[Interview] Supporting the recovery : the financial department, driving force of change

[Interview] Supporting the recovery : the financial department, driving force of change

Supporting the recovery : the financial department, driving force of change

In the current uncertain period, at the beginning of a major global economic crisis, FP&A are like a compass for companies! In many organizations, the sanitary crisis crystallized dysfunctions and led financial departments to prioritize and anticipate transformation needs.

Rethinking its financial processes, switching its budgetary model to a Zero Based Budget (ZBB), reversing its governance principles, or refocusing on performance management thanks to a focus on cash management or to a tighter analytical sales control, levers differ from one financial department to another in order to support the recovery after COVID-19 crisis.

Our experts talk one after the other about an example of a lever to activate in order to initiate the recovery of the activity :

  • Episode #1 : the impact of budget model change

  • Episode #2 : Reversing the budget process

    • Episode #3 :  A tighter analytical sales management

    • Episode #4 : Focus on cash management

To conclude, this crisis has been a real revealer for financial departments : there is a truly need for more flexibility and ability of questioning themselves. Questioning can take various forms, as we saw it with these videos. In all cases, the ability to question the actual control was the first key of success. This crisis was also an accelerator, all these companies realized they do not have the time to wait. Facing with the adversity, the ability of quickly initiate the change was the second key of success. For these companies, the last key of success was their tool, all of them were equipped or equipped themselves with a reference market performance tool. Excel not being the agile and adapted solution in this kind of situation.


Lead FP&A, Nell'Armonia
Eric Leroy Nell'Armonia
CEO, Nell'Armonia
Corinne Musseau Nell'Armonia
Nell'Advisory Manager, Nell'Armonia
Victor Souchu Nell'Armonia
Project director, Nell'Armonia

Read also

Press release | July 8, 2021 Newsroom

Nell’Armonia is now part of Accenture

Read more
Press Release | June 1, 2021 Press Release

Nell’Armonia to join Accenture

Read more
Expertise | Janvier 2021 Anaplan Expertise

Nell’Armonia, 1st Anaplan partner with the largest pool of certified “Solution Architects” in France

Read more
Expertise | Février 2021 Expertise Tagetik

Nell’Armonia, CCH Tagetik Best Partner of the Year !

Read more