Skip to main content
Home
The Online Resource for Modern FP&A Professionals
Please register to receive the latest FP&A news, updates and tips Login

Main menu

  • Home
  • FP&A Insights
    • FP&A Trends Digest
    • FP&A Trends Research
    • FP&A Trends Insight Paper
    • FP&A Trends Survey
    • Short Videos
    • Our Contributors
  • FP&A Events
    • International FP&A Board
    • FP&A Trends Webinars
    • Digital FP&A Circles
  • AI/ML Committee
    • Introduction
    • Members
    • Resources
    • Meetings
  • FP&A Tools
    • FP&A Trends Maturity Model
  • About Us
    • Company Policy
    • Privacy Policy
    • Editorial Guidelines
    • Our Ambassadors
    • Our Sponsors & Partners
    • Contact Us
FP&A Analytical Transformation in Boston
March 6, 2018

boston

Last year, the International FP&A Board successfully launched its Boston chapter. This March, we held another meeting in Boston which proved to be no less fruitful than the previous.

25 senior finance practitioners gathered together at a beautiful Regus take a closer look at the subject of FP&A Analytical transformation. They represented large organisations including Bosch, Elsevier, Fidelity Investments, State Street, Talbots, Teva Pharmaceutical and many others. A mix of different industries and the combined expertise of more than two dozen professionals created a favourable atmosphere for discussion and cooperation.

Agenda

  • Advanced Analytics for agile and integrated FP&A 
  • Are we ready for predictive, prescriptive, visual and big data analytics in finance?
  • Integrated Financial Planning and Analysis
  • What are the key stages in FP&A analytical transformation? Review of FP&A Analytics Maturity Model. Group work
  • Conclusions and recommendations

At the end of the meeting, the Board summed up all that had been discussed and drew several conclusions:

  • The traditional budgeting and targets culture where up to 80% of planning and forecasting activities are based on "judgment" is the biggest barrier to FP&A transformation.
  • To change outdated trends, we should rethink the ways we generate "performance targets".
  • The culture is changing from the top. However, the latest analytical advances are changing the culture as well.
  • One of the biggest analytical challenges lies in the identification of key external and internal business-drivers in the sea of evolving data.
  • To be essential for the modern decision-making, the driver-based planning model is expected to integrate all planning processes through cascaded drivers and integrated systems.
  • FP&A professionals are also required to be familiar with data science. Leading FP&A organisations already work with data-driven models.
  • Data quality is often neglected and therefore continues to be a big issue.

The International FP&A Board is very grateful to Regus and CCH Tagetik for sponsoring this event.

Related articles

Financial Planning and Analysis: a Blueprint for Analytical Transformation
April 9, 2016

What are the basic ingredients of advanced FP&A analytics? Getting the discussion underway the Board’s founder...

Read more
FP&A Transformation: What to Consider
April 17, 2017

For quite some time CFOs and the finance community have been talking about transforming the finance...

Read more
FP&A Transformation Through Effective Organisational Structure
May 24, 2019

FP&A has an impact on the organisational structure, enhanced by the possibilities of new technologies. Where...

Read more
Transforming Finance: From Controlling to Finance Business Partnering Function
October 11, 2019

Does your finance department add true value to the business? Do you see finance influence decision...

Read more
+

Subscribe to
FP&A Trends Digest

We will regularly update you on the latest trends and developments in FP&A. Take the opportunity to have articles written by finance thought leaders delivered directly to your inbox; watch compelling webinars; connect with like-minded professionals; and become a part of our global community.

Create new account

Pagination

  • ‹‹ Previous
  • September 2023
  • Next ››
Su Mo Tu We Th Fr Sa
27
28
29
30
31
1
2
 
 
 
 
 
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Moving from FP&A to Extended Planning and Analysis (xP&A)
 
Moving from FP&A to Extended Planning and Analysis (xP&A)
 
24
25
26
27
28
29
30
Creating Your Transformation Map with the FP&A Trends Maturity Model
 
Using AI to Enhance Your Predictive Planning and Forecasting
 
All events for the year
Data and Analytics
Data & Analytics
FP&A Case Studies
FP&A Case Studies
FP&A Research
FP&A Research
General
General
Integrated FP&A
Integrated FP&A
People and Culture
People and Culture
Process
Process
Technology
Technology

Future Meetings

The Face-to-Face London FP&A Board
The Face-to-Face London FP&A Board Creating Your Transformation Map with the FP&A Trends Maturity Model
September 27, 2023
The FP&A Trends Webinar
The FP&A Trends Webinar Using AI to Enhance Your Predictive Planning and Forecasting
September 28, 2023
The Power of AI and Human Intelligence in FP&A
The FP&A Trends Webinar Empowered Decision-making: Human-Led, AI-Backed Intelligence in FP&A
October 4, 2023
The Face-to-Face Amsterdam FP&A Board
The Face-to-Face Amsterdam FP&A Board Five Critical Roles for Building a World-Class FP&A Team
October 5, 2023
ZBB
The FP&A Trends Webinar A New Age of Zero-Based Budgeting
October 10, 2023
The FP&A Trends Webinar
The FP&A Trends Webinar Navigating Intelligent Transformation with FP&A Trends Maturity Model
October 11, 2023
The Face-to-Face New York FP&A Board
The Face-to-Face New York FP&A Board FP&A Storytelling in a Data-Driven World
October 12, 2023
The Face-to-Face Toronto FP&A Board
The Face-to-Face Toronto FP&A Board FP&A Storytelling in a Data-Driven World
October 17, 2023
Value Adding FP&A
The FP&A Trends Webinar Mastering the Art and Science of Value Adding FP&A
October 18, 2023
FP&A Storytelling in a Data-Driven World
The Face-to-Face San Francisco FP&A Board FP&A Storytelling in a Data-Driven World
October 19, 2023
The Face-to-Face Seattle FP&A Board: FP&A Storytelling in a Data-Driven World
The Face-to-Face Seattle FP&A Board FP&A Storytelling in a Data-Driven World
October 24, 2023
The Face-to-Face Boston FP&A Board
The Face-to-Face Boston FP&A Board Creating Your Transformation Map with the FP&A Board Maturity Model
October 26, 2023
Geneva FP&A Board
The Face-to-Face Geneva FP&A Board FP&A Storytelling in a Data-Driven World
November 7, 2023
Continuous Planning
The FP&A Trends Webinar Real-Time and Continuous Planning: What Does It Involve
November 8, 2023
Zurich FP&A Board
The Face-to-Face Zurich FP&A Board FP&A Storytelling in a Data-Driven World
November 9, 2023
The Face-to-Face Munich FP&A Board
The Face-to-Face Munich FP&A Board Moving from FP&A to Extended Planning and Analysis (xP&A)
November 14, 2023
Helsinki
The Launch of the Face-to-Face Helsinki FP&A Board Modern Financial Planning and Analysis (FP&A): Latest Trends and Developments
November 16, 2023
From Insights to Impact: Unveiling the Potential of FP&A Scenario Management
The FP&A Trends Webinar From Insights to Impact: Unveiling the Potential of FP&A Scenario Management
November 22, 2023
The Launch of the Face-to-Face Riyadh FP&A Board
The Launch of the Face-to-Face Riyadh FP&A Board Modern Financial Planning and Analysis (FP&A): Latest Trends and Developments
November 27, 2023

Please register to receive the latest FP&A news, updates and tips.

info@fpa-trends.com​

              

Foot menu

  • FP&A Insights
  • FP&A Board
  • FP&A Videos

Footer countries

  • Amsterdam
  • Austin
  • Boston
  • Brisbane
  • Brussels
  • Chicago
  • Copenhagen
  • Dubai
  • Frankfurt
  • Geneva
  • Hong Kong
  • Houston
  • Kuala Lumpur
  • London Board
  • London(Circle)
  • Melbourne
  • Miami
  • Munich
  • New-York
  • Paris
  • Perth
  • San Francisco
  • Seattle
  • Shanghai
  • Singapore
  • Stockholm
  • Sydney
  • Tokyo
  • Toronto
  • Washington D.C.
  • Zurich

Copyright © 2023 fpa-trends.com. All rights reserved.

0