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FP&A Trends Digest: Issue #77

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FP&A Trends Digest
Issue #77 - 03 December 2022

Dear colleagues,

Amazingly, FP&A teams still spend almost half their time on non-value-adding activities, according to FP&A Trends Surveys 2019-2022. 4 years in a row!

These low-value activities include data validation and working with an endless number of Excel spreadsheets. Our latest survey shows that Excel still dominates with 58% of users as a cross-wide tool for planning and forecasting.

Despite this high level of Excel use, there are modern analytical tools and technologies which impact how the FP&A department spends their time. For instance, organisations with Artificial Intelligence / Machine Learning (AI/ML) in place spend 16% more time on high-value activities like driving action and insight generation than the average company.

This digest provides a wide view of how flexible systems, AI/ML and Robotic Process Automation (RPA) will help you win valuable time and create a more mature organisation.

As usual, you will find invitations to our upcoming digital events at the bottom of this issue.

Winston Churchill, a British statesman, is quoted as saying: "There is nothing wrong with change...if it is in the right direction."

We hope this issue will help you find a direction for your transformation journey.

 

Best regards,

 

Larysa Melnychuk

CEO and Founder

FP&A Trends Group & International FP&A Board

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FP&A Trends White Paper: The Power of AI and Human Intelligence

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A Case from Sandoz: Analytical Transformation of FP&A using AI/ML and RPA

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While automation has eliminated many repetitive tasks and unnecessary human intervention, the next step for FP&A is to develop advanced analytics. It will help deliver business value through actionable recommendations. "Digital applications were a game-changer for the FP&A function that improved the way we are working", says Flavio Caruso, Cluster CFO (Europe) at Sandoz. Everything started with paperless document processing. Then they developed chatbots, shifted towards blockchain solutions and predictive analytics, and improved forecast accuracy using AI/ML and RPA. Learn more from this video.

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07 December 2022

Navigating Uncertainty: FP&A Analytical Transformation Case Study

During my trip to the USA in October, I got acquainted with Natalie Harden, VP of Finance and Investor Relations at Chuy's Restaurants. Her case study of undergoing an analytical transformation impressed me, so I organised a webinar dedicated to their company's experience. I cordially invite you to join us on December 7th to learn about their winning formula of analytical transformation from A to Z.

13 December 2022

The Power of Driver-Based Planning and Forecasting for Modern FP&A

Driver-based modelling is an essential component for achieving agility and adaptability. It helps us to bring key business drivers that impact business evolution the most and allows on-demand planning and forecasting. With this in mind, our next digital circle will focus on the Power of Driver-Based Planning and Forecasting. Join the Digital FP&A Circle on December 13 to hear answers to the above questions from senior finance practitioners and thought leaders from Storck Deutschland KG, Deutsche Bahn Regio AG, Versace and Board International.

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Transforming FP&A Together: Human & AI Synergy
 
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Moving from FP&A to Extended Planning and Analysis (xP&A)
 
Five Critical Roles for Building a World-Class FP&A Team
 
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FP&A Business Partnering and AI: A New Era
 
All events for the year

Future Meetings

The Face-to-Face Amsterdam FP&A Board
The Face-to-Face Amsterdam FP&A Board Transforming FP&A Together: Human & AI Synergy

May 15, 2025

The Face-to-Face Milan FP&A Board
The Face-to-Face Milan FP&A Board Moving from FP&A to Extended Planning and Analysis (xP&A)

May 20, 2025

The Face-to-Face Frankfurt FP&A Board
The Face-to-Face Frankfurt FP&A Board Five Critical Roles for Building a World-Class FP&A Team

May 22, 2025

BPAI
The FP&A Trends Webinar FP&A Business Partnering and AI: A New Era

May 28, 2025

The Face-to-Face London FP&A Board: Data Management & Analytics: Unlocking FP&A Value
The Face-to-Face London FP&A Board Mastering Data in FP&A: Smarter Analytics, Better Decisions

June 5, 2025

FP&A Trends Webinar The Evolving Role of FP&A: From Number Cruncher to Strategic Advisor
The FP&A Trends Webinar Making FP&A Teams Fit for the Future

June 11, 2025

The Face-to-Face New York FP&A Board
The Face-to-Face New York FP&A Board From Insight to Impact: FP&A Business Partnering in Action

June 17, 2025

The Face-to-Face Sydney FP&A Board
The Face-to-Face Sydney FP&A Board Modern Financial Planning and Analysis (FP&A): Latest Trends and Developments

June 26, 2025

The Face-to-Face Singapore FP&A Board: Modern Financial Planning and Analysis (FP&A): Latest Trends and Developments
The Face-to-Face Singapore FP&A Board Modern Financial Planning and Analysis (FP&A): Latest Trends and Developments

July 8, 2025

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