FP&A Trends Digest: Issue #52
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Issue #52 - 04 December 2021
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Dear colleagues,
Wherever you come from in the world, I am sure you have come across the expression: ‘A picture is worth a thousand words.’
Originally coined by Henrik Ibsen, versions of this adage are now found in multiple languages. That is probably because using visual imagery to communicate complex ideas is integral to human psychology.
Unsurprisingly, visualisation is an essential part of FP&A Storytelling, which is the theme for this issue. A vital skill to master, FP&A Storytelling depends not only on communication skills, but also on cleverly deploying technology and analytics.
In this digest, you will find a guide to effective FP&A Storytelling, an article on dashboards, and an exploration of the psychology behind data visualisation.
At the bottom, you will find the usual invitations to our upcoming digital events.
I hope that this issue helps you to say more with less!
Kind regards,
Larysa Melnychuk
CEO and Founder
FP&A Trends Group &
International FP&A Board
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By Tijana Balotic Truong
We all know that an FP&A professional has to know their numbers. But once the data has been collected and analysed, it needs to be presented to others in a way that they can understand and utilise. This is why effective FP&A Storytelling is crucial, and this article explains how to do it well.
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By Olga Rudakova
The majority of FP&A professionals do not associate dashboards with strategic management, instead pigeonholing them as a performance monitoring tool. But dashboard design can play an important strategic role, as long as you set the right key performance indicators (KPI) for your business. Read the article to find out more.
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By John Sanchez
Visual imagery is one of the key ways we understand the world around us, and data is no exception. When we make use of visualisation instead of only numbers, we can understand data more quickly, and in enhanced ways. So, what is the psychology behind visual perception, and how does context influence it? Reading this article helps to explore the answers.
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By Simon Alexander
Many people believe that the numbers say it all. But FedEx’s Finance Director knows that this is far from the truth. In fact, it is only by telling the story behind the numbers that we can see the full picture and use the numbers to make value-adding decisions. Learn more in this video presentation from the Digital Benelux FP&A Board.
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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2021 has been the year of uncertainty, with FP&A teams facing massive challenges and transformations as they attempt to adjust to the ‘New Normal’. But now that they year is drawing to a close, it is time to look to the future. So, what are the top Financial Planning and Analysis trends to watch in 2022 and beyond? Register for this webinar to learn more.
FP&A professionals are becoming increasingly important in driving organisational strategies, and this is arguably due to the new and diverse capabilities they are demonstrating. So how is the typical FP&A skillset evolving? Join us for this webinar to learn more about FP&A’s transition from management accounting into a multi-skilled, multi-faceted role with both technical and soft skill aspects.
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