FP&ASenior ExecutiveThe NeuGroup Insights Interview
October 6, 2022

FP&A’s Role in Making Finance an Indispensable Business Partner

General Mills CFO Kofi Bruce’s vision of FP&A and finance: NeuGroup’s Strategic Finance Lab podcast, episode 8. In a world with growing volatility, uncertainty, complexity and ambiguity, also known as VUCA, so grows the importance of finance organizations that can accurately see what’s coming down the pipeline, understand how that will impact the company and how to adjust. And the skills FP&A brings to the table are critical to succeeding in that mission. In the latest Strategic Finance Lab podcast episode,…
Cash & Working CapitalFP&AThe NeuGroup Insights Interview
September 22, 2022

Keys to Cash Flow Sustainability: Fresh FP&A’s Chris Ortega

An expert’s take on why managing cash burn and liquidity today is more critical than ever for finance organizations. In a video clip you can watch by clicking here or hitting the play button below, recognized FP&A authority and influencer Chris Ortega shares valuable insights on why treasurers, leaders of FP&A and CFOs managing risk in this time of economic and market volatility need to be “laser-focused” on building paths to cash flow sustainability and optimization. Mr. Ortega today is leveraging his extensive background…
FP&ASenior Executive
August 11, 2022

Business Partnering Must Be a Full-Time Job

To prepare for increasing demand for business decision-making support, FP&A needs to review its business partnering model. When the business landscape is foggy, FP&A shines. Facing a period of economic and market volatility, FP&A leaders are preparing to provide more hands-on support to the business: A recent survey of NeuGroup’s Mega-Cap and Large-Cap FP&A peer groups showed that 100% of members anticipate (or are already sensing) a rise in demand for help from business leaders. Operational leaders are going to ask a lot more…
Cash & Working CapitalFP&AThe NeuGroup Insights Interview
July 28, 2022

How the FP&A Team at WM Is Preparing for Recession

Looking back, looking forward: WM’s Eric Davis on how data and analysis guides planning as the economy weakens. How do the best financial planning and analysis (FP&A) teams rise to the current, critical challenge of planning, budgeting and guiding corporate leaders in periods of high uncertainty and volatility as recession fears mount? To answer that question, we turned to Eric Davis, vice president of finance at WM, formerly known as Waste Management. Listen to his response by hitting the play button…
FP&ATechnologyThe NeuGroup Insights Interview
July 14, 2022

NeuGroup’s Strategic Finance Lab Podcast, Episode 5: Planning For a Recession: An Interview with WM’s Eric Davis

Step into a lab where innovation and digital transformation empower senior finance executives to become true strategic partners. The likelihood of a US recession is raising the stakes for finance executives whose responsibilities include planning, forecasting and budgeting. And a critical first step to prepare for the future is to learn from the past. That’s among the takeaways from this podcast interview with Eric Davis, a vice president of finance at WM, the company formerly known as Waste Management. Mr.…
April 28, 2022

Technology as the Backbone of Change

The importance of harnessing big data and implementing a holistic solution to drive finance transformation and process optimization. The pandemic exposed the deficiencies in many companies’ planning processes and technology infrastructures. As events unfolded at a breakneck pace, FP&A leaders were expected to deliver quick insight to support critical strategic decisions. However, many were hampered by a lack of data visibility and inflexible and suboptimized forecasting and planning processes. According to members of NeuGroup for Large-Cap Heads of FP&A, which met in Atlanta…
March 3, 2022

Crunch Time: Extreme Uncertainty Raises the Stakes for FP&A

To become strategic business partners, FP&A leaders must provide data-driven insight to support critical decisions.Like the pandemic, the crisis in Ukraine is forcing companies to rethink their business and financial plans. While the worst financial repercussions of the sanctions are within Russia, the impact of the crisis goes far beyond. Spikes in oil prices and inflation are throwing into question companies’ annual budgets, changing forecasting assumptions and making it imperative that FP&A realizes its potential as a strategic advisor to the…
January 4, 2022

Moving Finance Beyond Resiliency in 2022 Amid the New New Normal

How to approach finance this year while addressing unknowns and going beyond best practice, toward innovation.By Nilly EssaidesIn 2021, finance organizations focused on building their companies’ capacity to withstand shocks and bounce back. They automated existing processes so they can be executed remotely and with fewer staff. They forecasted more frequently. They continued to pile up cash (see companion piece by NeuGroup founder and CEO Joseph Neu). They integrated planning activities and embraced scenario analysis to account for a lack of relevant…
FP&ATreasury Management
December 1, 2021

Bridging the Gap Between Treasury and FP&A 

By Nilly EssaidesTechnological advances are fueling the convergence of once-disparate finance processes, as they increasingly rely on the same tools to execute critical processes. In addition, faced with continued disruption in business, economic and financial conditions, CFOs expect finance organizations to contribute greater value through faster and more insightful decision-support. To do so effectively, legacy silos among different areas of finance must be dismantled. Going Beyond Best Practice to Process Innovation Nowhere is the need to bridge barriers more urgent than…
October 28, 2021

Forecasting in the Fog: FP&A Teams Become a Lighthouse—And a Rudder

With supply chains still in flux and Delta not quite in the rearview, FP&A teams need to shine a brighter light on future developments.The pandemic rendered most corporate budgets and forecasts obsolete, and FP&A had to quickly step in to provide some visibility into future performance.  According to peer group leader Brian Kalish, the Covid-19 pandemic was like “a bank of fog rapidly and unexpectedly engulfing a ship at sea.” Teams must now find new ways to pilot the ship…