Senior finance leaders met at the 13th face-to-face Geneva FP&A Board on November 15th 2022, for an insightful and fruitful discussion. Together they explored the challenges faced when making the journey from FP&A to Extended Planning and Analysis (xP&A).
Business plans often take months to pull together and, in many ways, are outdated by the time the ink dries. We need a better approach to deliver long-term value. Moving from FP&A to Extended Planning is one way to achieve this.
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.