FP&A Today How to win at FP&A with Psychology, Strategy and Tradeoffs
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Dec 26, 2023 Taylor Otstot, VP of Finance at Dashlane, shares insights on the worst budget experience, the importance of tradeoffs in finance conversations, managing an FP&A team, psychology learnings in finance, and decision frameworks. He also talks about the secrets to building a high performing team and the big sales comp revelation. The podcast covers leveraging technology, challenging safe choices, implementing tools, improving team meetings, and the benefits of using name ranges in Excel functions.
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Printed Spreadsheets Nightmare
- Taylor's first budgeting job required printing dozens of Excel tabs for a non-tech manager to hand-mark.
- He vowed to always leverage technology after that painful, inefficient experience.
Delegate By Defining Outcomes
- Let go of how tasks are done and be crystal clear on desired outcomes instead of controlling the process.
- Remind yourself to pause before speaking and let your team own solutions in their own way.
Spreadsheet Is The Map
- The spreadsheet is a map, not the product; the thinking behind numbers is finance's real value.
- Finance's job is guiding trade-offs so the business can make timely decisions under constraints.