Planning Aces co-hosts Brett Knowles and Jack Sweeney discuss how AI’s integration into FP&A is still in early stages, with many teams ‘dabbling’ in AI rather than regularly employing it. However, its use has been significant, inspiring creativity and improving team performance.
This episode’s conversation emphasizes how FP&A is not just about financial numbers but involves drawing in non-FP&A players into the process. This approach fosters a more comprehensive and collaborative financial planning culture within organizations. They underscored that every member of an organization should consider themselves a ‘capital allocator’, responsible for contributing to the company’s financial health.
This Episode’s Featured Planning Aces
CFO Scott Bennion advocates for a democratized approach to financial responsibility, encouraging all employees to view decisions through an investment and ROI lens.
CFO Christine Chambers highlights the significance of key metric LTV to CAC ratio. She reveals how the metric has played a central role in strategic decisions like acquisitions to enhance customer lifetime value and average order value.
CFO Zhi Li highlights how collaboration between finance and technology teams has helped to enhance the role of FP&A in operational efficiency and strategic decision-making.
MADE POSSIBLE BY PLANFUL | Planful is the pioneer of financial performance management cloud software. The Planful platform, which helps businesses drive peak financial performance, is used around the globe to streamline business-wide planning, budgeting, consolidations, reporting, and analytics. Planful empowers finance, accounting, and business users to plan confidently, close faster, and report accurately. www.planful.com