Operational plans are crucial to any business; without them, a company would have no way to analyse the efficiency of the operations that keep it running. Unfortunately, however, properly gauging the effectiveness of your operational plans is extremely difficult if they aren’t integrated with company strategy.
While the holiday season is, for many, one of the most wonderful times of the year, it can also be extremely stressful. Hanging decorations, writing Christmas cards and, of course, buying and wrapping gifts, can easily add up to turn Christmas and New Year’s into an organisational nightmare.
Driver-based planning is far from a new concept, but it never ceases to amaze how many organisations are still stuck in traditional budgeting and forecasting routines.
Most people traditionally think of HR and Finance as two very different company departments; the former handles the organisation’s workforce, while the latter handles its finances. However, the two are more closely connected than you might think.
FP&A is about much more than crunching numbers, it is about driving better business decisions and helping steer the company ship in the right direction.
FP&A has traditionally been a trunk-of-the-car operation, focused on producing numbers, analysing them, and sending out reports and analysis to key company stakeholders/decision makers.
This year, we wrapped up our first instalment of the Apliqo FP&A Masterclass with Jack Alexander. With over 40 years of experience, Jack walked us through everything from the imperatives of COVID-19 to how to implement key FP&A best practices such as Scenario Planning, Rolling Forecasts, and more.
As finance professionals, one of our biggest challenges is helping organisations prepare for the future. Unfortunately, even the biggest finance departments still aren’t equipped with crystal balls allowing us to see 3, 6, or 12 months ahead of time.
5 things that’ll make you a better FP&A Professional after joining our Masterclass with Jack Alexander
This year, we were proud to launch the first instalment of our exclusive Masterclass series with CFO turned advisor, author, and business coach, Jack Alexander.
FP&A is getting a major makeover. Rather than just pumping out quarterly reports and other finance formalities, CFOs and finance professionals are expected to take on far more strategic roles at their organisations.