Encore: Driving Emphasis on Analysis for Finance: Focus on Automation Tuesday, January 17, 2023

The Buzz 1: “As specialized tools and technology have emerged, the role of CFO has evolved. CFOs of companies large and small need to embrace flexibility, develop global strategies, and shift their focus to look forward rather than back.” (www.teampay.co/insights/cfo-quotes/) The Buzz 2: “When you are a successful company, you have to fight really hard to make sure you avoid complacency, arrogance, bureaucracy.” (Marianne Lake, CFO of JPMorgan Chase) The Buzz 3: “The CFO needs to be supported by a strategic FP&A team that is excellent at all levels… a team that is prepared for where the company is going—not where it’s been.” (Jim Johnson, Former CFO of Adaptive Insights) Amid globally turbulent times, today’s Financial Planning and Analysis (FP&A) function is striving to spend less of its time “Planning” and more time delivering value-added “Analysis” to its business constituents. How? Finance and its IT support teams need to focus on the future, utilizing the available modern tools – Artificial Intelligence, Machine Learning, Analytics and Collaboration. Similar to the automotive industry working to deliver safe, self-driving vehicles, FP&A needs to “feel the need, the need for speed” [quoting Lt. Pete ‘Maverick’ Mitchell in the Top Gun films] to drive automated or, even better, autonomous planning. What steps can your FP&A team take to harness technology today in order to optimize their time delivering the best possible analysis to your organization tomorrow? We’ll ask Finance professionals Paul Davis at Analysis Prime, Colin Chu at SAP and Nilly Essaides at NeuGroup for their take on Driving The Emphasis on Analysis for Finance: Focus on Automation.