Alex Melnychuk’s Post

📌 The company culture and biases existing within an organisation may negatively impact the performance of the FP&A team.   ❓ How can we minimise the setbacks and ensure that the FP&A department takes an active position in management practices? I welcome you to learn the answer to this question from an article by Christian FOURNIER, former Head of Finance Europe at Orange Business.   Christian explains that we may either create an environment limiting the potential influence of biases or fight them. ▶️ He also outlines what approach will work best, factoring in the FP&A's ambitions within the business and shares his practical tips for reducing the negative impact of biases: https://lnkd.in/dzxDwEY2 #fpatrends

CFOs have never been too far from driving and enabling business strategy... and the 'Why..' has been  fairly self evident.  What is really interesting is how the current and emerging generation of CFO and Finance leaders collaborate across the enterprise and the skills needed to enable the business strategy, especially in digital and tech skills https://lnkd.in/gsDMNDG2

Great discussion on The Evolving Role of the CFO at Fortune’s Future of Finance conference with Yanela Frias and Xihao Hu. The CFO landscape is rapidly changing, but three key themes emerged: 1. Innovation Ally. Finance must champion innovation, providing a framework for good ideas to succeed because when innovation thrives the bottom line thrives. 2. Strategist, Not Just Steward. Modern “CFO’ing” extends beyond financial stewardship. It requires translating financial goals into actionable strategies for growth. 3. Customer Obsessed. Solving our customer’s problems is key. It requires active listening, anticipating their needs, and relentlessly exceeding expectations. Thanks to Fortune and my fellow panelists for having me. What are your thoughts on the modern CFO?   You can watch here: https://lnkd.in/enXbg7Ei #FortuneFinance #ZoetisProud

💡 𝗙𝗣&𝗔 𝗧𝗿𝗲𝗻𝗱𝘀 𝗠𝗮𝘁𝘂𝗿𝗶𝘁𝘆 𝗠𝗼𝗱𝗲𝗹: 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝗔𝗺𝘀𝘁𝗲𝗿𝗱𝗮𝗺 𝗙𝗣&𝗔 𝗕𝗼𝗮𝗿𝗱 The discussions were covering a range of topics critical to the 𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻 𝗼𝗳 𝗙𝗣&𝗔 𝗳𝘂𝗻𝗰𝘁𝗶𝗼𝗻𝘀. A significant part was dedicated to identifying and analysing the 𝗼𝗯𝘀𝘁𝗮𝗰𝗹𝗲𝘀 that can impede 𝗙𝗣&𝗔 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻. One of the central themes that emerged was the array of 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗳𝗮𝗰𝗲𝗱 𝗯𝘆 𝗙𝗣&𝗔 𝘁𝗲𝗮𝗺𝘀 in their transformation efforts.   👉Link to the Insights from the Amsterdam FP&A Board Meeting: https://lnkd.in/enGphkCY     #DataDrivenDecisionMaking #KünstlicheIntelligenz #Analytics #BusinessIntelligence #ControllingUndAnalytics #Controlling FP&A Trends Group; Controlling & Analytics, ICV International Association of Controllers, Graduate School Rhein-Neckar, Hochschule für Wirtschaft und Gesellschaft Ludwigshafen

🔍 In FP&A, numbers matter, but people matter more. While accurate financial models and reports are crucial, trust is the real currency. It's what drives collaboration, transparency, and impactful decision-making. Remember, behind every number is a person, and it's the trust you build with them that fuels success in FP&A. #FinancialPlanning #Analysis #Trust #Collaboration #DecisionMaking

CFO's: Do you find yourself questioning why your team struggles to get to the "why" behind financial and operating performance? Unless an FP&A team member is more senior within the organization, often they are left out of corporate strategy and execution discussions despite having exposure to a significant amount of financial and operational information from all parts of the business.   The situation reduced visibility for FP&A teams and can prevent members understanding the “why” behind how KPIs and metrics may be shifting.   To avoid these situations, FP&A teams should regularly receive updates from leaders after strategy meetings and team members should be paired with other business units, attend their department updates and provide a debrief to the rest of the team.   Not only does this build relationships across the organization and reduce the learning curve for the team but will also improve communication and understanding of how to anticipate the needs of the business and manage financial decisions.   #Insights #Analysis #Collaboration

🚀 Why is it crucial for a CFO to be "Data-Driven"? 📊 In today's world, where data is the new "oil," it is essential for CFOs (Chief Financial Officers) to adopt a data-driven approach. Here are some key reasons why: 1️⃣ Informed decision-making: With accurate, real-time data, a CFO can make faster, well-founded strategic decisions, minimizing risks and maximizing opportunities. 2️⃣ Resource optimization: By analyzing financial trends and patterns, it's possible to identify areas for improvement, reduce costs, and increase efficiency. 💰💡 3️⃣ Scenario anticipation: A data-driven CFO can foresee financial challenges before they happen, allowing for proactive planning and adaptation. 🔍📉 4️⃣ Transparency and trust: Clear and accessible data foster trust among the executive team and stakeholders, strengthening the company's reputation and credibility. 🤝📝 In short, a CFO who leverages the power of data not only manages the present but also shapes the future of the organization. 🌟📈 #CFO #DataDriven #Finance #DigitalTransformation #Leadership

If you missed it, sign up for next Monday's (Nov. 11th @ Noon EST) segment of the Emerging CFO series where we have James Reid of Honigman discussing how to choose and use Employment & Business Law Firms. https://lnkd.in/gPqyzV3T Emerging CFO is a group open to anyone who aspires to be or aspires to communicate more effectively with the C Suite by understanding the responsibilities and decision hierarchy of the CFO.

𝗦𝗰𝗵𝗲𝗱𝘂𝗹𝗲 𝗮 𝟯𝟬-𝗺𝗶𝗻𝘂𝘁𝗲 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝘁𝗶𝗼𝗻 𝘄𝗶𝘁𝗵 𝗮 𝗖𝗙𝗢 𝘁𝗼𝗱𝗮𝘆 𝗮𝗻𝗱 𝗱𝗲𝗹𝗶𝘃𝗲𝗿 𝘆𝗼𝘂𝗿 𝟮𝟬𝟮𝟱 𝗦𝗧𝗔𝗥𝗧𝗘𝗚𝗬: https://lnkd.in/gTB9EidZ 𝗪𝗵𝘆 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗶𝗻𝗴 𝗮 𝗖𝗙𝗢 𝗶𝗻 𝗬𝗼𝘂𝗿 𝟮𝟬𝟮𝟱 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴 𝗜𝘀 𝗮 𝗚𝗮𝗺𝗲-𝗖𝗵𝗮𝗻𝗴𝗲𝗿: ✅Financial Foresight: A CFO brings advanced financial modeling and forecasting capabilities, enabling your business to anticipate market shifts and economic trends. This proactive approach allows for more informed decision-making and risk mitigation strategies. ✅Strategic Resource Allocation: With a CFO's expertise, you can optimize capital allocation and investment strategies, ensuring resources are directed towards high-growth opportunities. This targeted approach maximizes ROI and fuels sustainable business expansion. ✅Data-Driven Performance Management: CFOs leverage financial analytics and KPIs to create robust performance measurement systems. This data-centric approach enhances accountability, identifies operational inefficiencies, and drives continuous improvement across all business units. Learn more about Strategic Financial Guidance for Growth: https://lnkd.in/gQPfQXXy #2025Strategy #FinancialStrategy #CEO #BusinessStrategy Ted Lane, CTP Alex Vantarakis Tricia Benn Jeffrey Hayzlett Linda Fisk Sheila Rondeau Don Williams Scott Schilling Rob Bliss Amy Johannesen Tom Bronson Leonard Lynskey  Damon Pistulka √ Tom Hawes Steve Conwell, MS, PCVB Chris Goade Michael King Scott Griffith Preston Graham Tim Spiars John W. Rogers, Jr. Bill Wallace Mark Mitford - MBA, MA Craig Wasilchak Matt Durrette Jeff Bradford Botvidson Brad Garber Lance Taylor Gary Dunn Michael Madden Mike Gullatt Steven Guilfoile Jeff Giddens Tommy Glenn