Powering up the ‘A’ in FP&A

For global organizations, maintaining a robust cashflow has become an arduous process amidst the changing business atmosphere. The onset of Covid-19 and rising geo-political tensions have added to the uncertainty in the global financial world.

To address and overcome the financial uncertainty and to facilitate smart decision-making for senior management in order to achieve financial stability and growth, the role of Financial Planning & Analysis (FP&A) has become more crucial for long term success.

To elaborate and discuss more on the growing importance of the FP&A function, Nexdigm alongside the Institute For Robotic Process Automation & Artificial Intelligence conceptualized an exclusive webinar focusing on improving insights from analytics.

Marc Lessem, Senior Executive Director, North America Sales & Marketing and Vivek Tewari, Executive Managing Director, Business Services and Entity Set-up & Management, spoke at length about the evolution of the FP&A function. They also discussed the key challenges faced by the organization and CFO leaders while delving into the strategies to achieve the full potential of the FP&A function.

Marc and Vivek also spoke about establishing a strong FP&A framework while stating the three key pillars of the framework, viz. bandwidth, competence, and partnership. During the webinar, they also mentioned the importance of automating routine tasks through technology as well as analyzing and presenting key data with the help of interactive real-time dashboards.

Moreover, the speakers highlighted the importance of integrating and implementing the use of modern technologies in the FP&A functions while sharing key insights on how to accelerate the ‘A’ in the FP&A function to promote and scale efficiency in business operations.