The future of Financial Planning & Analysis in the public sector

We explore how public sector FP&A functions can transform to create long-term value.

The role of Financial Planning & Analysis (FP&A) in the public sector has evolved to take on a bigger stake in supporting the organization to manage digital, socioeconomic and demographic disruptions. FP&A teams are under pressure to quickly consolidate and synthesize the financial ramifications of disruptions, as well as forecast the potential impact of operational and tactical decisions. Existing FP&A tools and processes are not fit for purpose, and teams are under strain to deliver “what if” answers in a cycle time measured in hours rather than months.

CFOs play a critical role in empowering their FP&A leaders to drive change and adapt their organizations to volatility. FP&A must transition to strategic and adaptable planning, integrated with operations and risk, and enabled by technology, analytics and the right skill sets.

In the first of our three-part Finance Reimagined Series on the future of FP&A, we explore how public sector FP&A functions can transform to create long-term value. We will share market trends surrounding the FP&A process and how data, people and process play a key part in delivering business resilience. We will also discuss how cost allocation methodologies are key to driving collaboration between the management and finance team as trusted partners.

Agenda

• Megatrends outlook
• Challenges and opportunities for public sector FP&A
• Cost allocation methodologies

Speakers

• Ronald Wong, Financial Accounting Advisory Services Leader and Partner, Ernst & Young LLP
• Adele Liew, Partner, Financial Accounting Advisory Services, Ernst & Young LLP

This event is now over. For enquiries, please contact the organizer.