While the role of FP&A and its organizational structure can vary by industry and company maturity, it should fit with the way leaders make decisions. The key is for the function to provide the services to match and anticipate the particular organization’s needs. As part of your duties, you’re used to looking to the future in your business dealings – but you should also apply that forward-thinking mindset to your FP&A function itself. Discover three ways to do so as we gear up for the summit.
In order to deliver a competitive advantage to a company, modern FP&A functions need to be flexible and dynamic, be based on sophisticated analytics, examine life-time values of the products, and encourage business partnering. This significant change in the role of FP&A function requires big cultural shift and modern change management techniques. Forward-thinking Larysa Melnychuk and founder of the FP&A Club lays down the path in which the industry is headed and brings up 5 trends to look out for.
With companies now focusing on innovation as a core strategy to deliver revenue growth and margin improvements, Financial Planning & Analysis (FP&A) organizations need to rise to the challenge and pursue broad transformation in Enterprise Performance Management (EPM) and business intelligence, according to 2014 EPM Key Issues research from The Hackett Group, Inc. Read more!