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FP&A is an evolving function that falls into the intersection of finance, operations and strategy aimed at driving better decision-making trough insightful analysis, forecasting and goal setting. In this blog post I wont focus on the activities that fall into FP&As scope by default, such as budgeting, forecasting and regular analysis.
Recognizing the need to enhance my managerial capabilities, I pursued a Postgraduate Diploma in Management, which equipped me with essential leadership skills. First and foremost is financial acumen—understanding financial reporting, budgeting, forecasting, and compliance is foundational.
Elizabeth Burns, CFO of Gas du Cameroon (GDC), exemplifies this balance, demonstrating how strategic financial leadership can support environmental responsibility. Under Elizabeth’s leadership, GDC has achieved remarkable environmental milestones. Elizabeth Burns: My favorite book is The Maxwell Leadership Bible by John Maxwell.
The most progressive finance teams are investing in business intelligence capabilities, leveraging dashboards, scenario models, and rolling forecasts to guide resource allocation in real time. These tools are not about fancy visuals; they are about surfacing the right insight at the right moment to inform strategic choices.
His career journey, spanning roles in pricing and market dynamics to strategicplanning at BlackRock, shaped his approach to finance leadership. These milestones underscore Nagy’s ability to address immediate financial challenges while positioning organizations for longer-term opportunities.
Verma notes, "In finance, data intelligence can work as pillars to achieve better forecasting, budgeting, and strategicplanning." As finance professionals transition from number crunchers to strategic advisors, the ability to convey complex data insights understandably becomes crucial.
They are dealing with facts, forecasts, and risk. On the other hand, when they are practical, calm, and confident in their explanations, they signal leadership, not just competence. In recent years, particularly in post-scandal South Africa, public and institutional trust has shifted toward companies that show ethical leadership.
By aligning products around buyer personas, he and the leadership team created focused business units—clarifying strategy, enhancing go-to-market execution, and reinforcing finance’s role as a driver of enterprise-wide alignment and strategic identity.
She is driven to deepen her expertise in digitalization, AI, and machine learning , applying them to improve financial wellness and business efficiency and aims for international leadership roles that contribute to the economic development of Africa and values cross-disciplinary collaborations for impactful projects.
Afternoons are a mix of strategicplanning sessions and deep dives into emerging technologies, particularly Generative AI. As a result, users can complete tasks like reconciling accounts, forecasting, while analysing financial data can be completed with unprecedented speed and accuracy. Lunch is a quick but mindful break.
I aim to build a team of skilled professionals who can offer deeper financial insights, strategicplanning, and operational efficiencies that empower our clients to achieve sustainable growth. Start with deepening your understanding of financial planning and analysis, budgeting, and forecasting to support data-driven decisions.
Forecast CBAM impact and budget for compliance The purchase of CBAM certificates carries a significant financial impact. Analysts predict 2030 prices to be around €150, steadily climbing into 2034 when CBAM is planned to be fully implemented. In February 2023, it reached an all-time high at just over €100. TechTarget, Inc.s
Because what we would do is we would parachute into places like British Airways, Montreal Trust Ca Industries, and we were like the external strategicplanning. And we, we would, they would put young people like me and we’d sit next to people and interview them and figure out why projects went to Muck.
Get an accurate, holistic view of every aspect of your business with a single source of truth so you can deliver the financial intelligence your leadership needs to make faster, more confident decisions. With a modern solution, you’ll have a better, more strategic and accurate view of your financial health and performance.
Are you missing StrategicPlanning? Let’s quickly get through the first three items in any strategicplan. That plan will include not just looking at the future, but also planning for the present. A written strategicplan will help guide you to your end goal, and we can help you.
Our business partners, including the CEO, do not have time for a lengthy budget process and outdated forecasts because the market is moving quickly. In addition, finance needs to work in tandem with the company’s digital plans. Change needs leadership to be successful, and the CFO is the logical sponsor of a Finance transformation.
The majority of my time is spent on three main areas: market and customer-facing activities, company leadership and strategy, and maintaining our financial stability, shareholder management, and market position. FW: I am pleased to share that the work I do in collaboration with my colleagues aligns with the solutions provided by Jedox.
Those are all good approaches, but SPM must be holistic and combine those approaches and offer better planning, forecasting, and control of different stages of sales processes. Effective sales incentive models should signal the desired results in light of the overall strategy, such as higher compensation for strategic products.
The list of typical FP&A activities usually includes planning, budgeting, forecasting, analysis, management reporting and performance management. Planning relates to determining the company’s short-term (1-year) and long-term (3-5 years) objectives. This process usually occurs once a year and lasts several months.
Unveiling the 7th Annual CFO Africa: A Showcase of Financial Leadership and Innovation The 7th Annual CFO Africa event was a dynamic gathering of financial leaders, industry experts, and innovative thinkers. Pieter highlighted the importance of fostering collaboration and sharing best practices among CFOs globally.
This is why expense forecasting is valuable for CEOs, CFOs, and other executives when predicting a company's future financial performance. What Is an Expense Forecast? An expense forecast is a prediction of your future business costs. While the idea is simple, creating an accurate forecast is more complicated than it seems.
But not every CFO thrives in the strategicplanning side of their role. ” A McKinsey survey also indicates a gap between “the leadership that CFOs currently demonstrate and what other business leaders expect of them.” Many finance leaders confuse financial planning with strategicplanning.
A common outcome of this mindset is a rationalization on the part of the CEO that they (perhaps along with the CFO) can adequately represent the views of People Ops as strategicplanning commences, check some HR-oriented items off the list themselves, and not bring focused People Operations expertise to the table.
With driver-based planning, companies identify a set of factors that influence their success and model that data to better understand its impact. Managers can then run scenarios with the drivers to improve long-term strategicplanning. Driver-based planning lets businesses focus on key indicators while ignoring the noise.
Turning Goals into a StrategicPlan. A long to-do list or a list of goals is not a strategicplan. Businesses that set goals and try to hit them without an overarching strategicplan can end up wasting resources, pulling their teams in too many directions, and thwarting their own expansion efforts.
Leveraging Data in Nonprofit Leadership How can you use data effectively as a nonprofit leader? After choosing KPIs and their benchmarks, you can start incorporating data insights into strategicplanning. For example, historical financial data can help you with budgeting or creating financial forecasts for your organization.
The “branches” off each decision alternative that result use data analysis to forecast the most likely outcome of each decision. A decision tree is a critical part of strategicplanning because it allows decision makers to analyze the effects of a significant change throughout different areas of the business.
monthly, annual) performance, much more is needed for effective strategicplanning – proactive planning that looks beyond what the business will do in the short term to where you want it to be in five years, ten years, or a similar timeframe. While the Income Statement does provide a view of historical (e.g.,
Quickly compare performance against the plan and find holes and ways to improve. Freeing up time spent on manual budgeting processes gives leaders more resources to spend on strategicplanning and forecasting. Automated budgeting tools don’t just increase leadership’s productivity.
Finance leaders need to adopt new technological advancements to streamline financial planning and analysis, reporting and finance operation process.” Most challenging aspects of finance leadership in 2022 Wong opined that the COVID pandemic led to a sharp inflexion point. Finance is right there in the thick of things.
Rising inflation, COVID surges, interest rate hikes, a dramatic increase in the cost of living, the war in Ukraine, and a potential recession all have business leadership mired in a constant state of uncertainty. Today’s culture is wrought with uncertainty that is absolutely sweeping through every industry.
Pichette's notable contributions to Alphabet's transition from Google improved its operational efficiency and leadership in sustainability initiatives. His expertise and leadership make him a valuable asset as CFO. The CFO's job is to decipher various departmental forecasts to create profit projections for the CEO and shareholders.
Set organizational, strategic, high level goals and targets. Measurement of success and re-forecasting. Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) systems are primarily transactional systems. Cascade goals into functional areas of the organization. Target setting for select business drivers.
Strategicallyplan for the company’s future . Additionally, a CFO’s ability to forecast a company’s financials based on past numbers and projections is arguably the most important piece of the puzzle. Review your business’ financial performance with your CFO prior to making any set-in-stone plans regarding your exit. .
Some may think that makes financial management and strategicplanning in a professional services firm simpler. Visualizing and articulating goals for the business provides an endpoint that one can then walk back year-on-year to chart milestones, build meaningful budgets, and form the basis of the strategicplan.
For the finance team, reforecasting (sometimes called budget reforecasting or financial reforecasting) is the best mechanism for effectively managing changes in strategicplanning throughout the budget year. There is no question of the value that budgeting and forecasting provides an organization. What is budget reforecasting?
Gary takes pride in his aptitude for organizational development, has significant experience as a senior advisor to leadership, and excels in formulating strategies to facilitate the attainment of business targets.
Set up regular “change updates” where the leadership team shares progress, answers questions, and addresses concerns. Adapt Your Leadership Style CFOs must be flexible in their leadership approach during periods of change. Open channels for feedback and questions to ensure everyone feels included in the process.
These offices, sometimes called the Office of Strategy Management (OSM) or Project Management Offices (PMO), handle measures, reporting, strategic projects, alignment, communications, and strategicplanning, which are all under the guise of CPM. New FC Competencies and Their Relation to CPM.
Farhaan Moolla: Innovative Leadership: The Journey of a modern and dynamic CFO Written by: Staff writer In this podcast Farhaan Moolla, a seasoned CFO with a notable career in financial leadership and strategicplanning, shared his journey, beginning with his entrepreneurial family background.
Financial Management and Budgeting : Understanding your numbers, creating realistic budgets, and forecasting for future growth are essential skills for nonprofit leaders. The Importance of StrategicPlanning Sarah stressed the need for both a business plan and a strategicplan. Need help scaling?
Unveiling the Role of FP&A Teams: A Holistic View FP&A teams are responsible for orchestrating financial strategies, facilitating planning, budgeting, forecasting, organizing & transforming data, and driving insightful analysis to improve decisions.
Perhaps your small business is currently operating without a full-time CFO in place and you lack that key financial leadership to inform your business decisions. Here’s more of what a forward-thinking CFO can bring to your business: Help with short-term and long-term planning. Guide company messaging based on future goals.
The Financial Planning 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. Very few, if any, companies can be consistently profitable and grow without careful financial planning and cash flow management.
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