More Data ≠ Competitive Advantage: Using Business Intelligence to Drive Revenue and Profits

In today’s business world one constantly hears that to compete one needs to understand and use technology to one’s advantage.  This is also true in the Financial Planning and Analysis (FP&A) world and we constantly hear about the various technologies and tools we should be using that will make forecasting easier, more accurate and beneficial…

Zero-Based Budgeting – Piece of Coal to Rising Star

Zero-based budgeting has been the unwanted stepchild of the financial planning and analysis (FP&A) world for decades. Chief Financial Officers would lie to their friends about how they budget and say they do cool things like rolling forecasts, beyond budgeting or at the very least incremental budgeting at cocktail parties but NOT zero-based budgeting which was…

5 Views of Risk: How Big is Your Ocean of Financial Risk

“BUSINESS IS ALL ABOUT RISK TAKING AND MANAGING UNCERTAINTIES AND TURBULENCE.” BY GAUTAM ADANI, BUSINESS TYCOON   Late this September, the movie, Deepwater Horizon will appear in theaters. The high level of interest in this release can be recognized, with over five million movie trailer view from YouTube.   What could engage so many viewers in this…

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…

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…