- Financial Planning and Analysis Leaders are Failing to Deliver Higher Strategic Value
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- Prophix Software findings from the survey, Defining the Evolution of FP&A: Benchmarks, Challenges & Opportunities highlighted room for improvement. The survey included feedback from over 300 FP&A leaders from all companies of all sizes across the globe. The survey was conducted to establish the maturity of analytics solutions across the globe, the effectiveness and efficiency of FP&A leaders’ planning processes, how companies are leveraging technology to improve FP&A processes, and to gauge internal perceptions relative to the value of FP&A.
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Take Assessment Watch Video- CFO Talk: Data-Driven Decisions: Unlocking the Power of Analytics in FP&A Part 1 of 2
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- If you thought the wildest thing to happen to a finance department was a spreadsheet with color-coded tabs, think again. On the latest episode of CFO Talk: Data-Driven Decisions: Unlocking the Power of Analytics in FP&A” host Steve Rosvold and guests Bryan Lapidus (Director of FP&A Practice at AFP) and Prashanth Southekal (Founder, DBP Institute) embark on a lively expedition into the jungle of digital transformation in finance.
- One Big Thing Finance Professionals Need To Deliver Value
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- There are two types of accountant and finance professional, those that ensure the appropriate controls and compliance are in place so that the numbers are accurate and consistent – let’s call this preserving value, and then there are those who are coming out from behind their desks, engaging with the business on meaningful problems, solving them, being a trusted sparring partner and financial mentor – let’s call this creating and capturing. How do we make sure we have the opportunity to be the latter?
Governance & Controls – structure and controls.
Transaction Recording – systems, transaction processing and closing the books.
Reporting - efficient, timely and accurate information for decision making and meeting compliance requirements.
Accounting
Business Planning - provide the financial roadmap for the company with supporting analytics.
Financial Forecasting - integrate the company’s current performance relative to budget with the real-time business environment.
Investment Analysis - the framework to analyze new opportunities as they present themselves.
Finance
Cash Management - the discipline to ensure cash is available to operate the business normally.
Funding - Planning for and raising funds to meet the needs of the business.
Risk Management – Identification and mitigation of key business risks.
Treasury
Self-Awareness - Internal.
Team Building - External.
Strategy & Culture – Motivate people to follow you.
Leadership
Four Pillars of Executive Expertise
CFO.University is built around the Four Pillars of CFO Success. These Pillars are supported with Core Competencies. Our framework allows you to master your role as a senior financial officer. The Four Pillars are made up of:
Accounting – Governance & Controls, Transaction Recording and Reporting
Finance – Business Planning, Financial Forecasting and Investment Analysis
Treasury – Cash Management, Funding (Capital Raising) and Risk Management
Leadership – Self Awareness, Team Building and Strategy & Culture
