The move from FP&A (Financial Planning and Analysis) to xP&A (Extended Planning and Analysis)
Unify planning across your organization to achieve a real-time 360° view
How to operationally measure the performance of multiple processes across the enterprise, effectively detect trends and problems before they impact the bottom line? And what is the best path to a unified, extended strategy for finance that enables better insights and better decisions across the organization? The answer to these questions is Extended Planning and Analysis (xP&A).
Financial Planning & Analysis (FP&A) provides organizations with vital planning, budgeting, and forecasting abilities, so important strategy decisions can be made. Extended Planning & Analysis (xP&A) gives operational departments the same power – and more. With xP&A, the power of FP&A can be extended to every department to create continuous, company-wide plans that are more comprehensive, more agile, and more accurate. A solid data foundation provides the basis for collaborative, unified planning that extends way beyond the finance office and enables 360° planning.
With xP&A, the FP&A planning practice of using financial, non-financial and external data is extended to departments beyond finance. xP&A helps you to overcome traditional boundaries, bridge performance management gaps, and benefit from richer context to numbers. xP&A can deliver a more comprehensive picture of performance across the board.
In this eBook you’ll learn:
– Why the transformation from FP&A to xP&A is happening
– What xP&A is and what impact it has on Finance
– What benefits can be achieved with the implementation of the xP&A strategy
– How Jedox supports your xP&A approach