Beyond budgeting

Is this the brutal truth about FP&A and FBP?

80-90% plus of what FBPs do is not finance business partnering. Why? Because it’s reporting, forecasting or budgeting. Which are FP&A activities. Soon to be largely taken over by robots. The future of FP&A is not business partnering. The future of FP&A is automation, significant job losses and falling wages as supply outweighs demand. Finance…

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The fallacy of forecasting

As finance people we probably already know that focussing the future is more important than the reporting the past. After all we can’t change the past. The problem is that finance focussing on the future often means forecasting it. And trying to get better at forecasting it. There are a few potential problems with this…

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