President, CEO of FPAexperts.com and Director at MorganFranklin Consulting, Inc, Mr. Fick is senior finance leader that brings ideas from concept to execution. A frequent speaker and author on topics such as budgeting, forecasting planning, technical accounting, business improvement, and optimization.

Defining FP&A to a Stranger at a Cocktail Party

It seems like Financial Planning and Analysis (FP&A) is the jack-of-all-trades and the master of most others. FP&A answers strategic questions, forecasts for the future, ensures a timely accounting close, prepares board reporting packages, preps the executive team, divests a division, analyzes product line profitability, performs due diligence on an acquisitions and oh yeah does…

5 Pitfalls That Can Kill Your Financial Forecast

Most large organization spend a considerable amount of resources performing some type of financial forecasting. Conversely, small and medium-sized businesses spend less time on planning for the future. Larger organizations have more to lose, therefore, the need to actively assess changes in the market to take advantage of opportunities or avoid risks becomes a more…

Studies Show Increasing Financial Forecast Accuracy Will Save Your Company $ Millions! Here’s How

Various studies show that increasing financial forecast accuracy will lead to higher profits, lower inventory levels and a higher share price. By how much varies by industry, time period forecasted, forecast measure, business model and a myriad of other factors that all play into the financial forecast itself. With the speed of business constantly increasing,…

Creative Way to Improve Your FP&A Departments Performance

The Association of Financial Professionals (AFP) recently released a guide to its members entitled, “FP&A Organizational Structure: Trends and Best Practices”.  It states the three basic structures of FP&A: Centralized, decentralized and hybrid.  With the increased volatility being seen in every market due to the increased pace of change caused by technology, social and demographics…

3 Power Packed Projects That Partner Finance With Sales to Improve Company Performance

With a constant focus on the bottom line, many finance professionals have a difficult time understanding why sales and marketing cannot make the numbers they promised.  Working in sales is hard work and is not about just taking prospects out to fancy dinners and lunches to build relationships.  In addition, customers are fickle, inconsistent and…