The analyst firm Gartner has written that “By 2024, 70% of new financial planning and analysis projects will become extended planning and analysis (xP&A) projects”. xP&A represents a natural evolution towards more collaborative, integrated and agile planning and forecasting processes at organizations that are striving to improve their performance and resiliency in the face of change and disruption.
While cross-functional integrated planning across (most often) the finance and operations functions is not itself a new idea, xP&A finds new impetus from technological innovations in artificial intelligence and machine learning, reductions in the cost of capturing and storing data, the growth of cloud computing, and external pressures from competitors who are growing in sophistication.
Successfully closing the gap between vision and execution takes a roadmap and a plan. QueBIT’s xP&A Framework combined with decades of immersion in the business and technology of planning form the basis for QueBIT’s approach to developing a practical and actionable xP&A Roadmap customized to each company’s goals and context. In addition, it includes a comprehensive business case that includes key cost and benefit drivers for the components of the roadmap that can be used to communicate the purpose and benefits of the xP&A initiative to internal stakeholders and decision-makers.
What is an End-to-end xP&A Roadmap?
The ultimate aim of this step is to come up with unique and pivotal initiatives, develop an ultra-modern business case, and draft a streamlined roadmap to achieve xP&A.
The QueBIT xP&A Roadmap package represents the third tier in the QueBIT Advisory Services three-tier xP&A offering. It provides most value as the final piece of a full program preceded by the xP&A Strategy Alignment and xP&A Data Assessment tiers, but can also stand alone provided minimum prerequisites are included.
What is xP&A Roadmap?
The approach behind the xP&A Roadmap is to craft a well-defined plan to achieve xP&A after considering value-adding initiatives, prioritizing them based on numerous metrics, and developing a high-level business case.
The workflow involved in this strategy includes:
Defining Value-add Initiatives – Business capabilities are first identified and then grouped into a set of initiatives. The value-add initiatives are categorized based on different metrics like scope, key activities, deliverables, dependencies, and expected resources. This method of defining initiatives helps in visualizing the roadmap to xP&A.
Drafting High-level Business Cases – After coming up with initiatives, the next step is developing a high-level business case. When it comes to a business case, due attention must be given to the particular case that identifies the critical cost-and-benefit drivers for the prioritized initiatives.
Developing the Roadmap – Once the drafting of the business case is done, the final step in the workflow is to align those initiatives to a detailed and well-scheduled roadmap. The roadmap can be iterated to suit the sponsors’ and stakeholders’ needs and requirements accordingly.
xP&A Roadmap Work Products
- End-to-end xP&A roadmap
- High-level business case
With the xP&A Roadmap, you can steer your organization towards unprecedented growth and make the best use of your data. Stand apart from your competitors by availing of QueBIT’s Advisory Service Offering today!
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