CFO Magazine: Scenario Planning: A Roadmap Through Recession and Inflation

“Historical performance and figures can only get a company so far when the road ahead is so unclear. Ultimately, forward-looking organizations that can rely on thoughtful, detailed scenario planning are the ones that make it through risk and economic uncertainty most unscathed.”

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FP&A Trends: Best Practices to Drive Transition to Extended Financial Planning & Analysis (xP&A)

“To achieve an integrated FP&A, organisations and their leaders need to focus on key success factors”

1. Data & Key Drivers
2. Driver-Based Model
3. Way Financial View
4. Integrated Processes
5. Integrated People
6. Integrated Platform

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FP&A Trends: How FP&A Teams Must Harness Scenario Planning To Aid Decision Making

“The need for short-term, dynamic Scenario-Based Planning becomes evident. However, many organisations remain stuck in the traditional planning process, which takes months to prepare and becomes outdated the moment they are finalised.”

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FP&A Trends: Intelligent FP&A: Top Three Challenges and How To Overcome Them

“Organisations fail to move past legacy ways of working. To this day, Excel remains the most common tool for running complex FP&A activities. Despite its popularity, spreadsheet-based planning is heavily constrained and unable to meet modern business needs and speed. It restricts collaboration, increases the risk of error, and often works in a silo and even when it is not, it can be time-consuming to integrate properly.”

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CFO Dive: CFO FP&A Close-up: Modern Planning and Analysis

“The purpose of FP&A, at its core, is profitability. “You would be surprised how large companies can get and still not understand their profitability, and at the end of the day, this is the purpose of FP&A,” said Sheeran.”

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FP&A Trends: Latest Trends and Challenges Facing FP&A Departments

“During the webinar, a conducted poll contained the following question: “What is the main barrier on your way to data-driven decision-making?” Most participants commented that their main difficulty was a deficiency in appropriate analytical tools. We can therefore conclude that planning continues to be executed traditionally.”

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FP&A Trends: Drivers of Inflation in 2022, and How FP&A Can Prepare for It

“Whether or not you think you know which macroeconomic model is the right one for the global economy, you only need to know which one is the most relevant for your business. Each business lives in a different part of the overall supply chain, so some will be highly impacted by supply-side commodities prices or energy prices. In contrast, some will be impacted more significantly by the general purchasing power of currency reducing and have more relevant impacts from monetary policy.”

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CFO Dive: Inflation Pushes CFO Digital Investments

“In order to meet their goals of agility and resilience at their firms, as well as develop a “future-ready” finance function, CFOs “must adopt an end-to-end approach toward transformation in order to drive business growth, optimize stakeholder experience and scale business initiatives over the long-term,” Keshav R. Murugesh, group CEO for WNS said in a statement.”

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FP&A Trends: Automation in FP&A: If You Want to Go Far, Go Together

“Automation will allow organisations to have:

• A single source of truth
• Automated reporting and analytics
• Seamless collaboration between teams
• Easy Scenario Planning and rework
• Permissions and audit trail
• Time for analysis and recommendations”

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