FP&A Trends Digest: Issue #57
Issue #57 - 19 February 2022
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Dear colleagues,
Did you know that 67% of well-formulated strategies fail due to poor execution? And that only 2% of leaders are confident in achieving their strategic objectives?
Clearly, the business world has a big 'Strategy-Execution Gap' problem!
FP&A has a vital role to play in closing the Strategy-Execution Gap, but this is not going to be easy. Widespread transformation is needed; data and drivers must be harnessed effectively. In this issue, we have collected content that will help you do just that.
You will find a report exploring the current state of digital finance transformation, and a guide to accelerating this transformation with the FP&A Data Maturity model. There is also an article on assessing readiness for strategy execution, and a video about the role of modern FP&A processes in closing the Strategy-Execution Gap.
I hope this digest helps you confront what is arguably one of the biggest ongoing challenges for organisations today, and you can visit our website for more content about FP&A Strategic Planning.
Stay tuned!
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What are the priorities for today’s finance leaders? Can they access the analytics needed to drive the business forward? And why do 91% agree that finance is the natural hub for a company’s data? Download Board International’s Resurgent Finance Leader report, based on input from 600 global finance executives, to explore the current state of digital transformation in finance.
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By James Myers
We are currently experiencing a tectonic shift in data. Harnessing and harmonising it for your organisation has never been more important. The FP&A Data Maturity Model can help you with this task, offering the potential to accelerate transformation. A step-by-process, it guides you along the curve towards game-changing data analytics. Learn more in this article.
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By Niels Van Hove
Did you know that 60-90% of strategy executions fail? Clearly, many organisations need a framework to assess their strategy execution readiness, and this article from an S&OP/IBP expert at Truebrigdges provides one. Learn how to bridge your strategy to execution gaps, and make use of Niels’ handy checklist for readiness.
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By Michael Huthwaite
There are arguably two main reasons for the Strategy-Execution Gap. The first is obvious: too much focus on short-term profits. The second is less immediately noticeable, but perhaps more deep-rooted: improper allocation of resources. So how can we use modern FP&A to address these problems and close the Strategy-Execution Gap? Find out in this video presentation from Michael Huthwaite, Corporate Finance Director at Walmart.
For more resources around FP&A Strategic Planning, 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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With the COVID-19 pandemic causing major supply chain disruptions, the advantages of integrated supply chain planning are now more compelling than ever. It facilitates real-time scenario planning, decision-making and collaboration across the organisation, and improves revenue and profitability management. Register for our March webinar as our experienced panel share their insights.
Agile, adaptable planning requires playing scenarios practically, in real time. Thankfully, there are innovative modern tools to facilitate this process. So what does the business modelling of the future look like, and how can we harness it for integrated FP&A? Join us for this webinar to find out the answer.
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We have launched the 6th annual FP&A Trends Survey, and I would like to invite you to complete the survey 2022, and share the link with your colleagues. Join the thousands of other practitioners in defining the future of Financial Planning & Analysis. It will take approximately 10-12 minutes, and in return, you will be the first one to receive the final report. Your answers will help us produce statistics about matters that affect the whole FP&A community.
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