Explore the Best Practices in FP&A in 2016 to Improve Your Processes & Decision-Making
MA (PRWEB) July 08, 2016 -- Recent research by corporate advisory firm CEB found that 25% of decision-makers do not use financial analysis in their decision-making processes, while 61% of FP&A directors use it selectively to validate a gut instinct and nearly half of decision-makers misinterpret the analysis.
It is clear that many organizations are falling down at one stage or another with their FP&A processes. The FP&A Innovation Summit, taking place this September 8–9 in Boston, will address many of these challenges, with over 30 industry leading speakers presenting to more than 200 attendees on how to overcome the challenges they face everyday and exploit the various opportunities arising from new technologies and processes.
One of the key issues for all FP&A professionals is ensuring that employees are aware of the financial goals and that that all financial data is readily available so they can make decisions that align with these. Improvements to data visualization technology has enabled this to a degree, but decision makers still require a degree of knowledge to interpret it.
In an interview ahead of the summit, Scott Sarian, one of the speakers and Director of FP&A at Harvard University, discussed his own experiences, saying: ‘Harvard University is very decentralized, and the Law School itself is as well. When attempting to forecast using a bottoms-up approach, we seek feedback from many different departments and budgeters. As much as we try to set standards regarding how to forecast, inevitably various budgeters will forecast in their own ways – some being more conservative than others, etc. When we aggregate this information from many budgeters, we have to apply a broad stroke to the process, and see if the aggregate total of many departmental submissions is in line with our expectations school-wide.’
Speaking alongside Scott will be José Nazario, Senior Vice President of FP&A at Citi, Ryan Martinez, Director of FP&A Southwest Airlines, and a host of other leaders in the field.
Summit curator, Aaron Fraser, notes that: ’The calibre of speakers at the event is exceptionally high, and with hundreds of senior level executives in attendance there is real potential for new ideas that FP&A professionals can use to ensure their function is seated where it should be - at the heart of their organization.’
The early bird is ending today on passes where these is a saving of $200. For more information on the summit, check it out here: https://theinnovationenterprise.com/summits/fp-a-innovation-summit-boston-2016/schedule
Innovation Enterprise Ltd, a division of Argyle Executive Forum, is a business-to-business media brand specializing in delivering the most innovative business solutions to executive-level decision makers. Innovation Enterprise produces a range on online and offline content, including, but not limited to, summits, online learning, webinars, and white papers, as well as offering other additional services such as lead generation and bespoke research.
Innovation Enterprise focuses on seven key channels - Finance, Supply Chain, Analytics, Big Data, Strategy, Digital, Innovation & Sports - to ensure that organizations are furnished with all the cutting-edge insights necessary to driving growth in the evolving business environment.
Kirsty Donovan, Innovation Enterprise, https://theinnovationenterprise.com/summits/fpa-london-2016, +44 2071933497, [email protected]
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