FP&A Trends Digest: Issue #65
Dear colleagues,
The role of the Financial Planning and Analysis (FP&A) Business Partner has been developing over many years. It is an evolution that has been shaped by prevailing business conditions and the challenges they have presented to management.
In the age of digitalisation, when planning and analysis are being extended to the entire organisation, Business Partners need to keep up with this new model to stay relevant and cutting edge.
Today, the FP&A Business Partner is a Change Agent that knows the business and challenges the status quo to improve.
That is why, for this issue, we have chosen to share content delving further into FP&A Business Partnering. As the supply chain is one of the key functions for FP&A Business Partners to collaborate with, you will also find a guide to managing supply chain variability.
As usual, you will find invitations to our upcoming global webinars at the bottom of the digest. I hope to see you at one of these digital events soon.
FP&A Business Partners are the co-pilots of any company. I hope this issue demonstrates how we might fly higher!
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Uncertainty hides at every supply chain corner, from the big picture to operational details. Identifying common hiding places and their impact on business is crucial for better forecasting. In this guide by CCH® Tagetik, you'll learn how to mitigate variability, increase predictability, and navigate supply chain complexity.
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By Michael J. Huthwaite
The power of Finance Business Partnering enables Finance professionals to step outside of their traditional Performance Management roles and contribute to real value creation initiatives. Simply put, spending more time working together is mutually beneficial for both Finance and the business. But what is the best way to structure that relationship? Should Finance operate as an advisor, a consultant — or perhaps even an investor? Walmart’s Director of FP&A shares his answers.
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By Bartosz Obojski
A significant promotion is often a gamble for the people who promote you. This means that opportunities are highly competitive, and decision makers think long and hard about a candidate’s suitability for promotion. Fortunately, the Director Global FP&A at Esko has identified seven things to keep in mind if you want to move up the FP&A Business Partnering career ladder. It is a long and subtle process, but well worth it. Read the article for more on the key components of Perceived Professional Maturity.
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By Takeshi Murakami
Just imagine how big of a role modern technology and FP&A can play in business discussions and driving business with actionable insights. In this article, Takeshi Murakami shares the Microsoft transformation journey and explores how to become next-gen Finance Business Partners.
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By Matt Poleski
Although FP&A professionals are good at analysing past events, past performance does not predict the future. How can we make forecasts more influential, then? We can start with three steps: understand the data, understand the business, and understand relationships with clients. In this 8-minute video, the Regional CFO at Gallagher explains how FP&A can operate in a crisis mode and deliver value to the business.
For more resources on FP&A Business Partnering, 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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Did you know that FP&A Trends Survey 2021 respondents believe they should be spending at least 55% of their time on high-value activities, but, in practice, they spent only around 22% there? This situation has barely changed over the last five years. So, how can we reverse this trend? One of the solutions is putting the FP&A routine on autopilot to focus on important tasks. Join this webinar to learn more about how to maximise FP&A value through automation.
We have recently finalised our 6th annual FP&A Trends Survey and would like to share with you the latest results on how FP&A is developing in different parts of the globe. We conducted the survey as organisations sought to recover from the pandemic, with many trying to determine how they should now operate in a drastically changed business world. Register for this webinar to learn more about the current state of FP&A.
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