FP&A Trends Digest: Issue #4
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Issue #4 - 16 August 2019
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Welcome to the fourth issue of the monthly FP&A Trends Digest! This time we will share some essential tips on strategic finance, the purpose of planning, the driver-based analysis approach and the power of scenario planning.
How can businesses avoid the pitfalls that negatively impact strategic modelling? Why is the driver-based analysis approach one of the winning methods for effective decision-making? What is required to be a successful FP&A practitioner in a small business?
Read the fourth issue of the FP&A Trends Digest to discover the answers to all of these questions and more.
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By Michael Coveney
Planning is believed to be vital for every organisation. However, plans are usually inaccurate due to the fast-pace at which businesses move, making it too difficult to predict every outcome. Inaccuracy is not the only issue with planning. It is important to recognise all of the issues and identify the main purpose of planning in order to improve the process within any organisation.
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By Michael J. Huthwaite
There are some common misconceptions and pitfalls that may negatively impact an organisation’s ability to execute strategic modelling. Based on his work with finance teams across the world, Michael J. Huthwaite, shares his advice on how to enhance your thinking around strategic finance.
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By Larysa Melnychuk
It is already possible for organisations to play scenarios in real time and at a multi-dimensional level. This article explains how organisations do this, and what is needed to establish an effective scenario planning process.
By Tanja Schlesinger
In this video, Tanja Schlesinger, VP Finance at DB Regio AG, shares a case study about implementing a driver-based analysis approach. It is exciting to hear how quickly the transformation can be achieved when you have the right people and the right approach.
By Mason Brady
When talking about FP&A, we mostly refer to large organisations. Nevertheless, small enterprises are also realising the value of this department. In this article, Mason Brady lists three steps which can help an FP&A practitioner perform their tasks successfully when working in a small company. These steps are applicable to all organisations, regardless of size.
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