FP&A Trends Digest: Issue #49
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Issue #49 - 23 October 2021
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Dear colleagues,
As you finalise your budgets, I’m sure you are particularly aware of the need for FP&A to be agile, adaptable and data-driven.
In this volatile environment, implementing a flexible process and modern digital technology to manage change is increasingly important. No surprise the FP&A Transformation subject is high on companies’ agendas.
In this digest, we share research on digital transformation in the finance function, and a case study of how to establish a brand-new FP&A department. You will also find guides to the growing role of big data, and to designing data-driven planning architecture.
At the bottom of the issue, you will find invitations to our upcoming global webinars. I look forward to seeing you at one of these digital events soon.
It is often said that adaptation is key to survival. I hope this digest demonstrates that FP&A transformation means not only surviving, but thriving!
Kind regards,
Larysa Melnychuk
CEO and Founder
FP&A Trends Group &
International FP&A Board
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How ready are finance leaders to embrace transformation and what do they need to do to prepare for a new data-driven age? Download the latest Board’s research report of 600 finance leaders exploring the current state of digital transformation in the finance function.
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By Carl Stiller
Building an FP&A department from scratch is no mean feat. In this article, an experienced Head of FP&A shares how he overcame the challenges involved. He offers recommendations for establishing a brand-new FP&A department in a company in transition, covering budget transformation, shortfalls of staff, business reorganisations and team motivation.
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By Valerie Martin
In this competitive business environment, many organisations are looking to big data to gain an edge. FP&A departments have a vital part to play, and working with data is an increasingly important element of FP&A roles. So how can we succeed in the data-driven transformation? In this guide, the Finance Director at Autodesk shares the practitioner’s perspective.
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By Michael Coveney
Data-driven planning is fast becoming an essential requirement in today’s volatile, global business environment. It requires organisations to rethink everything from business processes to strategy, and it needs a modern architecture to drive these transformations forward. Check out an analytical thought leader’s guide to designing data-driven planning architecture.
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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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.
With the pace of change in business only accelerating, it is increasingly crucial to ask ourselves whether we are adapting fast enough. Is FP&A keeping up with the transformations in the environment? And what are the skills necessary for an ever-changing finance function? Register for the Digital Central European Board to find out the answers.
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