Save Time and Money: Best Practices For Driver-Based Budgeting & Planning

In many organizations, there exists a disconnect between strategy and execution with the missing piece being the lack of an effective budgeting and planning processes. The budgeting and planning process is the gear that converts the potential energy held with the strategy to the kinetic energy of execution within operations. However, the traditional budgeting and…

Roll On Roller Coaster – The Rolling Forecast Budgeting Process

Agility is a key feature of any successful organization. The ability to adapt to changing circumstances without compromising on efficiency or profitability can pave the way to long-term growth and sustainability. One effective way in which businesses can become more dynamic is adopting a rolling forecast. Generally, every business follows some model of projection when designing…

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…

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…