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The growing variety and complexity of tasks within the finance function has resulted in the creation of a discipline that is supposed to become a bridge between the finance and business to support decision-making process by leveraging data and technology. This relates to FP&A which stands for financialplanning and analysis.
FinancialPlanning and Analysis (FP&A) teams play a crucial role in companies by performing budgeting, forecasting, and analysis that support major corporate decisions of the CFO, CEO, and the Board of Directors. How things have changed for the FP&A teams.
I had a chance to connect with Nilly Essaides , the Director and Practice Lead, FinancialPlanning & Analysis (FP&A) at the Association for Financial Professionals. Here’s what she had to say about what’s new and what’s coming in FP&A.
The FinancialPlanning and Analysis ( FP&A ) team performs budgeting, forecasting, and analysis that support major corporate decisions of the CFO, the CEO, and the Board of Directors. Read more about the role of the CFO." FP&A professionals are unique in the finance organisation.
Last month, I wrote an article about the FP&A function of the CFO suite ( link ). For this piece, I’ll dive into a tactical analysis that is important to every CEO and CFO, the budget vs actual variance analysis. How does the CEO/CFO act on this information? Why is sales efficiency down?
Collaboration between financialplanning and analysis (FP&A) and business and operations teams when forecasting and planning is greater in organisations within Asia Pacific than those in North America and multinationals, said the Association for Financial Professionals (AFP) recently when releasing results of a survey.
It has been said that change is the only constant, and in the corporate world, this is especially true when it comes to the , CFO position. CFO moves often spark internal and external rumors and can draw the attention of investors and short-sellers. Kennedy was previously the CFO at Canadian retailer Roots since 2020.
Editor’s note: For our Female Leadership in Finance Series, FutureCFO editor Teresa Leung recently had a chat with Sereen Teoh (pictured below), CFO at BIG Loyalty. Sereen Teoh, CFO, BIG Loyalty. When did you start to become interested in finance? And now I'm the CFO of BIG Loyalty, owned and managed by BIGLIFE Sdn.
“Spreadsheet” can be a four-letter word in corporatefinance, but analysts say professionals continue to rely on the manual tool for everything from reconciliation to payroll. Two years ago, 78 percent of CFOs said proficiency in Excel is the most important skill for their financialplanning and analysis (FP&A) teams.
Leslie Joseph , principal analyst at Forrester , believes companies must go beyond compliance checkboxes and implement robust data governance in connection with the release of the EU AI Act, as regulations will evolve, but finance teams that embed strong data and AI governance today will gain a long-term competitive edge.
CFOs play a vital role in informing the board’s corporate governance. It’s the CFO’s responsibility to consider the best interests of both the organization and its stakeholders when evaluating the company’s finances. From there, you can decide how to leverage your financial acumen and recommend the best way forward.
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