FP&A Trends Digest: Issue #61
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Issue #61 - 18 April 2022
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Dear colleagues,
As an English theoretical physicist Stephen Hawking said, “Intelligence is the ability to adapt to change.”
For FP&A professionals, it is crucial to be able to move forward and act in accordance with the pace of business change. In this fast-changing world, it is all about developing "agility".
Agile FP&A allows organisations to adjust quickly to market changes while effectively managing and maintaining shareholder value. In this newsletter, you’ll find a variety of articles covering the concept, its main benefits, and practical examples of implementation.
Each year we conduct a global survey to identify the trends that are changing the FP&A profession. I am inviting you to participate in the FP&A Trends Survey 2022. Your feedback is highly valuable, helping us produce a comprehensive report on the current state of FP&A around the world. It should take you approximately 10-12 minutes or so to complete it.
At the bottom of this digest, you will find invitations to our two upcoming webinars.
I hope this digest demonstrates the importance of agility in FP&A in managing uncertainty.
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As you already know, we have launched the 6th annual FP&A Trends Survey to gather statistics on issues that affect the entire FP&A community. Please take 10-12 minutes to complete our survey, and in return, we will share the final comprehensive report with you in July 2022. 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.
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By Kevin Phillips
Any notion that we would be "getting back to normal soon" has been replaced by the acknowledgement of our "next" normal. Therefore, operating in the traditional management accounting space is not sufficient for this incredible business environment. But what does agile and flexible FP&A look like? Read this article to learn more about four principles to guide your agile FP&A journey.
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By Bernard Drui
The target of Corporate Performance Management (CPM) in the age of agility is clear: creating a robust, truly collaborative, integrated and proactive organisation enable by informed decisions. But what does CPM require in a world dominated by uncertainty? How do FP&A teams have to transform to be effective in the “next normal” environment? Find out the practical answers in the article.
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By Stéphane Bonutto
With the economic environment becoming increasingly unstable, processes and tools are not always available to support effective decision-making. This article explores how to determine the right drivers to monitor, and how to build agile and flexible scenario templates.
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By Johan Hoff
For FP&A in today’s business climate, agile planning is basically the speed and flexibility with which organisations can make adjustments to what it wants to achieve. In this 9-minute presentation Johan Hoff, SVP Region Europe North & Central at Volvo Financial Services, shares his practical experience on how an agile FP&A model can help formulate a plan of action.
For more insights on Agile FP&A, 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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Business disruptions are increasing in both frequency and severity. Without a digital FP&A process supported by modern technology, finance leaders may find it nearly impossible to deliver on strategic goals. Join this webinar to hear practical insights from senior leaders from Dorrington Plc and Bedford Consulting on how modernising FP&A processes can help navigate through uncertainty and improve business agility.
The last two years have disrupted our professional and personal lives in unprecedented ways, and FP&A is now facing many new challenges. But how best to confront new circumstances in both the short and long term? Register for this webinar to learn about the top five FP&A challenges and how to address them.
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