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AI Lowers Build Costs but Raises Coordination Costs.
AI makes building tools cheap but coordination expensive. Lessons on ownership, integration, and avoiding burnout. โ
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When AI Makes Thinking Too Easy
AI facilitates System 1 thinking and may suppress System 2 thinking. This is a hypothesis that I have been reflecting on lately. As Daniel Kahneman explained in ๐๐ฉ๐ช๐ฏ๐ฌ๐ช๐ฏ๐จ, ๐๐ข๐ด๐ต ๐ข๐ฏ๐ฅ ๐๐ญ๐ฐ๐ธ, there are two types of thinking: ๐ฆ๐๐๐๐ฒ๐บ ๐ญ โ automatic and intuitive, but prone to mistakes๐ฆ๐๐๐๐ฒ๐บ ๐ฎ โ deliberate and thoughtful, but requires more… โ
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Strategic Planning For FP&A: 4 roles That Are Essential
Strategic planning isnโt easy. When multiple teams and diverse skills come together, the process can go off the rails. ๐ค๏ธ Based on my past experiences, I have realized that there are four roles that are essential for successful strategic planning. Some people can play multiple roles, and multiple people may help execute a role, but… โ
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Strategic Planning For FP&A: What Is It? What is FP&A’s Role?
Q2 is when many companies kick off strategic planning, and this process is one of the best opportunities for FP&A to help drive impact. The stakes are high, as bad decisions or lack of action could hurt the companyโs growth or focus. Over a series of posts, Iโm going to share what I have learned… โ
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Rethinking ROI in Finance: Key Questions to Ask
โWhatโs the ROI?โย ๐ค This is a fair question that I have often asked during my FP&A career, but itโs not always the right one. To be clear, if the amount is large enough and/or the return is forecastable, then ROI is the right way to go.ย However, for โsmall-to-medium-sizedโ requests with uncertain payoffs, there is a… โ
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Building Scalable Hiring Processes in Finance
Current and future headcount data is critical for a financial forecast but can become a massive time suck ๐ for FP&A teams if a scalable workflow is not created from the beginning. Lately, I’ve been working with two clients, one early-stage and one more mature, which has made me reflect on how to build a… โ
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Follow up to ‘Building an FP&A team from 0 to 5’
Last week, I wrote about growing an FP&A team from 0 to 5, based on my experience. This week, I hand-picked sources, added them to Googleโs NotebookLM, and used the software to summarize insights. By selecting the sources myself, I avoid the โaverage answerโ that AI models like ChatGPT might provide. Next, I curated the… โ
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Building an FP&A team from 0 to 5
Last week, somebody asked me about how I would build an FP&A team from 0 to 5.ย Here is how I would approach it. ๐๐ถ๐ฟ๐ฒ ๐๐ต๐ฒ ๐ฅ๐ถ๐ด๐ต๐ ๐๐ถ๐ฟ๐๐ ๐ง๐ฒ๐ฎ๐บ ๐ ๐ฒ๐บ๐ฏ๐ฒ๐ฟStart by hiring someone with a broad skillset who is eager to learn and comfortable taking on everything. Strong financial modeling skills and the ability to build… โ
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Launch of Sea Cloud Consulting: Strategic FP&A For Early-Stage Growth Companies
Iโm excited to announce the launch of my FP&A consulting business, Sea Cloud Consulting. When I was working full time, I always wished that I had an experiencedย resource that I could call when times were busy, either for project-based work or as a second set of hands. That is what Iโm now offering. My focus… โ
Sea Cloud Consulting 