As organizations realize the potential of financial planning and analysis (FP&A) as a tool that can enrich budgeting, planning and forecasting beyond the walls of finance, extended planning and analysis (xP&A) is gaining steam.
As organizations realize the potential of financial planning and analysis (FP&A) as a tool that can enrich budgeting, planning and forecasting beyond the walls of finance, extended planning and analysis (xP&A) is gaining steam.
The question is, how fast?
In this report1, Gartner discusses the findings of The Extended Planning and Analysis Maturity Research Circle Survey. According to the analyst “the primary objective was to test the hypothesis that, through 2024 a majority of enterprises would integrate or align FP&A with at least one other operational planning area and to identify the top areas of consideration”.
What you’ll learn
- “Survey respondents overwhelmingly (96%) agreed with Gartner that their organization would adopt a planning strategy integrating or connecting FP&A to one or more operational planning applications by 2024” The top operational planning areas considered for alignment are S&OP, workforce, sales and IT planning
- The top approaches for aligning financial and operational plans include Excel, business intelligence tools, integrated financial planning tools
