Inflation and recession are creating chaos for most businesses in the world right now. In this article, we will explore some of the macroeconomic theories driving the current inflationary environment. These theories will allow you to understand, model, and advise your company on its options for addressing chaos and uncertainty.
The first after-pandemic meeting of the International FP&A Board in Amsterdam was held on the 11th of October, 2022. Senior finance professionals met to discuss key lessons learned from the pandemic and how FP&A needed to adapt and reinvent itself.
In a world of irrelevant budgets and inaccurate forecasts, scenario management has a vital role to play. Traditional planning approaches, which account for a single possible future, are no longer viable in a world dominated by uncertainty.
Instead, organizations must face the prospect of multiple futures, driven by an ever-changing business environment, beset by unpredictable events. It is only by adopting a fast and agile scenario management process that organizations can steer their way towards achieving their short and long term goals.
Organizations that implement scenario management framework are in a much better position to handle uncertainty.
At the webinar, we looked at the examples and key success factors for scenario management implementation.
This paper covers the findings of our sixth annual FP&A Trends Survey, where we share the trends and challenges facing FP&A departments around the world. The survey was performed at a time where organisations were looking to recover from the pandemic when many were trying to figure out how to operate in a changed business world.
Scenario management offers solutions to many of the disadvantages of traditional planning practices. It allows organisations to assess what lies beyond the ‘span of predictability’ and account for multiple possible futures.
This FP&A Trends webinar covered the findings of our 6th annual FP&A Trends Survey, where we tried to discover the latest trends and challenges facing FP&A departments around the world.