FP&A Trends Digest: Issue #88
Dear colleagues,
"Running scenarios is like the flashlight that helps us stay on the path." - Michael Huthwaite, Director of Product Management & Intelligent Reporting, Walmart.
FP&A Scenario Planning has become an essential tool for navigating the complexities of today's business landscape. It provides a guiding light, enabling us to make informed decisions and stay on course amidst uncertainties.
However, our recent FP&A Trends Survey reveals that running scenarios remains a challenge for many businesses. Only 19% can run scenarios in real-time or within a day, while 26% are unable to run them at all.
In this issue of our newsletter, we shed light on the transformative potential of Scenario Planning in Financial Planning & Analysis. Included below is a selection of articles and short videos that explore the advantages and strategies of FP&A Scenario Planning, along with a valuable eBook resource that delves into the profound impact of this technique.
I hope this issue will help you to embrace the power of Scenario Planning as our guiding flashlights and chart a path towards a more resilient and successful future.
Stay tuned for more engaging content and valuable insights in our upcoming newsletters. Happy reading!
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Scenario Planning empowers finance teams to stay adaptable regardless of disruption. Explore the guide for key steps to an effective Scenario Planning process. Discover how to build a powerful Scenario Planning process and deliver adaptable plans that shape the future, including:
- Benefits of Scenario Planning in a VUCA world
- Differences between traditional forecasting and Scenario Planning
- Steps for building an effective Scenario Planning process
- 11 tips for enhanced Scenario Planning
- How Artificial Intelligence and Machine Learning tools drive more actionable insights
To download your copy of the eBook, please, click here.
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By Carl Seidman
How can Scenario Planning revolutionise FP&A? In this article, the author explores the game-changing potential of Scenario Planning - a tool that allows companies to anticipate multiple possibilities, assign probabilities, and adapt their financial strategies accordingly.
Discover the strategic edge that Scenario Planning brings, enabling organisations stay ahead of the curve in an ever-evolving business landscape, by reading this article.
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By John (Jack) Alexander
Imagine your business plans and financial projections crumbling due to unforeseen uncertainties. But fear not! There's a powerful solution: Scenario Planning.
In this article, the author unravels the secrets of implementing Scenario Planning and Analysis in just six simple steps. From anticipating multiple outcomes to identifying critical assumptions and taking informed actions, this approach will fortify your business against uncertainties.
Read this article to get ready to rewrite the future of your success story with this essential tool.
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By Richard Melia
How can Scenario Planning help your business drive FP&A transformation forward? In this short video, IQVIA’s Finance Director FP&A debunks some common misconceptions that might stop businesses from taking full advantage of all that Scenario Planning has to offer. Have you identified that a change in approach is needed?
Watch this video to hear key steps and tips to help you develop scenarios and take you through to successful implementation and review.
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By Michael Huthwaite
One of the current challenges for FP&A professionals is that traditional planning methods are no longer sufficient for this turbulent period. This is where FP&A Scenario Planning comes into play.
In this short video, Director of Product Management, Intelligent Reporting at Walmart shares his practical insights on how to navigate uncertainty: what it takes to see in the dark.
For more resources on FP&A Scenario Planning, 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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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.
Change can be daunting, but it doesn't have to be. With only 30% of change programs achieving success, it's crucial to have a framework that enables FP&A professionals to navigate through complex change with ease.
Register for this webinar where our expert panel will divulge the key steps for FP&A Change Management success. Gain actionable insights on how to drive analytical transformation, and take your business to new heights.
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