FP&A Trends Digest: Issue #66
Dear colleagues,
Charles Darwin is quoted as saying: “It is not the strongest of the species that survive, nor the most intelligent, but the ones most responsive to change.”
This principle is as true in business as it is in the natural world: successful organisations are those that adapt to their environment, and FP&A has a key role to play.
That is why the theme for this digest is FP&A Transformation – the adoption of an automated, fact-based approach to planning that facilitates faster, more agile decision-making. FP&A Transformation is about more than just the application of technology, though; it redefines processes and collaboration across many functions.
In this issue, you will find an eBook guiding you through the FP&A solution selection process; an article on improving the chances of transformation success; a breakdown of 10 key principles for long-term FP&A value creation; an article on the building blocks of the Financial Planning and Analysis of the future; and a video case study of a successful planning transformation.
I hope this digest helps your organisation not just to be strong and intelligent – but also to respond with agility to change.
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In an increasingly unpredictable marketplace, finance leaders are seeking new ways to prepare the business for every eventuality. Digital transformation of FP&A plays a key role, with Intelligent Planning solutions capable of offering vital insights that guide business decision-making. Read this eBook to discover where to begin, what must-have capabilities to look for, and how to refine your shortlist when selecting the right FP&A solution for you.
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By Amrish Shah
In many ways, finance transformation is no different from any other transformation. But finance transformation tends to address deeply rooted data and decision issues, and to be at the forefront of leveraging upcoming technologies. This makes it a very positive support and catalyst for broader organisation transformation. But what are the push factors for finance transformation? What are the benefits, key considerations, and things to watch out for? How can technology help support transformation? Find out the answers in the article.
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By Jawwad Rasheed
Even before the COVID-19 pandemic, FP&A transformation was on the top of CFO’s agenda. What causes FP&A transformations to go badly? The authors have set out ten principles for how a financial services organisation should approach the design process to maximise the return on investment in FP&A transformation. To learn more about how to drive long-term value in FP&A transformation, check out the article.
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By Dr. Prashanth Southekal
A reliable FP&A function relies on a solid business strategy and a sound financial acumen. But at the execution level, the future of FP&A depends on three key building blocks: Digital, Data and Analytics. What are these building blocks and why do they matter from the FP&A perspectives? Read the article to find out the answers.
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By Vignesh Dumonceau
Increases in available data – along with technological and analytical innovations – have seen the FP&A framework evolve rapidly. But what are the practical steps required to take your FP&A process to the next level? How can we utilise the new tools available to us to optimise the FP&A framework? You’ll find out in this short video from the CFO Switzerland of Flex, a company whose digital transformation brought it to the leading stage of FP&A Maturity.
For more resources on FP&A Transformation, 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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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.
Intelligent Transformation is more than just the application of technology: it redefines how stakeholders collaborate, the organisation’s approach to analysis, and how management processes are conducted throughout the enterprise. Register for this webinar to learn how to achieve FP&A Intelligent Transformation. The webinar is based on our global research that is focused on the FP&A Board Maturity Model categories of Process, Data & Analytics, and Technology. We found common practices within each of these that enabled organisations to move closer to Intelligent Transformation.
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