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Nicolas Boucher Profile picture
@BoucherNicolas
Apr 30 • 4 tweets • 1 min read Twitter logo Read on Twitter
How to build a FP&A department?

Here is my take based on my 14 years of experience.
Building a successful FP&A department requires thoughtful structuring, including:

- Business segmentation
- Customer and product channels
- Regional distribution and collaboration
- Performance management
- Cross-departmental partnership
- Technological investment
- Reporting hierarchy

Duties, experience, knowledge, and partnership responsibilities should be aligned with the strategic plan and supported by connected software.
RT and follow to acquire even more FP&A knowledge.

#finance #FPA Image

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More from @BoucherNicolas

Nicolas Boucher Profile picture
May 2
Are you looking to explain accounting to kids in a fun and easy-to-understand way?

Here is the easiest way! Image
1/25

What is accounting?

When a company makes money, it has to keep track of where that money came from and where it goes.
This is called Accounting.
2/25

Accrual Accounting

A method of accounting that records transactions when they happen, not when the money is received or paid.
Read 27 tweets
Nicolas Boucher Profile picture
May 1
How Elon Musk managed to finance Tesla and SpaceX?

Here is the secret behind his success... Image
In Tesla's Q4 FY22 quarter, we can see that Tesla got $0.5B from regulatory credits.

Intriguing no? Testa Q4 FY22 Financial res...
Did you know that Tesla & SpaceX got billions of dollars in government incentive in the following forms?

- Tax breaks
- Grants
- Loans
- Contract awards
Read 14 tweets
Nicolas Boucher Profile picture
May 1
Ready to take your finance skills to the next level?

Learn about the 7 steps of budgeting, from setting expectations to transforming budgets into financial statements.

Master the budgeting process and impress your management with your financial acumen today! Image
The different steps of the budget:

1/ Set expectations with management
2/ Plan Sales
3/ Operational Plan
4/ Plan Resources
5/ Compute Standard costs
6/ Plan Overhead
7/ Transform budget into Financial Statements
1/7
Set expectations

Understand expectations from management about

- Growth
- Implementation of strategy
- Profitability
- Lessons learned from the past
Read 10 tweets
Nicolas Boucher Profile picture
Apr 13
How to understand and reduce overhead costs?

A mini-course

🧵 Image
Finance does not do enough to challenge the Overhead expenses.

Why? Because we think that we can't do much about it... I also thought that there was no possibility to improve overhead costs. Image
How to change group fees?

How to reduce personal costs?

This seemed impossible. But one day, I was assigned to reduce structural costs. I had no other solution than... finding solutions.
Read 14 tweets
Nicolas Boucher Profile picture
Apr 12
10 AutoGPT use cases for Business

The ChatGPT hype is already old...

AutoGPT is the new cool kid!

I have researched for you 10 use cases where you can use AutoGPT for businesses.

Let's go 👇
1. Make a list of X

For example, your target clients are CFOs.

Ask an AutoGPT agent to make a list of all CFOs in the world.
2. Public tender

Get informed about all the public markets you can bid for.

For example, let's imagine you are a US construction company. Here is what you can do with AutoGPT:
Read 13 tweets
Nicolas Boucher Profile picture
Apr 12
10 Cash KPIs to boost your cash flow management

Open the thread to learn more about all the KPIs and their formula.

(🧵)
1. Cash Burn Rate

Description: Net Cash spent by a company in a specific time frame (usually monthly or normalized to a year)

Formula: Cash Spent (monthly average) - Cash Received (monthly average)
2. Average Days Delinquent (ADD)

Description: Measures effectiveness of collection efforts. Often used at client level to compare with the others

Formula: Days Sales Outstanding (DSO) - Best Possible Days Sales Outstanding (BPDSO)
Read 12 tweets

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