FP&A Today Budget Battles, Politics, and AI: CFO Anna Tiomina
Nov 5, 2024
Join finance leader Anna Tiomina, a former CFO of Sandoz and founder of Blend to Balance, as she shares her journey through FP&A challenges. She discusses the politics involved in budgeting and the differences between large and small companies. Discover her insights on agile budgeting methods and the safe integration of AI in finance. Anna also shares personal anecdotes about work-life balance and the importance of team connections through fun activities like karaoke.
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Vacation Budget Woes
- Anna Tiomina had to submit budget reports during a family vacation due to software issues and a poor internet connection.
- This highlighted the challenge of work-life balance in large corporations with lean finance teams and limited backup.
Last-Minute Formatting Frenzy
- Anna's team had to reformat a 72-page presentation overnight because of a last-minute change in decimal separators.
- Her CFO demanded perfection, making this a frustrating, time-consuming task.
Budgeting Frequency Shift
- Budgeting processes are changing, with more companies moving towards quarterly or monthly recalibrations instead of bi-annual cycles.
- This shift reflects the need for greater agility in rapidly changing business environments.