The topic of discussion at the International FP&A Board in San Francisco on the 19th of October, 2022, was ‘Moving from FP&A to Extended Planning and Analysis (xP&A)’. Although the concept is not new, it has not been an easy journey for most organisations.

The 2nd semi-annual FP&A board meeting in New York happened on October 4th, 2022. This time, the topic of the discussion was “Moving from FP&A to Extended Planning and Analysis (xP&A)”.

Traditional planning methods are well known for extracting insights and steering business decisions in short-term and predictable environments. A more dynamic planning model can be achieved by implementing a more integrated approach to connect strategic planning, detailed forecasting, and operational execution.

Learn more from Western Power’s Head of Business Planning and Reporting about why you always need to invest in employees' skills. 

The International FP&A Board met in London on 28th September 2022 for an insightful and forward-thinking discussion. They explored the challenges faced in the journey from FP&A to xP&A and examined the impact of xP&A on the various aspects of business today. Here you will find some of the case studies and observations shared during this event, including the insights by Saad Siddiqi, Global FP&A Director at Harsco's Environmental Division.

This article looks at the importance of data governance and data literacy. It also explores how as finance professionals, we can help to improve these domains within our businesses and what the benefits are to be gained.