Financial Planning & Analysis
Using Big Data Analytics in Executive Reporting
Big Data analytics tools are becoming more popular in organizations. This discussion examines the role these tools play in reporting to executives and the Board and whether it is a good idea to give executives access to these tools as a substitute for regular reports. Additional conversation includes a look into which visuals should be used when creating these reports, the options for exporting visuals and data, and how to clean up the exports in common office software.
Dave Paradi, Owner, ThinkOutsideTheSlide.com
Evolving the FP&A Function Through Cloud Based Planning Software
Follow the journey of the evaluation, selection and implementation of a cloud-based budgeting and planning tool at Editas: A 4-year-old gene editing company focused on cutting-edge science that is looking to develop transformative medicines for patients. Focus on the evolving needs of finance professionals as we take on broader roles within project management, including the changing dynamics within cloud-based planning and budgeting tools, the process redesign needed to help to support the implementation, and obstacles faced along the way.
Jeff Caravella, FP&A, Sr. Finance Director, Editas Medicine
Build Impactful Financial Dashboards Using Microsoft Power BI
As an FP&A analyst, rather than wrestling with data and queries, wouldn't you rather focus on serving your customer—the business—by providing smart analysis, insights and financial guidance? Meet Microsoft Power BI: the latest and greatest BI tool by Microsoft that's making waves. Power BI makes it super easy to clean up messy data; combine data from multiple sources (e.g., general ledger, personnel); define magical measures that you can use everywhere—say goodbye to filling your sheets with endless formulas; and create beautiful and impactful visualization that you can interact with and ask questions (no more walking out of the meetings with 20 action items). Discover all of this and more as we walk through building an actual financial dashboard using Power BI.
Avi Singh, Founder & CEO, LearnPowerBI.com
Micheal Reynolds, MBA, Manager of FP&A, UnitedLex Corporation
The Dark Horse Driving Albertsons Companies Improving Profit Margins
The retail industry is facing a sea of changes, with national grocery store chains feeling the pressure just as much as any other non-perishables retailer. One of the strongest and oldest of those retailers, Albertsons Companies, has adapted and innovated under consumer pressure, serving as a model for all industries. The secret to their financial-improvement transformation? Tapping opportunities within their supply chain through data intelligence and trade finance. Gregg Maxwell, group vice president, shares Albertsons Companies’ most compelling and instructive strategies to provide real financial improvement in a time of increasing consumer and investor pressure.
Gregg Maxwell, Group Vice President NSC Controller Retail Acctg/Payroll, Albertsons Companies
Getting Your Data Ready for Primetime
Organizations that don’t have a data strategy risk limiting their possibilities by spending valuable time on researching, importing and formatting data. However, with a well-structured system organizations can expand their analytical potential to discover root causes and actionable insights. Learn how Hamilton Company went from manually copying data into Excel for disconnected analysis to user-driven BI, built on multi-dimensional data without a new ERP or expensive software. Come away from this session with the tools and understanding you need to begin getting the most out of your data.
Jonathan Crane, CTP, FP&A, Senior Manager, FP&A, Hamilton Company
Russell Price, Financial Analyst, Hamilton Company
The Top 10 Forecasting Mistake - And How To Avoid Them
Whether your organization uses forecasting to supplement the annual budgeting process or intends to use it as a complete substitute, the way you forecast matters—most companies get it wrong. This session examines the top 10 forecasting mistakes and shows you how to quickly correct those errors to create an effective forecasting process. Learn about how these techniques have been implemented at TW Telecom and how they embedded FP&A in the front lines to directly support real-time decision-making and profitable growth, and examine how they created an effective cost conscious culture.
Brad O'Bryan, Director, Financial Planning & Forecasting, ArcBest Corporation
Driving Technology Innovation in FP&A through Staff Development
The pace at which blockchain, machine learning, and artificial intelligence are impacting finance can be overwhelming. Rather than react to solutions pitched by vendors or hoping that internal IT staff will present creative and efficient technological solutions, one FP&A team took steps to become its own technology innovator. Hear how the organization proactively identified tech savvy staff on the existing team and in the hiring process, and then supported them with time and education. As a result, the team was able to develop and implement low-maintenance and low-cost solutions that link operational, financial, and forecast data so that FP&A can stop pulling reports and coloring charts and better analyze and predict the future.
John Bryan, FP&A Supervisor, Chesapeake Corporation
David Adams, Manager - Financial Planning & Analysis, Chesapeake Energy Corporation
It's Not Just Finance: Product Investment Decisions in Corporate Transition
In 2017 CSC and Hewlett Packard Enterprise merged service businesses to form DXC Technology. After the merger an executive investment review committee was established to decide product funding priorities and oversee the new company’s product management organization integration. To effectively identify and fund high value investment opportunities the committee needed to understand product performance, integration progress, and new investments’ potential value creation. However, providing the committee with detailed financial information was a challenge. Attendees learn how financial, operational, management and other information and performance measures can be integrated to enhance new product funding decisions.
Craig Savarese, FP&A, Sr Principal, Decision Support, DXC Technology
Integrating Treasury & FP&A
Sunovion Pharmaceuticals was in the midst of significant organizational changes including acquisitions, new internal financing processes, and major investments to launch products. In this rapidly changing environment, they needed more advanced balance sheet modeling, planning, and cash forecasting capabilities in addition to tight collaboration and integration between treasury and FP&A. Learn how Sunovion met this challenge head on while significantly improving cash forecasting accuracy, deploying a best practice based treasury and FP&A operating model, and leveraging a foundation for continuous improvement.
Alexander Galitsky, Director - Finance Transformation / Strategy & Operations, Peloton Group
Marc McCrillis, Director, Financial Planning & Analysis, Sunovion