The New York FP&A Board: FP&A Business Partnering
The third New York FP&A Board was debating on FP&A Business Partnering this March. It happened just a day after the unexpected winter storm. Despite the harsh weather conditions and some related last minute cancellation, the meeting was well attended and was a great success. 20 senior finance professionals exchanged their knowledge and expertise. Each of them represented a company such as Avon, Siemens Healthineers, Sterling Talent Solutions and others.
Once again, the subject of FP&A Business Partnering proved to be very high on the senior finance practitioners agendas. It is no surprise, as the research carried out by the Carnegie Institute of Technology shows that 85 percent of your financial success is due to skills in “human engineering,” your personality and ability to communicate, negotiate, and lead. You can learn more about this hot subject on our website.
- The discussion led to several key highlights which can be valuable to any professional interested in this topic:
- FP&A Business Partnering is different from Finance Business Partnering: it is more strategic and influential in essence;
- The true value of an FP&A professional has shifted away from the “what happened” to “what should happen” and “how to execute change”;
- Challenging the status quo of the business with an emphasis on shaping the future strategic direction is one of the important tasks.