Extended P&A Mindset: Time to Align on Strategic Goals
April 5, 2022
Hosted by Bonnie D. Graham
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Guest Information
Episode Description
The Buzz 1: We’ve all heard these 'old saws' and know they're true: “A goal without a plan is just a wish.” “By failing to prepare, you are preparing to fail.” “Plan your work and work your plan.” The Buzz 2: “We don’t hand aircraft pilots 50 pages of Excel reports after they’ve landed the plane, telling them they went to the wrong airport or they ran out of fuel. They have real-time insight into the external environment and the aircraft operations.…It’s essential for FP&A and performance management to be viewed holistically like that…We should be helping to successfully land the aircraft.” (Jack Alexander, author: Financial Planning and Analysis and Business Performance Management) The Buzz 3: “Gartner coined the term 'xP&A' in 2020, but…Expanding FP&A beyond finance has been a best practice for several years – referred to by many names: connected planning, collaborative enterprise planning, integrated business planning, and company-wide planning….” (https://insights.sap.com/what-is-xpa) Better planning leads to better results, especially for the CFO's Finance team. But is “better” good enough in our era of perpetual business change and turmoil? Finance experts agree that more is needed to optimize Finance’s performance and value to the organization. How? The Financial P&A profession needs to evolve to Extended Planning and Analysis 'xP&A' to strengthen cross-business collaboration, create aligned plans, and rapidly transition from gaining enterprise-wide insights to taking action. This requires not just the latest technology, but an overhaul of processes to align operational and financial planning with strategic goals. We’ll ask Pras Chatterjee at SAP, Bryan Lapidus at the Association for Financial Professionals, and Jeff Hattendorf at Macrospect for their insights on the Extended P&A Mindset: Time to Align on Strategic Goals.
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Bonnie D. Graham
Bonnie D. Graham produced and hosted her first live talk radio show in 1998 on AM1240–WGBB, Long Island, NY’s oldest terrestrial radio station. A few years later, she moved from terrestrial to Internet radio with her author interview show, “Up Close and Personal.” In 2011, working at the enterprise software leader SAP, she developed the concept for a weekly live global business thought leadership roundtable series on the VoiceAmerica Business Channel – and launched “Coffee Break with Game-Changers” on October 5, 2011. Over the next nine years, Bonnie D. created, produced and hosted 46 additional SAP series on the Business Channel, attracting millions of listeners around the world. Since becoming an independent broadcaster in 2019, she has developed and hosted live radio and podcast series on the Business Channel for eight additional organizations, as well as her own weekly series, “Read My Lips: Cool Conversations with Creatives with akaRadioRed,” on the Empowerment Channel. In 2023, her live-streaming “Technology Revolution: The Future of Now” series was ranked No. 6 on FeedSpot’s Top 70 Technology Podcasts to Listen to in 2023. What powers Bonnie D.’s passion for radio? She “loves speaking with smart people!”
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