FP&A function is changing rapidly together with our world. xP&A means “Extended Planning & Analysis” and is now slowly taking place of the traditional FP&A. FP&A Business Partnering Maturity Model as below is showing us three stages of different aspects of core FP&A competencies. xP&A is covered under the "Leading State" column. 

In finance, we’re constantly chasing various financial metrics. But focusing on a narrow set of metrics often causes problems. For example, a Market Share growth strategy sounds great, but it often forces you to discount price or significantly increasing acquisition costs. 

As a result, the strategic outcome is often short-lived and can even result in decreased financial performance. What can be done to prevent bad strategy and why are we so surprised each and every time we repeat these same strategic mistakes?

Every month the Managing Director or Country Manager has to report the business results to the CEO or internal board. Depending on the corporate structure, there are different narrative reports, each with a different focus. This defines the role of Financial Planning and Analysis (FP&A) and the information that needs to be collected for future growth. Two opposite cases will make the same point.

In this article, we will move to the bottom line of P&L considering how finance can guide management in resource allocation and drive business profitability.

Decisions make or break a business. Planning is the decision-making process that defines your future business performance.

Whether it is about becoming a world-class strategic finance leader or finding a perfect candidate to join your FP&A team, this digest provides articles on areas that can foster success for your FP&A department.

As an FP&A leader in your organisation be a gentle guide and rigid challenger. Question decisions made with you or just in your presence. Encourage reliance on financial data, not an exchange of opinions.

The new rules and uncertainties of business require leaders in FP&A to be far more adaptable and agile in their strategic Capital Planning process. When capital is not managed effectively, organisations can easily miss their growth opportunities and increase their risk exposure significantly.

In the current highly uncertain business environment, a (Financial Planning and Analysis) FP&A business partner needs to be equipped with defined skills and competencies that bridge technical acumen, technology, and influence. The latest technological advances have enhanced and transformed FP&A / Business Controlling frameworks. Digitised FP&A Business Partnering is now the latest trend that is going well beyond just Finance involving the entire organisation to move FP&A and planning to the next level.

Join our experienced panel of experts to discuss how we can digitise FP&A collaboration in a meaningful, impactful, and measured outcome. 

The Digital Nordic FP&A Board will be held online on the 25th of May 2021 from 5:00 PM to 6:30 PM CEST. 

In times of uncertainty, we found out that traditional business planning does not work very quickly. Budget and forecast become irrelevant whereas multidimensional and integrated scenario planning is a must-have. This is where you see the importance of the concept of xP&A.