FP&A Trends Digest: Issue #59
|
Issue #59 - 19 March 2022
|
Dear colleagues,
The increasingly unstable situation in Europe demonstrates the difficulty of predicting the future during uncertain times. With traditional forecasting and planning methods failing to meet the challenges of the modern environment, we are questioning whether these approaches are truly fit for purpose.
So, could Beyond Budgeting (BB) be the best alternative?
In the words of Bjarte Bogsnes, Chairman at the Beyond Budgeting Institute, “The main purpose of Beyond Budgeting is liberation from dictatorship, micromanagement, number worshipping, calendar periods, hierarchies, secrecy, sticks and carrots.”
In this issue, we explore whether Bogsnes’ words ring true. We have collected two insightful video case studies from KPMG and Danone; an article on the advantages of Beyond Budgeting over traditional approaches; and an article explaining how BB can turn one of the most despised business processes into one we can look forward to.
At the bottom of the digest, you will find invitations to our upcoming webinars.
I hope this issue will leave you feeling better prepared for an uncertain future, in business if not in life!
|
|
Finance teams need to leave traditional forecasting behind and replace it with more agile and responsive processes. Find out how KPMG Germany has revolutionised their forecasting to allow the office of finance to become true business partners in our on-demand webinar “The Death of Traditional Forecasting”.
|
|
By Franz Röösli
In this world of VUCA (Volatility, Uncertainty, Complexity and Ambiguity), budgeting has become an even more challenging process. With the environment evolving rapidly and unpredictably, budgets can become outdated almost as soon as they are finalised. So could Beyond Budgeting offer a solution? How might it improve goal setting, forecasting, resource allocation, and motivation? Find out in this article.
|
|
By Steve Morlidge
Budgeting is arguably the least popular business process – but that might just be because most organisations are still using traditional approaches. In contrast, Beyond Budgeting has the potential to make the process easier and more enjoyable. Most importantly, it can drive dramatic improvements in performance. Learn how in this article from a business forecasting thought leader and author.
|
|
By Ivo de Brouwer
Danone is one of the largest multinationals in the world. So how does a company of this size and reach transform its approach to a core business process? And what lessons can we learn from Danone’s implementation of Rolling Forecast? In this video, the company’s Finance Director – Controlling Methodologies explores the answers.
For more resources around Beyond Budgeting (BB), please click here.
|
|
Hundreds of finance professionals around the world have already answered the 6th annual FP&A Trends Survey, and I would like to invite you to complete it too. In exchange for a few minutes of your time, you will be the first to receive the final report. The results will help you to understand how your company compares to its peers and competitors across the globe, and to identify areas on which to focus to deliver value.
|
FP&A Trends Digital Events
|
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.
|
|
In this environment of change and uncertainty, being adequately prepared for the future means accounting for a whole range of possibilities. Scenario Planning allows us to do just that. But getting it right means doing it collaboratively, in real time, and in integration with different levels of the organisation. Join us for this webinar to discover more. Senior practitioners from AstraZeneca, Owens Corning and Board International will share their valuable insights on how to combine the 3 key elements of FP&A maturity – Process, Analytics and Technology – to drive transformation.
|
|
Please refer to our Privacy Policy regarding the usage of your data by FP&A Trends. Contact us at privacy@fpa-trends.com if you have any questions or concerns.
All referenced trademarks are the property of their respective owners.
|
|
