FP&A Trends: The Key Steps to Fostering a Data-Driven Culture

“Technology is not the key issue to implement a data-driven culture within an organisation. The first crucial task is to determine the data strategy and focus on the business problem. To be successful though, embracing the changing culture is the most important aspect of all”

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FP&A Trends: Rolling Forecasts: The Important Role of Technology

“Year-end forecasts help to make the decisions required to achieve annual goals. However, they can be relatively inflexible. Due to the time needed for preparation, they are also based on data that may be halfway up to date when creating the forecast but quickly become outdated during the fiscal year. This is where introducing Rolling Forecasts is particularly valuable for organisations in industries and markets with high volatility.”

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FP&A Trends: Corporate Performance Management in the Age of Agility

One of the key transformation pillars for FP&A Teams is to “optimize the use of technology:

• Digitalise the forecasting and reporting cycle to promote collaboration and access to data while ensuring security and traceability
• Take advantage of Artificial Intelligence (including analytics) to solve current problems and improve its ability to anticipate, decide and act
• Equip yourself with a modern reporting tool that allows users to easily access data, conduct their own analyses, and define their own dashboards (taking into account mobility needs, if applicable)”

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FP&A Trends: What is Integrated FP&A?

“FP&A is all about managing the value of the company through understanding, describing the value through models, supporting decision making, telling the story, and communicating to the stakeholders. Integrated FP&A involves harmonising the three levels of planning – Strategic, Financial and Operational levels”.

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FP&A Trends: The Winning Formula of Integrated FP&A

According to FP&A Trends, these 4 areas need to be strong in the foundation of Integrated FP&A in order to be winning:

1. Data
2. Technology
3. Culture
4. Talent

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FP&A Trends: How Data-Driven FP&A Powers Smarter Decision Making

“When your financial planning and analysis (FP&A) becomes data-driven using automation and an intuitive platform with the right tools, then there’s a fundamental shift. The data flows freely, it’s trustworthy, and it starts to work for you. In fact, it can lead to a transformation, especially with decision-making around your organisation’s finances and business strategy. But how can you reach this point?”

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FP&A Trends: Navigating Uncertainty with Scenario Planning and Predictive Planning

“After careful consideration on how to extract much more value from forecasting activity while spending significantly less time on it, it’s been decided to

1. adopt a driver-based approach to forecasting, model strategic levers and resource allocations; 
2. build an integrated FP&A eco-system through standardising, centralising and integrating core FP&A processes in the FP&A Centres of Expertise.”

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FP&A Trends: Finance Transformation and the Future of FP&A

“While a reliable FP&A function relies on a solid business strategy and a sound financial acumen, at the execution level, the future of FP&A depends on three key building blocks: Digital, Data and Analytics. What are these building blocks and why do they matter from the FP&A perspectives? “

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FP&A Trends: How FP&A can Create Value for the Organisation

“For 12.5% of surveyed organisations, FP&A executives are able to spend 40% or more of their time on high-value activities. As expected, scenario analysis is being used 51% of the time, a 19% increase from 2020.”

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