xP&A, often referred to as extended planning and analysis, is not a new concept, but rather an extension of FP&A principles in other areas of the business, such as supply chain, marketing, workforce, sales, and IT.
This approach is necessary in today's business environment because it allows organizations to integrate data, plans, forecasts and business units into a single strategy. Instead of thinking about finance and operations as separate, we are seeing them as interconnected. As a result, xP&A is capable of transforming both financial and operational planning while also improving your bottom line.