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❓ Which FP&A team role is the most vital for a business?   The importance of FP&A Team roles may vary across organisations, but Garrett Dennie, CFO at Knix and Toronto FP&A Board member, believes that FP&A Connectors are crucial for any company's success.   🎯 In his insightful presentation at one of our recent webinars, Garrett outlined how this role can bridge the gap between operational planning and execution, streamlining the budgeting process. Drawing examples from his extensive career experience, Garrett showcased the benefits of having an FP&A Connector in your team.   ▶️ Watch this video to discover the hidden potential of this role: https://lnkd.in/djmtekF8   #fpatrends #teambuilding #fpateam

Check out my article about the 5 pillars of building the winning FP&A team Thanks to Larysa Melnychuk and FP&A Trends Group for giving me this opportunity. https://lnkd.in/d3TU7ADJ

Looking to scale your FP&A? While it won’t happen overnight, there are clear steps you can take to up-level your team, processes, and systems. Swipe through our tips on getting started, then get the full (free!) guide on growing a top-notch FP&A team through the link in comments 👇

🔍 𝗚𝗲𝘁𝘁𝗶𝗻𝗴 𝗶𝗻𝘁𝗼 𝗙𝗣&𝗔: 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝗔𝘀𝗶𝗳 𝗠𝗮𝘀𝗮𝗻𝗶 🔍 What are the key skills I need to transition from accounting to FP&A? Join me as Asif Masani, FP&A expert and author, unravels this mystery. 𝗧𝗵𝗶𝘀 𝗶𝘀 𝗼𝗻𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗺𝗼𝘀𝘁 𝗰𝗼𝗺𝗺𝗼𝗻 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀 𝗜 𝗴𝗲𝘁. Want to know how Asif answers it?... Asif's extensive experience across industries like banking, pharma, and Edtech brings valuable insights. In our highlight clip, he emphasizes the importance of understanding your business's core to excel in FP&A. This understanding forms the foundation for generating actionable insights and forging strong relationships across different business units. 🌟 𝗛𝗲𝗿𝗲'𝘀 𝗮 𝘀𝗻𝗲𝗮𝗸 𝗽𝗲𝗲𝗸 𝗶𝗻𝘁𝗼 𝗼𝘂𝗿 𝗱𝗶𝘀𝗰𝘂𝘀𝘀𝗶𝗼𝗻: 1. 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗔𝗰𝘂𝗺𝗲𝗻: Know your business inside out to make informed decisions. 2. 𝗜𝗻𝘀𝗶𝗴𝗵𝘁 𝗚𝗲𝗻𝗲𝗿𝗮𝘁𝗶𝗼𝗻: Turn data into actionable insights for better decision-making. 3. 𝗥𝗲𝗹𝗮𝘁𝗶𝗼𝗻𝘀𝗵𝗶𝗽 𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴: Foster connections across various business teams. 📈 Remember, in FP&A, it's not just about numbers; it's about understanding the story behind them and how it impacts every aspect of the business. How do you apply these principles in your FP&A role? Share your experiences or questions below! 𝗪𝗮𝘁𝗰𝗵 𝘁𝗵𝗲 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁 𝗰𝗹𝗶𝗽 𝗵𝗲𝗿𝗲: https://lnkd.in/eRCAKHrR #FPAndA #BusinessInsight #FinanceProfessionals

Things that don’t matter in FP&A: - Covering every metric in your presentation. (Adds noise, not insight.) - Building a perfect financial model. (Likely unfinished by decision time.) - Winning every disagreement with partners. (It damages relationships.) - Forecasting with 100% accuracy. (Projections quickly become outdated.) - Explaining 100% of variances at month-end close.(Leads to analysis paralysis.) Things that really matter in FP&A: - Focusing efforts on high-impact analyses - Providing actionable insights to guide decisions - Building models that are accurate enough to support goals - Developing forecasts that capture key trends and variances - Fostering partnerships through constructive communication Takeaway? 20% of the work can generate 80% of the value. But the last 20% requires 4x the effort and is rarely worth it. The 80/20 principle applies to FP&A. It's an important mindset shift. And perfectionism (100%) can limit success in FP&A. Let's avoid analysis paralysis and noisy data. Instead, provide focused insights that create real business value. P.S. I'm Julio Martínez, founder of Abacum. Follow me for daily FP&A, CFO, and founder insights.

🎧 "𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝗶𝘇𝗶𝗻𝗴 𝗙𝗣&𝗔 𝘄𝗶𝘁𝗵 𝗦𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲: 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝗔𝗻𝗱𝗿𝗲𝘄 𝗖𝗵𝗶𝗹𝗱𝗿𝗲𝘀𝘀" 🎧 Think structure stifles creativity in FP&A? Think again. Meet Andrew Childress, an expert in marrying structure with creativity in financial planning. As a seasoned FP&A Solutions Consultant at Datarails, Andrew brings a unique perspective to the table. Discover how structured processes can be the bedrock of innovative FP&A practices. Andrew's philosophy aligns with the 'Awareness' aspect of our CLEAR framework. Being aware of the structure in your financial models and workbooks paves the way for more creative, impactful financial analysis. 📘 𝗞𝗲𝘆 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝗼𝘂𝗿 𝗰𝗼𝗻𝘃𝗲𝗿𝘀𝗮𝘁𝗶𝗼𝗻: 1. 𝗦𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲𝗱 𝗖𝗿𝗲𝗮𝘁𝗶𝘃𝗶𝘁𝘆: Embrace structured processes to fuel creativity in FP&A. 2. 𝗖𝗼𝗹𝗼𝗿 𝗖𝗼𝗱𝗶𝗻𝗴 𝗘𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆: Implement consistent color-coding for easier navigation. 3. 𝗖𝗼𝗴𝗻𝗶𝘁𝗶𝘃𝗲 𝗟𝗼𝗮𝗱 𝗥𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻: Simplify tasks to focus on high-impact activities. Remember, structure in FP&A is not a constraint; it's a launchpad for creativity and efficiency. How do you integrate structure in your financial planning? Join the discussion and share your strategies! Watch the highlight clip here: https://lnkd.in/g2JBqRAW #FPandA #FinancialPlanning #Awareness 🗨️ Drop your thoughts in the comments!

🎧 "𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝗶𝘇𝗶𝗻𝗴 𝗙𝗣&𝗔 𝘄𝗶𝘁𝗵 𝗦𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲: 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝗔𝗻𝗱𝗿𝗲𝘄 𝗖𝗵𝗶𝗹𝗱𝗿𝗲𝘀𝘀" 🎧 Think structure stifles creativity in FP&A? Think again. Meet Andrew Childress, an expert in marrying structure with creativity in financial planning. As a seasoned FP&A Solutions Consultant at Datarails, Andrew brings a unique perspective to the table. Discover how structured processes can be the bedrock of innovative FP&A practices. Andrew's philosophy aligns with the 'Awareness' aspect of our CLEAR framework. Being aware of the structure in your financial models and workbooks paves the way for more creative, impactful financial analysis. 📘 𝗞𝗲𝘆 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝗼𝘂𝗿 𝗰𝗼𝗻𝘃𝗲𝗿𝘀𝗮𝘁𝗶𝗼𝗻: 1. 𝗦𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲𝗱 𝗖𝗿𝗲𝗮𝘁𝗶𝘃𝗶𝘁𝘆: Embrace structured processes to fuel creativity in FP&A. 2. 𝗖𝗼𝗹𝗼𝗿 𝗖𝗼𝗱𝗶𝗻𝗴 𝗘𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆: Implement consistent color-coding for easier navigation. 3. 𝗖𝗼𝗴𝗻𝗶𝘁𝗶𝘃𝗲 𝗟𝗼𝗮𝗱 𝗥𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻: Simplify tasks to focus on high-impact activities. Remember, structure in FP&A is not a constraint; it's a launchpad for creativity and efficiency. How do you integrate structure in your financial planning? Join the discussion and share your strategies! Watch the highlight clip here: https://lnkd.in/g6ECu5pp #FPandA #FinancialPlanning #Awareness 🗨️ Drop your thoughts in the comments!

Principles of smart work in FP&A

Ready to know the revenue potential of your FP&A team? Swipe now for the guide to modern FP&A and discover how to transform your team into a growth engine! #financialanalysis #FPA #businessfinance #modernfinance #strategicfinance #financialinsights #datadrivenfinance #financialplanningandanalysis