In this video, Sebastian Poduch, Head of FP&A at Royal Schiphol Group, shares his experiences utilising Predictive Analytics in Finance and Business. He exemplifies various aspects of applying Predictive Analytics, such as detailing its potential use, creating a specific framework, and outlines challenges he overcame while implementing this technology in different organisations.

At the recent FP&A Trends webinar on the 28th of September, senior finance practitioners and thought leaders shared their practical insights and real-world experiences on how to uplevel your planning and forecasting strategies.

Christine Fromont speaks about how Novartis has shortened a planning period from a 9-month to a 6-week cycle. She also tells from experience what processes and mindset changes her company dealt with during predictive planning implementation. Finally, Christine summarises her presentation with the top 6 lessons she has learned during their journey to predictive analytics.

This year, responses were gathered from 385 finance practitioners, covering companies of all sizes, from all regions, and industries.

In this article, the author explores the benefits of Predictive Planning and Forecasting and outlines how businesses can implement this approach successfully, referring to her practical experience at Novartis.

Our research paper explores the combination of PA with xP&A and how organisations are using this combination to transform their planning and forecasting processes to create a more analytical and harmonised approach.