The 2023 FP&A Playbook
The 2023 FP&A Playbook
The macroeconomic climate in the second half of 2022 has made financial planning more difficult. Despite these challenges, the annual planning process should remain consistent with previous years, but with an added focus on four specific topics.
There are few times of the year more stressful for finance teams than annual planning season. You’re under pressure to collaborate with business partners in between holiday breaks, prepare board materials, get through the year-end close, and put a financial and operating plan together for the year ahead — all at the same time. And worse yet, there are macroeconomic forces that are making the 2023 planning cycle even more challenging.
Download the 2023 financial planning blueprint to learn:
- The key trends that make the 2023 planning season different from years past
- A framework for getting your plan done on time
- Expert advice for partnering with department heads on strategic planning
- Different ways to be more agile and keep your plans fresh throughout the year
Major Topics for the 2023 Planning Cycle
Topic 1: Cash flow planning should take priority
Topic 2: Bigger emphasis on scenario planning
Topic 3: Headcount planning has to be flexible
Topic 4: Bigger emphasis on reforecasting and replanning
The Playbook
A. Organize department-level data
B. Create department-level plans
C. Translate budgets to the main model
D. Align with CEO
E. Keep the plan fresh
Automation and Data Integration