prevero Blog

Building the FP&A brand

Thursday, 16 August 2018

Building the FP&A brand

The role of FP&A is becoming more important than ever. FP&A is seen as instrumental in helping organisation formulate strategy and drive performance. However, how does FP&A function go about building its brand?

Written by Simone da Silva Collins

KPI – friend or foe?

Tuesday, 14 August 2018

KPI – friend or foe?

When we talk about performance measurement, KPIs is a common tool.  It can be a financial measure or an operational measure. However, in recent years, KPIs seem to have fallen out of favour because it fails as a useful indicator of business performance. Consumers, investors and stakeholders are interested in other measures which show the organisation is fulfilling its responsibility as a good corporate citizen. Should we abandon KPI? I believe KPI is still a useful tool but we must take good care when choosing and designing KPIs so as not to fall foul of unintended consequence.  This article looks at the importance of designing and defining appropriate KPIs in performance measurement.

Written by Simone da Silva Collins

In love with spreadsheet?

Thursday, 09 August 2018

In love with spreadsheet?

Excel is still a popular tool when it comes to preparing financials or analysis. However, we often hear financial professionals complaining how inadequate Excel can be. So why have we not “rid” ourselves of this seemingly “inadequate” tool. This article explores the pros and cons of using spreadsheets. There are a few best practice tips that may be helpful to the vast majority of spreadsheet users.

Written by Simone da Silva Collins

Big Data – can we have too much?

Tuesday, 07 August 2018

Big Data – can we have too much?

This article explores the attributes of Big Data and considers whether having more data is always good. First, let's get back to the basics. What is Big Data? Put simply, big data refers to a vast variety of data with which an organisation can engage. The aim is to use big data to improve business performance. This is applicable to profit and non-profit organizations, financial and operational measures.

Written by Simone da Silva Collins

Artificial Intelligence and FP&A

Thursday, 02 August 2018

Artificial Intelligence and FP&A

In a recent ACCA survey about the future of the accountancy professional, digital is listed as one of the 7 quotients for success. ACCA defines digital as “the awareness and application of existing and emerging digital technologies, capabilities, practices, strategies and culture”. One of the more talked about area in technology is artificial intelligence. This article attempts to explore whether artificial intelligence can replace people in the FP&A arena.

Written by Simone da Silva Collins

Improve your digital IQ

Thursday, 26 July 2018

Improve your digital IQ

We are, by all accounts, in the middle of a digital revolution and not only is it changing the way we interact and do business, but it is also shaping how a finance function operates.

Written by Marco Singh

The Secret to New Product Analysis

Thursday, 19 July 2018

The Secret to New Product Analysis

In a previous blog, I wrote about how forecasting the outcome of a new product launch was almost a mission impossible and that Finance professionals would be better off focusing on creating a flexible model, able to cope with new and changing information. In this blog I take a broader view of new products and talk about how best to monitor progress post launch, when information is still a little sketchy, volumes are still very low and reporting mechanisms may not yet be fully in place.

Written by Marco Singh

Creating Corporate Scorecards

Tuesday, 17 July 2018

Creating Corporate Scorecards

Kaplan and Norton’s Balanced Scorecard is a familiar concept, still widely used today, often falling to FP&A or Strategic Planning teams to create and then monitor. This process can be very challenging and problematic to deliver. This blog focuses on some practical observations and tips regarding the implementation of a scorecard, designed to help you get buy-in from the rest of the organisation.

Written by Marco Singh

Forecasting New Product launches

Thursday, 12 July 2018

Forecasting New Product launches

Forecasting new product launches are a tricky business with plenty of emotional baggage. They are also often, inevitably, wrong. This blog argues that when commercial finance or FP&A professionals are involved they should focus equally on model flexibly as well as the outcome.

Written by Marco Singh

Navigating the politics of product profitability

Tuesday, 10 July 2018

Navigating the politics of product profitability

Many commercial finance or FP&A professionals focus on getting the model right and not enough time considering the how people are going to react to the outcome. This blog sets out a few tips to navigate the politics.  In the words of Oscar Wilde ‘The truth is rarely pure and never simple’.

Written by Marco Singh

The pedigree of a successful FP&A professional

Thursday, 05 July 2018

The pedigree of a successful FP&A professional

FP&A is quickly becoming one of the most important fields within corporate finance. The ability to manage working capital, stimulate growth, collaborate across functional groups, steer toward opportunities and away from substantial risk all falls within the wheelhouse of the FP&A professional. How does someone not currently in FP&A enter the field? How does someone already in FP&A succeed in their role and ensure they're at the forefront of the function's evolution? This article will explain.

Written by Carl Seidman

Is Zero-Based Budgeting Still Relevant?

Tuesday, 03 July 2018

Is Zero-Based Budgeting Still Relevant?
Many large corporations believe zero-based budgeting (ZBB) only applies to small companies that have the time to complete such a granular task. Further, they often don't see the benefit that ZBB can bring to their organizations since those organizations feel a desire to focus more on big picture planning. This article will emphasize that ZBB is not exclusively for small businesses. It discuss zero-based budgeting as a tool that can be used to improve a company's understanding of is processes, risks, and opportunities and does not need to be applied to every line or department impacted in the budget.
Written by Carl Seidman

Demystifying Millennial FP&A Careers

Thursday, 28 June 2018

Demystifying Millennial FP&A Careers

Understanding the role of an FP&A professional is difficult, since it may differ across companies, industries, and even within the finance function of the company itself. What further complicates the profession in the disruptive and non-traditional work-styles of Millennial workers compared to their predecessors in the Baby Boomer and Gen X generations. The Millennial generation, which continues to make up a larger and larger percentage of the workforce, will change the way FP&A hiring takes place and the way we manage our finance talent. The article will demystify Millennials and explain how the FP&A profession must change to attract top talent.

Written by Carl Seidman