Advanced FP&A practices for a volatile macroeconomic and business environment.

This article discusses the importance of advanced financial planning and analysis (FP&A) practices in a volatile macroeconomic and business environment. The authors highlight six practical steps for better FP&A, including the use of clear probability values, laying out the true momentum case, spelling out the "bear case," making macroeconomic assumptions clear and consistent, disaggregating inflation rates, and relentlessly back testing models to reduce variances. By following these practices, FP&A teams can deliver more accurate forecasts and navigate through uncertainty more effectively. [Extracted from the article]