Your guide to FP&A organizational structures
Now more than ever, companies face unprecedented levels of risk. They need quick access to unbiased analysis and support to be effective. Unfortunately, FP&A teams are often unable to react quickly enough due to antiquated processes and convoluted organizational structures. In an effort to assist CFOs as they restructure their FP&A teams, we have partnered with the Association for Financial Professionals (AFP) to produce this guide. The guide explores three common FP&A organizational structure approaches, the pros and cons of each, and a list of organizational best practices for maximizing efficiency and decision support capabilities.
This includes information on how to:
- Streamline processes between FP&A, treasury, risk, and accounting teams to build greater collaboration among teams and tie groups together to increase efficiency.
- Determine what type of FP&A organization fits your operational complexity, growth trajectory, and market characteristics
- Empower teams with the right technology to enable collaboration between corporate and business unit teams. The best FP&A teams have not only an effective organizational structure, but the right people and technology that lead to efficient processes and an effective support model.
Use the information in this guide to make informed decisions about the best way to structure your FP&A team and how to empower them through the use of technology. Click here to access the AFP Guide to FP&A Organizational Structure.
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About the Author
Joseph Howell is Vice President, Strategic Initiatives at Workiva. Prior to cofounding Workiva, he served as Chief Financial Officer for a number of public and private companies. He also serves as the cofounder, organizer, and community moderator for the SEC Professionals Group.