FP&A Today FP&A "Wow" Moments at $10m companies
Jun 19, 2025
Luke Mulcahy, the founder of Mulcahy Consulting Group and finance strategist with over 15 years of experience, delves into the world of FP&A for small businesses. He shares valuable insights on forecasting energy consumption in utilities and the nuances of becoming a fractional CFO. Mulcahy highlights why larger companies struggle with big data and offers big FP&A wins for smaller firms. Plus, he discusses solving Excel's date problem while emphasizing the transformative power of financial insights for growth-oriented businesses.
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Early FP&A in Utilities
- Luke Mulcahy started his FP&A journey forecasting energy consumption at an Australian utility company.
- This involved analyzing factors like air conditioners and electronics usage to predict electricity demand, providing his first management accounting experience.
FP&A: Same Goal, Different Execution
- FP&A goals remain consistent across business sizes: derive insights to drive strategy and decisions.
- Execution differs; small businesses have cleaner but less data and fewer resources to analyze it deeply.
Transform Small Business Finance
- Start FP&A transformation by cleaning accounting data to segment revenue and costs clearly.
- Build tailored tech solutions and create strategic plans with measurable targets extending several years ahead.