Using Talmix For...FP&A
What’s the demand?
Companies increasingly recognise that effective financial planning and analysis (FP&A) are key to sustainable growth and profitability. FP&A offers a data-centric solution to make informed decisions and improve overall business efficiencies.
Transformation programmes, new business models, the advent of AI alongside increasing automations have increased the focus on building robust FP&A functions. Businesses need agile and accurate financial insights to maintain their market position and optimize their resource allocation to weather economic fluctuations and changing competitive landscapes.
With data analytics underpinning most business planning, adding these capabilities into the finance function, and having people with the skills that allows them to partner with business units, and deliver precise financial forecasting and strategic planning skills, is critical.
What’s involved?
FP&A projects can encompass multiple potential areas, including:
- Creating flexible and dynamic forecasting and finance models which adapt to change and address external as well as internal factors.
- Using these models to simulate different scenarios and subsequent plan revision.
- Develop efficient resource allocation, to make sure investments align with strategic goals.
- Establish financial strategies that deliver early value, and result in improved decision-making, cost management, and top-line performance.
- Integrating financial strategies, processes and systems after significant events like mergers and acquisitions, to unify corporate objectives.
What skills are needed?
- FP&A expertise spans both qualitative and quantitative disciplines, and encompasses soft and hard skills:
- Financial analysis and forecasting.
- Business partnering skills to understand different functions and derive and consolidate relevant insights.
- Advanced financial modelling, including audits and reviews of existing financial strategies.
- Data analytics and interpretation.
- Constructing and validating financial models, formulating inputs and outputs, and testing assumptions.
- Expert-level use of analytics and Business Intelligence tools like Tableau, Power BI, Excel.
- Strong communication skills, both verbal and written, to convey complex financial insights effectively.
Why turn to Talmix?
External independent business talent is a smart choice to bring FP&A skills into a finance team. For many businesses, FP&A extends the finance team, and the CFO can sponsor this need, recognising that the skills need to be deployed rapidly to get the initial process and model improvements and demonstrate experience and expertise to work with the relevant business areas to access the data required.
Over time, the external talent can enable the upskilling of other finance professionals, and continue to improve efficiencies in processes and realise the business value.
Using a marketplace like Talmix for FP&A talent addresses the requirement of a business to bring in these critical skills and augment existing teams, without a long organisational hiring process and enabling the team to adjust when the processes have been established.
Over 10% of the Talmix network of 60,000 has detailed experience in FP&A and is available to take on these challenges for any business at any level. Typical use cases may include:
Getting Started with Talmix
If your business has recognised that it needs to build or enhance its FP&A function, team and processes and you can see that talent on-demand is a fast solution to doing this then you can post your requirements straight away on the Talmix marketplace. It’s a very intuitive, streamlined process and you can describe if this is a project or permanent requirement, or if you’re looking for interim leadership.
If you want a little more advice on scoping then you can post the project basics and our Customer Success team can help you draw out specific screening questions, talent types and budgets. Get started now and you could address this need faster than you’d anticipated.