How does your FP&A organization perform, versus your industry group, companies your size and the broader community?
Financial planning and analysis (FP&A) professionals only have only a few more weeks to participate in the 2016 AFP FP&A Benchmarking Survey , conducted in partnership with IBM.
This year’s survey, the first in a series, asks questions on key FP&A metrics (costs, FTEs, cycle times, variances, error rate, etc.) and policies with the goal of identifying best-in-class FP&A operations. The survey includes about 30 questions (including demographic information) and can be completed in stages at participants’ convenience. Also available within the survey is a list of survey questions to facilitate gathering of data and information prior to survey participation.
Following conversations with AFP members about their FP&A processes, AFP saw a need for FP&A professionals to exchange best practices and learn from each other, explained Nilly Essaides, AFP's director of financial planning and analysis practice. “In collaboration with IBM, we’re looking at different things FP&A professionals do—their forecasting processes, their budgeting processes, talent management, what data and technology they use—and we allow people to put in their information so that they can benchmark themselves against others,” she said.For more information and to participate visit the FP&A Benchmarking webpage.