Brief thoughts on FP&A best practices
Translate strategy into tactical plans – strategy should cascade to actions
Build flexible models – deliver the numbers to enable data-driven decision-making
Identify the connection between operational plans and financial results – monitor progress
Have the story behind the numbers – understand the root cause
Identify the success drivers and measure them – develop the right KPI
Use rolling monthly forecasts – more agile than annual planning
Build strong relationships – provide valuable information
Headcount growth – determine relative headcount ratios
Automate wherever possible – defining your data infrastructure will be key
And more…
For further discussion and how these can be implemented in your organization, contact me