FP&A Trends Digest: Issue #48
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Issue #48 - 09 October 2021
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Dear colleagues,
The American economist and politician, Phil Gramm once said: “Balancing the budget is like going to heaven. Everybody wants to do it, but nobody wants to do what you have to do to get there.”
If these words ring true for you, this digest should help to point you in the right direction. With budgeting season upon us, we have decided to make this the theme of the issue.
Below, you will find articles exploring the key elements and approaches for optimising budgeting. We touch base on how to transform the process, how to set targets, and the concept of Zero-Based Budgeting. You can also learn from a practical case study of Better Budgeting.
I hope that this issue will set you on the path to budgeting heaven!
As usual, you will find invitations to the upcoming global webinars at the bottom of the digest. I hope to see you at one of these digital events soon.
Let’s stay in touch and enjoy the issue!
Kind regards,
Larysa Melnychuk
CEO and Founder
FP&A Trends Group &
International FP&A Board
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We all love Excel, and even if we didn’t — it’s not going away anytime soon! That said, Microsoft’s ubiquitous spreadsheet tool is not without its limitations, especially when we need business teams to collaborate during budgeting season. This e-book considers tools that can help you get the best out of Excel. It covers 5 key components of FP&A, and explains how technology can enable your teams to optimise their work when budgeting and planning.
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By Michael Coveney
It’s sometimes thought that the purpose of budgeting is to set stretch targets. But these targets need to be set reasonably, and getting it right requires five crucial steps. Adopting these steps helps organisations to manage improved performance in a collaborative way, rather than relying on hope.
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By Larysa Melnychuk
As many businesses are still not ready to completely abandon traditional budgeting, ZBB has become a great stepping stone. It doesn't just help to “justify the expenses”. It is also a great enabler for a driver-based modelling and planning process, something that underpins modern and agile FP&A today. Discover more about a new age of ZBB and how to implement it successfully.
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By Andrew Wee
With market conditions constantly changing, companies are considering swapping the Traditional Budget for a Better Budgeting framework. Unfortunately, a better approach to budgeting doesn’t necessarily guarantee success. Help to maximise your chances with this case study. Vice President Finance APAC at Arkadin shares his company's journey towards a Better Budgeting process, and the critical success factors for implementing the initiatives.
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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Data is the new currency for companies of all sizes and industries. An essential function of effective FP&A is to create a data-driven decision-making culture throughout the enterprise. Join this webinar to learn more about how to do just that. We will examine the Medtronic case study, and you will hear actionable insights from analytics and technology thought leaders.
Flexible forecasting stands high on the corporate agenda. But achieving flexibility requires a fundamental rethinking of all traditional planning techniques, methods and processes. How can we create an FP&A eco-system that supports this objective? Register for this webinar to find out more.
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