FP&A Trends Digest: Issue #38
Dear colleagues,
There are a lot of trends in FP&A that are being discussed but not implemented. In this digest, we would like to focus on how you can transform knowledge into action. We will discuss why predictive analysis, despite all the benefits, is still not widely used and how FP&A can efficiently leverage technology.
I would also like to invite you to some educational sessions around the new trends and innovations evolving in FP&A. You will find the invitation link to AFP FinNext Asia below. I hope you will be able to join this event and network with colleagues across different industries. If you have any questions or comments, please feel free to reach out.
Enjoy the issue and stay safe!
Kind regards,
Larysa Melnychuk
CEO and Founder
FP&A Trends Group &
International FP&A Board
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AFP FinNext Asia is a complimentary intensive learning event tailored for FP&A practitioners. Over the course of three days, you will get to attend educational sessions, network with colleagues across different industries and learn how to tackle the challenges relevant to FP&A practitioners.
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By Partha Basu
There has been a lot of talk around predictive analysis, but the question remains: “Why do many organisations still use traditional budgeting and forecasting processes?” There are a lot of webinars and in-office conversations about artificial intelligence, robotic process automation and big data but it seems that nothing goes beyond these mere talks. There are four distinct reasons for this, discussed in this article.
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By Pras Chatterjee
The FP&A transformation journey should start right now. Yet, the recent FP&A Trends survey reveals that only 5% of organisations take less than 1 day to create a forecast. To help organisations survive crises, FP&A should provide real-time decision support. In this 9-minute video, you will learn three important things about leveraging modern technology for 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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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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As technology keeps advancing, digitalisation of the FP&A function and its integration across the organization is possible for many companies. Yet, what does this transformation entail? How can you apply the digital FP&A maturity model? What are the key factors of success? Join this webinar to learn the answer first-hand from senior finance professionals at Ecolab and NetApp.
Finance leaders need to drive transformation and turn to scenario planning and rolling forecasts. Both processes are essential to help radically transform the function and become more agile and resilient. However, there are a lot of myths and misconceptions about these methods. Register for this webinar to dispel these myths and listen to the speakers from Thomson Reuters, IQVIA, Anaplan.
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