AFP President and CEO Jim Kaitz will be making the rounds this month and next, speaking at three different conferences on the changing role of the finance team.
First up is Anaplan, which takes place March 27-29 in San Francisco. Next is the Oracle Modern Finance Experience, April 11-13 in Boston. Finally, Kaitz will fly to Riyadh in the Kingdom of Saudi Arabia for CERTX, which runs April 18-20. At each of these events, he’ll be looking at why finance executives need to make investments in their staff members—particularly those in financial planning and analysis (FP&A).
According to data from APQC, 64 percent of executives report that the FP&A position is the hardest one to fill. Furthermore, in today’s business environment, employee retention can be incredibly difficult. In order for companies to keep the FP&A talent they have on hand, they need to provide people with the opportunity to grow.
Investing in your employees not only benefits them; it also pays dividends for the organization. Studies have shown that keeping employees excited and motivated results in businesses being more agile and innovative—and the highest performers want to stick around, rather than look for other opportunities.
In the case of FP&A, the function is gradually becoming a strategic player across the organization, as Deloitte’s CFO Insights series noted last month. If finance isn’t making a substantial investment in FP&A and its team members, it will only hurt the business in the long run.
AFP understands that FP&A plays a key role in the evolving finance function. In each of his upcoming speeches, Kaitz will outline key actions finance departments can take to invest in FP&A and make it stronger. Attendees will receive insights they can take back to their organizations and apply as necessary.
So if you’re in San Francisco, Boston or Riyadh in the coming weeks, don’t miss AFP’s Jim Kaitz as he provides a glimpse into the finance departments of tomorrow. We have to understand that the future is coming faster than we think—and we need to be ready for it.