miagen uk best practices series seminar 1 pdf
TRANSCRIPT
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MIAGEN• Changing the way
organisations plan
UK Online FP&A Best Practice Series
Teddy Murphy – CEO MIAGEN
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MIAGENForecasting, Planning & Analysis
Dublin London Doha
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To enable better decision making
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Rolling Forecasts
• Automate collections of actuals
• Focus on materiality
• What historic data is relevant
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• They don’t plan anymore!
• The model plans for them• Exception planning
DHL
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Driver Based Planning
• Go through your P&L and ask what drives each item?
• Can I connect it to anything else?
• Put Drivers on your P&L and shorten it
• Move the focus to Drivers where possible
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• In growth, so history not very
relevant
• Determined the drivers and
connected them to the market
demand
• Dynamic planning & better focus
Ramsay Healthcare
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De-centralised Planning
• The best people in your organisation to plan are those who are responsible for it
• The problem is they don’t speak your language and they fear the expectations they may set
• If they’re planning things that are relevant to them e.g. drivers, then finance can value them
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De-centralised Planning
• Meaningless P&L => Meaningful Drivers
• Enable ownership
• Frequency - Make it a habit
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Etihad
• Etihad 2012 - 10 people Finance
• Etihad 2013 - 300 people Worldwide
• Finance became consultants
Etihad Airways
• What once took 3 months is now a fluid process
• Far more dynamic organisation that
can respond to change and have a
unified direction
• Agile organisation
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Recommendations……..
• Automate the Actuals
• Introduce Drivers
• Assign responsibility
• Make a difference
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Q & A
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Many thanks for your time!
MIAGEN.COM