The Rolling Forecast Philosophy: Time to Abandon the Budget?

By Ernie Humphrey, CEO at Treasury Careers

Rolling Forecasts are an essential tool for financial planning and analysis (FP&A), with the potential to radically transform the traditional corporate budgeting process. If implemented properly, a rolling forecast expands planning horizons, reduces planning cycles, and helps in executing organizational strategies. 

I hear you want to be an FP&A professional. Well then you need….

By Amrish Shah, Snr Finance & Operations Director, The Netherlands

Yes, exactly. What does it take to become a good or even great FP&A professional? Beyond the more technical elements required, for example, an affinity with numbers (not unimportant!), with information systems and so forth.

What I want to list is in my experience those QUALITIES that I have found in people who I have worked with, worked for and who have worked for me in an FP&A domain that I found to be particularly effective in driving the FP&A agenda forward within their responsibility domain. I deliberately do not want to use either the word skills nor competencies, as these two words are fraught with misunderstanding and tend to create more confusion then clarity.

Address the 6 key challenges in creating value from your data

By Ian Yates,  Managing Director at Barcanet

To create value from data, you do need a big data strategy – right?

Well, actually, probably not.  According to Gartner, the ‘all-encompassing data strategy’ fails around 60% of the time.  In fact, Gartner have even stopped publishing a Big Data ‘Hype Cycle’ (their measure of maturity and adoption of technologies).

 

Fractal FP&A: How to Apply the 80/20 Pattern

By Karl Kern, Founder/President, Kern Analytics LLC

As a word fractal is not frequently used in conversation.  As a concept fractal is frequently present in our lives.  Its presence is evident in nature.

The concept of a fractal was established in large part by the work of Benoit Mandelbrot, a mathematician whose work covered a wide and diverse number of disciplines.  Perhaps the most notable example of how he established the concept of a fractal was his study of England’s coastlines.  What his study identified was sections of England’s coastlines resembled the coastlines as a whole.  This resemblance has been labeled self-similar.  Self-similar, or self-similarity, has affected a number of studies related to science.  Self-similarity is not restricted to science.  Self-similarity exists in FP&A which I saw first-hand.

FP&A Business Partnering: Becoming Strategic and Influential

By Ernie Humphrey, CEO at Treasury Careers

I recently had the honor of moderating a global webinar focused on how Finance leaders can leverage FP&A business partnering to impact performance across the enterprise. The featured speakers delivered nothing short of compelling experiences and insights. Larysa Melnychuk, the founder and managing director of FP&A Trends Group, shared her insights and experiences in moderating International FP&A board seminars across the globe. I doubt anyone has had as much face time with FP&A leaders across the globe than Larysa over the past 4 years. Ander Liu-Linberg shared his experiences and insights relative to the ground-breaking finance transformation that has taken place at Maersk over the past ten years. I wanted to share just a few of the great insights and take-aways they offered to our webinar attendees.

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