The 8th Amsterdam FP&A Board discussed the power of Integrated FP&A. In the video, Asif Khan, Global FP&A Lead at Prosus Fintech and Amsterdam FP&A Board member, talked about the meeting.
Most people have worked with organization wide initiatives such as Enterprise Performance Planning and Integrated Business Planning yet they are not familiar with Integrated Financial Planning and Analysis.
The pressure of globalization and agile decision-making requires companies to improve their business modeling. They must integrate big data in real-time, synthesize that data to identify causal relationships and value-drivers, and ultimately use the findings to make high-impact business decisions.
On March 28th 2019, the New York FP&A Board hosted its 5th meeting at the Michael Page offices in midtown Manhattan. Over 34 high profile finance professionals attended the event sponsored by SAP and Michael Page where the topic of discussion was Integrated FP&A.
Integrated Financial Planning (IFP) and Integrated Business Planning (IBP) mean different things to different people. Primarily because there is no universal definition of what “fully integrated” processes entail. This article presents a maturity model to explain what it means and the capabilities that comprise it.