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

FP&A Tomorrow

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/thefpandaguy

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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 trust and getting involved with other business functions.

[05:26] - Ron shares his career journey from the University of Toronto to his current role in training.

[09:11] - Ron reflects on his time in the consumer goods industry and memorable product launches.

[11:38] - The critical operational metrics in consumer goods and their significance.

[14:40] - Challenges and advice for moving from accounting to an FP&A role.

[27:28] - Ron's journey from being terrified of presenting to becoming a confident presenter, with tips for others.

[33:23] - Why FP&A departments should invest in training and continuous learning.

[38:03] - Insight into Ron’s upcoming book and its focus on finding joy and passion in your career.

[41:01] - Quick answers on technical and soft skills, forecasting methods, and more.

[46:20] - Final tips on being better business partners and embracing a growth mindset.

[47:08] - Information on how listeners can reach out to Ron Monteiro.