The new decade which began with so much anticipation and dreams has soon thrown us quite a few curveballs. Soaring geopolitical tensions, tariff wars, the threatened outbreak of
an actual war, volatile oil prices and finally, a new contagious virus. This is certainly not how we thought the new decade would commence. It has wreaked havoc across global economies and reminded us how volatile, interconnected and complex modern-day business environments are.
Managing businesses in such environments is a tall order for business leaders. It is not a surprise that they look to their CFOs for support, to provide real-time business insights and manage risks. As the forward-looking, business partnering team in the finance department, FP&A has a key role to play in enabling this. But are FP&A functions well equipped and capable? To answer this, we must first understand exactly what the challenges are that business leaders are facing.
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