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FP&A Trends Digest: Issue #87

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FP&A Trends Digest
Issue #87 - 6 May 2023

Dear colleagues,

By 2030, 38.6 Million potential FTEs to be displaced by automation, according to McKinsey Global Institute Report. However, FP&A storytelling with data will continue to be a skill differentiator for the FP&A profession of the future. With the world changing at an unprecedented pace, it's crucial that we stay up to date on how team roles and skill sets are evolving.

Still, the 2022 FP&A Trends survey indicates that FP&A is not spending enough time in the areas they want to be in: only one-third of their time is spent on high-value activities such as storytelling with data.

That is why, in this newsletter, we will explore the evolving skillset of FP&A professionals and the different roles they play in driving organisational strategies. In it, you can find the 2023 Finance Leaders Survey, which delves into how the finance function is adapting to meet current challenges and opportunities; the research paper on how to build the best-in-class FP&A team; insightful articles on various roles within the FP&A department; and a short video from FD of Autodesk, discussing the optimisation of soft skills in FP&A teams.

As you read this issue, I encourage you to reflect on your own team and consider how you can better leverage each team member's strengths to drive better results. Whether you're a financial analyst, FP&A manager, or team leader, this issue is sure to provide valuable insights and inspiration for building a winning FP&A team.

Best regards,

Larysa Melnychuk, CEO and Founder
FP&A Trends Group & International FP&A Board

Popular Content

2023 Finance Leaders Survey

With the right strategy and technology, you can bridge the gap between your ambitions and reality. With insights from over 700 finance leaders in Prophix’s 2023 Finance Leaders Survey, you’ll learn:

 

  • Which three leadership approaches help the most successful teams adapt and thrive
  • Why 96% of finance leaders agree that agility is critical to accurate forecasting and scenario planning
  • Innovative ways you can increase efficiency and generate insights
  • Why 65% of your peers’ plan to automate their processes to enable transformation
  • What to prioritise, modernise, and change in finance this year

 

To download your copy of the Survey report, please, click here.

FP&A Trends Research Paper: Best-in-Class FP&A Teams and How to Build Them

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.

Reinventing FP&A: New Roles Within FP&A Departments

By Michael Coveney

Which job role dominates in FP&A departments? You might think it's the 'accountant,' but as technology continues to rapidly evolve, FP&A teams need to diversify their roles and skill sets. The latest analytical tools driving FP&A transformation require new and different kinds of expertise. Learn all about them in an article by the Head of Research at FP&A Trends Group.

Make Your Data Speak: a Guide to Becoming an Unrivalled Data Storyteller

By Soufyan Hamid

How can you make your data speak? The ability to tell complex concepts in a simple story has become one of the key skills in the data-driven world. Still, data is usually quite challenging to understand, so not everyone can read it. Becoming a storyteller in FP&A will also require mastering how to present a big chunk of data to your colleagues. Hopefully, you can state the last figures and the difference between old and new ones in your story. In this article, the author outlines eight practical tips to become an outstanding data storyteller.

Video: Finance Soft Skills Optimisation

By Valerie Martin

Developing soft skills is a way to optimise performance in your organisation. FP&A Teams need to improve their soft skills to make better decisions and operate effectively. However, many organisations and finance leaders are still looking for a solution to this issue. How can they change this situation? Watch this video from Finance Director at Autodesk, to learn more about optimising soft skills in your organisation.

For more resources on FP&A Team Building, please click here.

FP&A Trends Digital Events

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.

6 June 2023

Mastering the Art and Science of FP&A Storytelling

At the time of advanced analytics, flexible dashboarding and effective data visualisation, FP&A storytelling has become both an art and a science. But how can we master it?

Register for this Digital FP&A Circle to hear insights from senior practitioners and thought leaders about the winning formula for FP&A Storytelling.

14 June 2023

Navigating the FP&A Technology Landscape: Key Considerations and Requirements

Choosing the right technology for FP&A is crucial for success, but it can be a daunting task. Many organisations still rely on outdated tools and spreadsheets, which are not equipped to handle the complex needs of modern planning. The 2022 FP&A Trends Survey shows that 58% of respondents use Excel as their main system for planning and forecasting.

Join this webinar to learn practical insights and key considerations for selecting and implementing an FP&A technology solution that fits today's uncertain world.

© 2023 FP&A Trends Group
     

Please refer to our Privacy Policy regarding the usage of your data by FP&A Trends. Contact us at privacy@fpa-trends.com if you have any questions or concerns.

All referenced trademarks are the property of their respective owners.

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Transforming FP&A Together: Human & AI Synergy
 
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FP&A Business Partnering and AI: A New Era
 
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The Face-to-Face London FP&A Board Mastering Data in FP&A: Smarter Analytics, Better Decisions

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The FP&A Trends Webinar Making FP&A Teams Fit for the Future

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The Face-to-Face Singapore FP&A Board: Modern Financial Planning and Analysis (FP&A): Latest Trends and Developments
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July 8, 2025

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