FP&A Trends Digest: Issue #54
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Issue #54 - 08 January 2022
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Dear colleagues,
First of all, I would like to wish you a very happy new year! I hope you have had a wonderful break, and that you are now refreshed and ready for 2022.
The new year is often a time for ‘resetting’, for reassessing old habits and making fresh starts. That is why the theme for this digest is Zero-Based Budgeting (ZBB), which offers organisations the chance to do just that.
In this issue, we have collected articles that explore the ZBB concept, its benefits and challenges; an in-depth guide to implementing this process. You will also find a short video with an insightful case study of ZBB delivered by Capita Portfolio FD.
At the bottom, you will find the usual invitations to our upcoming webinars. I look forward to seeing you at our first events of 2022!
Kind regards,
Larysa Melnychuk
CEO and Founder
FP&A Trends Group &
International FP&A Board
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By Siva Raj Jeyarajah
While traditional budgeting methods still serve an important purpose, Zero Based Budgeting (ZBB) can be a differentiating factor within a competitive market. ZBB involves budgeting from ‘ground zero’, as if the business is starting up afresh, offering organisations the chance to reassess expenditures and targets. Learn more in this article from the Executive Vice President at Maybank.
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By Justin Ueland
ZBB has the potential to reduce an organisation’s expenses significantly. But how do we implement it successfully? After leading a ZBB program at a Fortune 500 company, the Plant Controller at Tennant knows what works and what doesn’t. Read his guide to ZBB implementation to find out more.
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By Larysa Melnychuk
After falling out of fashion in the ‘80s and ‘90s, we are in a new age of ZBB, with practitioners now applying its principles to wider processes. Zero-Based Budgeting is becoming ‘Zero-Based Everything’, and FP&A is no exception. So what exactly is Zero-Based FP&A, and how do we implement it? Our founder explores the answers.
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By Tom Vanoverschelde
In this short video, the Portfolio Finance Director at Capita shares his practical experience in implementing ZBB. For Tom, the best results come from seeing ZBB not only as a budgeting method, but as part of a wider management system and culture. So, what are the practical steps we can take to achieve this? Watch to find out more.
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 ‘Next 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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