The International FP&A Board will open its 20th global chapter in Tokyo on 12 July 2018. The first professional debate will be devoted to the global trends in modern Financial Planning and Analytics (FP&A). 

The Tokyo FP&A Board was launched on the 12^th of July, 2018.

Senior FP&A leaders from Takeda Pharmaceutical, Honeywell, Microsoft, Shiseido, Johnson & Johnson, Bayer Pharmaceuticals, Novo Nordisk Pharma Ltd, and other companies attended the events to guide the development and promotion of better practices in global FP&A, identify, and support new trends, skillsets and innovations.

The speakers from AXA Technology Services Division Japan, Microsoft Japan, DB Schenker and others presented their insights and case studies.

Any business decision-making process requires both analytics and judgment. 

For organizations with annual expense budgets, it is important to have procedures for monitoring expenditures and budget items throughout the year. This article visually describes how to use statistical forecasting models,  uncertainty ranges and space forecasting models for this purpose.

If done correctly, Strategic Finance can represent an immense value-add to your organization while at the same time, reduce the costly time and effort of the Budgeting process.   Make a conscious effort to consider these seven essential tips and will see the benefits. 

A budget is often a strategic anchor rather than a tool that facilitates effective decision making. Success in today’s world means innovative management models that release people from staffing bureaucracy and suffocating controls, and trusting them with information and empowering them to think, reflect, share, learn, and improve

The statistics reveal that 60%-90% of strategy implementations fail and only 14% of executives are satisfied with the execution of a strategy. Why do companies systematically fail to set meaningful and achievable targets that can help close the strategy gap? What should be the role of the FP&A in Strategic Planning?

Considering forecasting as an exercise to assess future financial performance as accurately as possible through a bottom-up approach based on actual facts, it appears necessary for an Organisation to become conscious of its own culture.