FP&A Tomorrow

Leadership Skills for FP&A Professionals to Improve Forecasting and Analysis with Brett Hampson


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In this episode, Paul Barnhurst dives deep into practical frameworks and leadership strategies for finance professionals with guest Brett Hampson. Brett discusses what he believes constitutes great FP&A and how grassroots finance transformations, rather than top-down technology implementations, can foster a proactive, value-creating FP&A culture.

Brett Hampson has spent over a decade in corporate FP&A, working with some of the world’s largest companies. He is the author of The FP&A Operating System, a book that outlines his approach to establishing a high-functioning FP&A department. Brett is also the founder of Forecasting Performance, a platform that promotes best practices in financial analysis and forecasting.

Expect to Learn

  • What grassroots finance transformation entails and why it’s preferable to technology-centric approaches.
  • How to implement Brett’s FP&A Operating System and FP&A Flywheel framework to drive efficiency and value.
  • The importance of setting a clear vision and objectives for FP&A teams to move from reactive to proactive operations.
  • How to leverage attribution analysis and storytelling to enhance FP&A’s influence on business decisions.
  • Tips on creating a culture of continuous improvement within FP&A by focusing on people, processes, and technology in that order.


Here are a few relevant quotes from the episode:

  • “Grassroots finance transformation happens when each person on the team has their own vision and works towards solving specific challenges.” - Brett Hampson
  • “Technology alone doesn’t solve problems. It might fix one, but often creates new ones if cultural issues aren’t addressed first.” - Brett Hampson
  • “Our greatest challenge in FP&A is often ourselves – we need to avoid being too introspective and focus on the business.” - Brett Hampson


With insights into creating effective FP&A systems and teams, Brett Hampson provides a refreshing perspective on FP&A transformation. He highlights the importance of people, process, and then technology, in that order, as the foundation for a high-performing FP&A team.


Follow FP&A Tomorrow:

Newsletter - Subscribe on LinkedIn - https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=6957679529595162624


Follow Brett:

Website - https://bretthampson.gumroad.com/l/proactive

LinkedIn - https://www.linkedin.com/in/brett-hampson/

Newsletter - https://blog.forecastingperformance.com/subscribe


Follow Paul:

Website - https://www.thefpandaguy.com

LinkedIn - https://www.linkedin.com/in/thefpandaguy


World-class Digital FP&A Course Bundle: 

Signup for over ten hours of video content with 4 different courses and 8 modules on FP&A topics including: Business Partnering, Data Analysis, Financial Modeling Design Principles, and Modern Excel. Use code Podcast to save 25%. What are you waiting for signup now: https://bit.ly/4decOf3


Enroll for Financial Planning & Analysis Certificate Program:

Sign up for the 8 week online financial planning & analysis certificate program by Wharton Online and learn the art of forecasting, analysis, business partnering and financial storytelling: https://bit.ly/4debs46 Use Code: THEFPAGUY300 to save $300.


Earn Your CPE Credit

For CPE credit please go to earmarkcpe.com, listen to the episode, download the app, and answer a few questions and earn your CPE certification. To earn education credits for FPAC Certificate, take the quiz on earmark and contact Paul Barnhurst for further details.


In Today’s Episode

[02:12] - Brett’s Background and Introduction

[05:17] - The Creation of The FP&A Operating System

[08:04] - Developing a Proactive FP&A Culture

[13:22] - Grassroots FP&A Transformation

[16:32] - People and Process Before Technology

[29:28] - Building the Right Team and Culture

[35:11] - Establishing Efficient Processes with the FP&A Flywheel

[39:52] - Case Study: Turning Around Forecast Accuracy

[52:16] - Final Advice and Wrap-Up

...more
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FP&A TomorrowBy Paul Barnhurst

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