FP&A Trends Digest: Issue #81
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Issue #81 - 04 February 2023
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Dear colleagues,
Agile creatures use their ears and eyes to observe change or danger, and their feet to move quickly. Agility is ultimately the ability to respond swiftly, with conviction and grace, in the face of uncertainty. And with uncertainty continuing to mark the era we live in, agility is the order of the day for every business.
In Financial Planning and Analysis, adjusting quickly while effectively managing and maintaining shareholder value can be a challenge. That’s why this issue of our newsletter rounds up the latest advice and guidance to support you and your business practically on your journey to greater FP&A Agility.
Every year we lead an initiative to support FP&A professionals across the world in navigating uncertainty by defining current trends and developments that lie ahead. Your participation in this project is essential, and will help us create a detailed snapshot of FP&A across the globe, I hope you will be able to take just 10 minutes of your time to complete our survey.
Former US president Theodore Roosevelt famously said, “Keep your eyes on the stars, and your feet on the ground.” As modern FP&A professionals, may we always keep our eyes open to our surroundings and the horizon ahead, and our shoelaces tied and ready to go.
Enjoy the issue and stay tuned!
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Being agile means being able to respond quickly to emerging trends and developments – and the 7th edition of the FP&A Trends Group survey plays an important role in setting and defining them.
Join hundreds of others and share your views in this crucial global survey. Your responses will help us create benchmarks and strategies that will benefit FP&A professionals around the world and shape the road ahead. Complete our survey today to receive your comprehensive report in July 2023. It only takes around 10 minutes.
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FP&A is evolving into a whole new area of influence with cross-departmental and cross-dimensional impact. Accurate, frequent, and integrated business planning is crucial as geopolitical tensions, worldwide inflation, and supply chain disruption continue to reshape the global economy. Jedox has identified seven FP&A trends that are top of mind with their teams, customers and partners around the world. Read on to find out about them.
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By Amrish Shah
The modern finance function needs to provide financial management service elements that support strategic objectives, work more effectively and efficiently, and become more engaging to continue to attract talent. So how do businesses achieve this and become truly agile? In this article, CFO at Metabolic outlines five key elements that characterise agile organisations today, and considers what they mean for FP&A.
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By Dante Healy
Adopting agile approaches yields impressive improvements in quality, speed of delivery, and overall consumer satisfaction. But how can we implement them successfully? Effective agile adoption means transforming mindsets, delivering value early, managing uncertainty and fostering an open team environment. Read this article and discover more Agile insights for transformation success.
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By Steve Morlidge
When navigating in turbulent times, a clear map of the road ahead is even more important. More reliable forecasts speed up decision making and help make businesses more agile. In this article, the author presents six simple principles that will help executives significantly improve the performance of their forecast processes. Read on to find out how improving the quality of forecasting in your business can make it more agile.
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By Pedro Ferreira
How can continuous planning catalyse businesses to respond to today’s volatile world? It provides greater visibility and organisational agility, and allows businesses to explore a range of outcomes. Watch this short video from Global Business Intelligence Lead at Novartis, to find out what you need to make Continuous Planning effective for your business.
For more resources on Agile FP&A, 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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One of the key tasks for FP&A in 2023 has to be the harmonisation of the different planning processes within the organisation. The way to do this is via the adoption of an Integrated FP&A approach. Register for this webinar where we will reveal the winning formula for Integrated FP&A. You will have a chance to learn the six key success factors of how to harmonise your planning processes and how to put it into practice via case studies.
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