The Secret to Transforming FP&A into Business Strategy with Ron Monteiro

Welcome to FP&A Tomorrow, where we discuss financial planning and analysis, examining its current state and future prospects, with your host Paul Barnhurst.In this episode of FP&A Tomorrow, host Paul Barnhurst explores the evolving landscape of Financial Planning and Analysis (FP&A) with expert insights from Ron Monteiro. The discussion centers on the crucial role of FP&A in shaping business strategies, driving financial performance, and fostering cross-functional collaboration within organizations.Ron Monteiro is a seasoned FP&A professional with extensive experience in the consumer goods industry. Having worked with major brands like Kraft Foods, Campbell Soup, and Kruger Products, Ron brings a wealth of knowledge in financial analysis, business partnership, and strategic decision-making. He now runs his own training business, helping finance teams worldwide enhance their skills and impact.Here is a summary of the key points from the discussion:The essential attributes of great FP&A and how it contributes to business success.Practical strategies for FP&A professionals to integrate themselves into business operations.The importance of building trust and cross-functional relationships in FP&A roles.Key operational metrics in the consumer goods industry and how to use them effectively.Tips for transitioning from accounting to FP&A and developing strong presentation skills.Follow Ron:LinkedIn - https://www.linkedin.com/in/ronmonteiro18/Website - https://www.kictinc.com/Follow Paul: Website - https://www.thefpandaguy.com LinkedIn - https://www.linkedin.com/in/thefpandaguyWorld-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 below:The FP&A Guy (thefpandaguy.com)Wharton FP&A Certificate ProgramFP&A Tomorrow Listeners are eligible to receive $300 off tuition for the FP&A Certificate Program from Wharton Online and Wall Street Prep.Learn More (use discount code THEFPAGUY300)The FP&A Certificate Program is a self-paced rigorous online program for professionals pursuing careers in corporate finance.PROGRAM AT A GLANCEFormat: Self-Paced & Live Office Hours (8 hours/week) Certificate: Issued by Wharton Online and Wall Street PrepClosing Ceremony in NYC (Attend Live or Virtually)Enrollment is currently open for the September 2024 cohort. Please note that the program is limited and filled on a first-come, first-served basis.In today's episode:[01:36] - Paul Barnhurst introduces the podcast and welcomes Ron Monteiro to the show.[02:17] -Ron shares some light-hearted and embarrassing stories about Paul.[03:43] - Discussion on what makes FP&A great and its role in business involvement.[04:35] -Ron talks about the importance of...