The FMBE Awards 2019 recognized excellence across financial management and business excellence, highlighting best practices in budgeting, forecasting, and performance management. This overview captures key moments, criteria, and winners from that year.
Judges emphasized data-driven decisions, governance, and measurable impact when evaluating entries, ensuring that the FMBE Awards 2019 reflected high standards of financial leadership.
| Category | Key Criteria | Assessment Focus | Representative Example |
|---|---|---|---|
| Best Budgeting Innovation | Methodology rigor, stakeholder engagement, technology use | Clarity, adoption, measurable outcomes | Zero-based rollout in a multinational unit |
| Financial Transformation | Scope, timeline, ROI, risk management | Process redesign, automation, change management | ERP-driven consolidation project |
| Performance Management Excellence | Alignment with strategy, data quality, frequency | KPI design, dashboard usability, decision use | Balanced scorecard integrated with incentives |
| Young Finance Leader | Impact, leadership, learning agility | FMBE Awards 2019 championed emerging talent driving measurable results
Budgeting and Forecasting Insights
Entries in the budgeting category showcased mature processes and the use of advanced analytics. Organizations demonstrated how rolling forecasts and driver-based models improved accuracy and responsiveness.
Winners highlighted cross-functional collaboration, scenario planning, and the integration of non-financial metrics. These practices enabled more realistic plans and better alignment with operational realities.
Technology and Automation
Platform Selection and Implementation
Judges evaluated how technology choices supported scalability, data integrity, and user adoption. Cloud-native tools and configurable workflows were common themes among high-scoring submissions.
Data Governance and Controls
Robust governance frameworks, including clear ownership, version control, and audit trails, were essential for trustworthy reporting and compliance.
Leadership and Talent Development
The FMBE Awards 2019 underscored the role of leadership in driving financial excellence. Structured mentoring, clear career paths, and measurable competency frameworks helped organizations build resilient finance teams.
Case studies illustrated how leadership accountability, paired with continuous learning, improved decision speed and strategic influence across the business.
Industry Impact and Benchmarking
Participants compared their performance against sector peers using standardized KPIs and maturity models. Benchmarking sessions revealed gaps in automation, data latency, and stakeholder communication.
These insights motivated targeted improvements, with many organizations setting concrete goals for cycle time reduction and insight generation.
Key Takeaways and Next Steps
- Adopt structured, data-driven budgeting and forecasting processes.
- Invest in technology and governance to improve data quality and timeliness.
- Develop leadership and talent pipelines to sustain financial excellence.
- Use benchmarking to identify gaps and prioritize high-impact initiatives.
- Leverage recognition programs to build credibility and motivate continuous improvement.
FAQ
Reader questions
How were winners selected for the FMBE Awards 2019?
Winners were selected by an independent panel using scored criteria in innovation, impact, governance, and sustainability of benefits, with validation of results through documented evidence and stakeholder feedback.
What types of organizations participated in the FMBE Awards 2019?
Entries came from multinational corporations, mid-cap companies, public sector agencies, and shared service centers, each demonstrating financial leadership within their unique operating models.
Can small and mid-sized companies apply for similar recognition?
Yes, the FMBE Awards 2019 included categories tailored for smaller organizations, highlighting how focused initiatives in budgeting, forecasting, and performance management can deliver outsized impact.
What long-term value do the FMBE Awards 2019 bring to participants?
Beyond recognition, participants gained benchmarking insights, best-in-class references, and networking opportunities that supported ongoing transformation and informed future investment decisions in finance capabilities.