FP&A Trends Digest: Issue #67
Dear colleagues,
“Data Visualisation helps to bridge the gap between numbers and words.” (Brie E. Anderson)
Effective FP&A Storytelling is an increasingly important skill for professionals in the field, and Data Visualisation is one of the best ways to smooth the jump from numbers to words. Tools such as FP&A Dashboards help us tell the story behind the data to our stakeholders – but only if we employ them effectively.
Our goal when compiling this digest was to help you do just that. This issue contains our recent white paper on FP&A Storytelling; a guide to fixing common Data Visualisation errors; an article about the increasing importance of storytelling to the finance role; a breakdown of the practical steps involved in good storytelling; and a video explaining how to optimise FP&A Dashboards.
At the bottom of the digest, you will find the details of our upcoming webinars.
I hope that this issue helps you to glide elegantly from numbers to story, and to paint FP&A pictures worth thousands of words!
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The impact of the FP&A storyteller reaches far beyond the boundaries of traditional finance. They work with every part of the business to present insights. How does a storyteller use their skill to drive action? How can they leave a lasting impression with stakeholders? Find out the answers and more in our recent FP&A Trends White Paper.
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By Monika Piekarska
The power of data visualisation is well known in modern FP&A. But this doesn’t mean that all FP&A professionals get data visualisation right. On the contrary, many fall into certain recurring pitfalls, such as poor use of charts and colours. Luckily, these data visualisation mistakes can be easily fixed – just read this article to find out how.
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By Michael Lengenfelder
What does a finance leader have in common with a journalist? The question might sound like the set-up to a bad joke, but it has a very real answer. The role of the finance leader is changing, and just like journalism, it increasingly involves effective storytelling. So how does FP&A storytelling work, and what benefits does it offer? The author has the answers.
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By Simon Alexander
By now you are probably well aware of the importance of FP&A storytelling, and of the advantages it can bring to organisations. But what about the practicalities involved? If you have been looking for a step-by-step guide to effective FP&A storytelling, then look no further: the MD Field Finance at FedEx Express Europe has written one for you.
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By Jürgen Faisst
When it comes to storytelling, dashboards are one of the most useful tools that finance professionals have in their arsenal. But all too often, dashboards are presented poorly, with too many colours and patterns, and too little consistency. In this short video, the Managing Partner at IBCS Institute shows us how to get dashboards right, standardising and simplifying them to optimise results.
For more resources on Data Visualisation, 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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Intelligent Transformation brings huge benefits to organisations, optimising analysis, management processes, and stakeholder collaboration. Moreover, Intelligent Transformation can be driven by common practices within the three key categories of the FP&A Board Maturity Model. Find out more by registering for this webinar.
With the business environment in constant flux, traditional planning approaches that bank on a single possible future are no longer viable. Instead, organisations must turn to scenario management to prepare for the prospect of multiple future outcomes. To learn how to implement scenario management successfully, register for this webinar.
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