Introducing Paul Barnhurst
Paul Barnhurst (a.k.a. "The FP&A Guy") founded FP&A Guy, a company that provides FP&A coaching and consulting services. Paul has 12+ years of professional experience across several industries, with a strong background in financial planning, financial modelling, report building, and business partnering. Paul is also a content creator, LinkedIn influencer, and host of "FP&A Today," one of the most popular FP&A podcasts, and is known for his deep understanding of the FP&A software planning space.
What You Will Learn
Strategies for enhancing the FP&A processes
Integrating Technology in PE Firms
What FP&A teams need to improve PE processes
Breakdown
[00:32] Getting to Know Paul Barnhurst
[01:12] One Mistake by PE Firms and action to correct it
[02:29] Three things to improve PE firm’s FP&A process
[04:32] How PE firms can improve decision-making around PF&A
[07:23] How PE Companies choose and integrate Technology
[10:26] Disregarded areas in FP&A that PE need to pay more attention to
[13:20] What inspired Paul to set up a podcast and a community
[16:17] Paul's Go-To Self-Improvement Resources
[17:39] How to become a world champion at Excel
[19:49] How to connect with Paul
Improving FP&A in Private Equity
What should PE companies do to improve their FP&A process? According to Paul, FP&A can be broken down into three areas. First, it’s people. The first thing you need to do is to make sure you have the right people, and you are upscaling that. With everything that is coming up with AI, you need people who can meet today’s demands, be commercial, and help drive the business forward. The second thing that the FP&A team needs to think about is the processes. They have to constantly streamline and automate the processes because data and demand are constantly increasing. The third thing that Paul shares is bringing the right technology. Technology serves as an enabler, and it can help PE firms reach the next level. However, according to Paul, if you start with technology, you will almost end up with a failed transformation. So think about the other processes first and then use technology to enable and free up your team to focus on being good business partners.
How to Contact Paul
Paul on LinkedIn
Thefpandaguy.com
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