MIAGEN• Changing the way

organisations plan

UK Online FP&A Best Practice Series

Teddy Murphy – CEO MIAGEN

MIAGENForecasting, Planning & Analysis

Dublin London Doha

To enable better decision making

Rolling Forecasts

• Automate collections of actuals

• Focus on materiality

• What historic data is relevant

• They don’t plan anymore!

• The model plans for them• Exception planning

DHL

Driver Based Planning

• Go through your P&L and ask what drives each item?

• Can I connect it to anything else?

• Put Drivers on your P&L and shorten it

• Move the focus to Drivers where possible

• In growth, so history not very

relevant

• Determined the drivers and

connected them to the market

demand

• Dynamic planning & better focus

Ramsay Healthcare

De-centralised Planning

• The best people in your organisation to plan are those who are responsible for it

• The problem is they don’t speak your language and they fear the expectations they may set

• If they’re planning things that are relevant to them e.g. drivers, then finance can value them

De-centralised Planning

• Meaningless P&L => Meaningful Drivers

• Enable ownership

• Frequency - Make it a habit

Etihad

• Etihad 2012 - 10 people Finance

• Etihad 2013 - 300 people Worldwide

• Finance became consultants

Etihad Airways

• What once took 3 months is now a fluid process

• Far more dynamic organisation that

can respond to change and have a

unified direction

• Agile organisation

Recommendations……..

• Automate the Actuals

• Introduce Drivers

• Assign responsibility

• Make a difference

Q & A

Many thanks for your time!

MIAGEN.COM