FP&A Trends Digest: Issue #3
FP&A Trends Digest
Issue #3 - 12 July 2019

 

Why does FP&A sometimes fail to deliver value to the business? What do you need to successfully implement machine learning for forecasting in your company? How can you develop skills which are essential to career development?

Read the new issue of the FP&A Trends Digest to discover the answers to these questions and more.

 

Popular Content

The challenge of FP&A: What limits the value of FP&A?

by Thorsteinn Siglaugsson

There seems to be an interesting paradox within FP&A. On one hand, FP&A’s main purpose is to support top-quality decision-making. On the other hand, senior and operational management complain that FP&A do not understand the business well enough to bring value.

There is a reason for this, and it lies in the difference between being effective and being efficient. How can FP&A achieve both? You can find the answer in the article.

Baby Steps Towards Implementing ML for Forecasting

by Asif Khan

Using machine learning for forecasting sounds like a great idea. However, it can also be a challenging venture if you do not know where to start. In this video, Asif Khan explains how PayU managed to implement machine learning for forecasting in 5 small steps. He also shares some lessons they learned along the way.

5 Myths about Automation in FP&A

by Daria Huszar

Automation will help transform FP&A from a ‘cost centre’ to a ‘profit centre’ function. For this transformation to happen, we must be willing to let go of some of the myths that exist within FP&A. For example, it is commonly believed that most tasks performed by FP&A are strategic and, hence, cannot be done mechanically. Yet, the results of recent research show that approximately 60% of their tasks can be automated.

There are other myths that hinder Robotic Process Automation (RPA). You can check them out in this article.

5 Roles that Will Help You Broaden Your FP&A Experience

by Douglas Yeung

What do you need to have a successful career in FP&A? Well, first of all, you should have excellent technical and soft skills. Understanding the business and being a good leader is also important. How do you develop these skills? In this article, Douglas Yeung focuses on four FP&A-related roles which will help you gain skills for future career development and allow you to get a better grip on different aspects of the company.

Becoming the FP&A Business Partner – What to Consider Beforehand

by Tijana Balotic Truong

If you have considered all the benefits and challenges of being a business partner and then firmly decided to become one, you probably need to read this article. Tijana Balotic Truong discusses the key to business partner success and also explains why becoming a business partner is only the beginning.

SAP FP&A Empowerment Survey: The Evolution of FP&A Technology & Trends

We have just finalised the 2019 survey and received very interesting and thought-provoking results. The survey is focused on how teams are leveraging business partnering and technology to deliver value across the entire enterprise, and why. The report provides insights drawn from over 285 finance professionals from a diverse set of industries across the globe.

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, you are welcome to join the FP&A Club LinkedIn group which has more than 8,300 members. It is a global platform for finance practitioners to come together and shape the future of FP&A. We would be glad to see you as one of the active participants at our weekly discussions. You can also find us on YouTube and Twitter.

     

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