FP&A transformation can make the overall finance function more efficient whilst adding more value through analytical insights. The time for transformation is now!
At the FP&A Trends on December 7th Natalie Harden, Chuy’s VP of Finance & Investor relations, shared her formula of success of analytical transformation from A to Z in their journey.
In this video, Frances de Blasio, VP of Finance at Cars.com and a Member of FP&A Trends Chicago Board, shares her view on the importance of predictive analytics in FP&A and explains the necessity of investing in team intelligence.
The FP&A maturity journey requires the organisation to develop across all the facets: Leadership, Functional Skills, Business Partnership and Collaboration, Process, Data and Analytics, and Technology.
Statistics demonstrate the stark truth: that only 30% of change programs are successful, a proportion that has hardly changed since 1995. What can FP&A do to ensure we reverse this?
In an uncertain world, plans with a single focus are no longer sufficient. Management needs to constantly scan the business environment, assess what lies beyond the ‘span of predictability’, and be prepared for a multitude of realities.