FP&A Trends Digest: Issue #78
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Issue #78 - 21 December 2022
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Dear colleagues,
As 2022 is coming to a close, please accept my heartiest wishes for the upcoming festivities. May the next year bring you happiness, prosperity, and a good time with those you love.
I appreciate your being a part of our global FP&A community. During the last 12 months, FP&A Trends Group organised numerous face-to-face and digital events, where FP&A practitioners shared their thoughts on the most impactful tendencies. Let us continue to advance our profession together.
With 2023 fast approaching, we should ask ourselves what trends will shape Financial Planning and Analysis. That is why for this newsletter, I have selected content on cutting-edge topics to help you better understand the latest trends shaping the FP&A industry.
We are planning lots of interesting events for the coming year. I will be facilitating the first webinar in January, "Inside the Crystal Ball". We will explore in depth the top five trends impacting FP&A the next year and beyond. It promises to be a forward-thinking discussion, and I hope you will join us.
Stay tuned and enjoy the Festive Season!
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In a world of irrelevant budgets and inaccurate forecasts, Scenario Management plays a vital role for organisations to plan with greater certainty. When you cannot predict the future, Scenario Management is one of the few planning approaches that make sense. So, what does it take to move towards Scenario Management? Find out the answer and more in the white paper conducted by FP&A Trends Group.
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One of the key challenges for modern FP&A is finding the right people with the right skill sets and getting them to work in a synergetic way. Under the spotlight in our recent research are the following topics: crucial FP&A roles, new ideas for skills development, agile decision-making, and the impact of technology. Investing in human resources is the key to success. Here, you can learn more about the hard and soft skills necessary to move seamlessly towards the best-in-class FP&A teams.
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By Tanbir Jasimuddin and Lyndon Adams
Artificial Intelligence (AI) and Machine Learning (ML) and its use in finance have been in the spotlight for some time now. We are well acquainted with its benefits such as an increase in productivity or inefficiencies reduction. But what does digital FP&A transformation entail? In this article, authors summarise how Amazon and Konica Minolta shifted toward digital FP&A and how Amazon applied ML to revenue forecasting.
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By Emre Gungoren
In the last couple of years, the advancement of technology in driving digital transformation has been the key for Microsoft. They call this the Modern Finance era, which is about using the tools and seeing how they can be improved. In this video, Emre Gungoren, Microsoft’s Group Finance Manager – Surface, shares how the Modern Finance era looks like at Microsoft. You will get a chance to hear about the company's xP&A journey and explore how Machine Learning can transform the forecasting process.
For more Insights from FP&A Trends, 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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2022 has been the year of high uncertainty and "Black Swans", perhaps more than ever. FP&A teams have been going through massive challenges and transformations. That's why we must understand the top Financial Planning and Analysis trends to watch in 2023 and beyond. Join us on January 19th to get the answer to this question from the global panel of senior practitioners and thought leaders.
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