grown together.
I would like to thank you for being with us on this journey and for being a part of our global professional community. It has been a great pleasure seeing you at our digital events, reading your comments, receiving your feedback.
May 2021 bring you and your loved ones happiness and prosperity!
We look forward to seeing you next year and included invitations to two events in 2021 at the bottom of this digest.
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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By Ronald Huamán
Adapting to the New Normal is not only about using advanced technology. To succeed in the digital era, FP&A and accounting professionals need to work on their soft skills. What are the six important skills that you should start working on right now? Why are they important and where to start? Find out the answers in this article.
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By Bartosz Obojski
There is a lot of hype these days about the concept of business partnering. The true business partnering starts when the FP&A community fully owns the numbers, completely agrees with them, and publicly endorses them. What does this mean and what should not be confused with FP&A business partnering? Read this article to learn more about FP&A business partnering.
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By Matthias Thurner
FP&A needs to learn how to operate in a new environment. What are the main characteristics of this environment? A higher number and an increasing frequency of requests that the FP&A department has to deal with; big external and internal data pools; complex questions and requirements. To learn more about how artificial intelligence can help you deal with these challenges, listen to this 26-minute video on the role of technology in FP&A.
For more Insights from FP&A Trends, please click here.
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FP&A Trends Digital Events
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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 Digital FP&A Boards and join our upcoming ones. 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.
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Extended planning and analysis (xP&A), a term coined by Gartner, is gaining momentum in the FP&A field. It is able to provide greater performance improvements in comparison to traditional processes. What will happen to our traditional management accounting? How xP&A is enhancing the corporate performance management? Register for the Digital UK & Ireland FP&A Board to hear first-hand from Finance Director at Walgreens Boots Alliance, Divisional Finance Director at Oxford University Press, Senior Research Director at The Hackett Group and Vice President at SAP.
Zero-Based Budgeting (ZBB) is transforming into a wider framework of Zero-Based FP&A. This is a concept in which ZBB principles are applied to different FP&A areas. It encourages a culture of business partnering and value creation as well as rigorous evaluation of key business drivers. Register for this webinar to learn more about how to improve your analytical transformation journey.
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