As we enter a period of recession and higher-than-normal inflation, everyone is scrambling to identify how it might affect their businesses and what they can do the manage the impact. This is a challenging exercise because we don’t really know how persistent this inflation will be and what ancillary effects might come as part and parcel of the macroeconomic shock. As such, companies should be preparing for all scenarios and that’s where a sophisticated FP&A tool like Apliqo FPM can be so useful.
If you were to chart the changes in accounting and financial reporting regulation over the past 20 years, you would see a staggering increase in complexity. In what was already a highly-regulated industry, we’ve seen further administrative and structural obstacles placed in front of large corporations that are supposedly there to protect the integrity and accuracy of financial information – for the good of the stakeholders.
When you’re first approaching any new FP&A system implementation, it can be very overwhelming. There is a lot to get right and the decisions you make early on will have an outsized impact on how the entire system works for you over the long term. Worst case a poor initial decision can have lasting consequences which you will need to live with.
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.