SWTCH by Pigment
Three days of predictions, insights, and advice from leaders in finance, sales, HR, supply chain and more
Register now here
SWTCH by Pigment
Three days of predictions, insights, and advice from leaders in finance, sales, HR, supply chain and more
Register now here
By Ken Fick, President and CEO at Pierce The Fog LLC
Defining what Financial Planning and Analysis (FP&A) does has always been challenging.
Most people place FP&A in the Office of the CFO, which makes sense, for many of us have certainly played the role of CFO a time or two. But business partners, strategists and advisors are also not necessarily a perfect fit. This categorisation may change as our roles continue to expand to become the central hub of corporate analytics and reporting.
According to a recent survey by the Argyle Forum, 40% of the companies looking to transform their FP&A model stated that increasing collaboration between the finance team and other departments is the most common end goal. Why is that? Is it because when Finance is involved, better decisions are made, costs are controlled, and growth initiatives are enacted? Possibly?
Below I have provided three common traps and five tips to help you increase collaboration between finance and other parts of your organisation.
The following article was originally published on FPAexperts.com and has been republished with permission.
As the founder of Pierce The Fog, my mission is to help those in the world of corporate finance find answers, make decisions and move businesses forward.
With a background in accounting, management consulting, financial reporting, corporate finance and investing, I write from the perspective of a battle tested corporate insider that utilizes the knowledge gained from years of experience working in the internal operations of various companies helping them turn their business ideas into reality in order to provide actionable insight to readers.
Look for my commentary to be insightful and clear, helping readers decode the complex world of finance and distil it into readable, actionable knowledge.
The below article summarises an approach developed throughout the years of my work and explores ways...
We will regularly update you on the latest trends and developments in FP&A. Take the opportunity to have articles written by finance thought leaders delivered directly to your inbox; watch compelling webinars; connect with like-minded professionals; and become a part of our global community.