Plan your business with Lucanet xP&A – 360° visibility and more informed decisions

For corporate finance teams, financial planning and analysis (FP&A) processes have long been a key tool for structuring budgets, forecasts, and financial reporting. They support strategic decision-making and the assessment of the impact of external and internal factors on the business.

However, traditional FP&A practices often remain isolated – different departments work with their own data, which is challenging to integrate. The result is a lack of synchronisation, limited communication, and inconsistent business results. At the same time, to remain competitive, companies need standardised and integrated financial processes.

Extended planning and analysis (xP&A) offers just that.

By extending the principles of FP&A beyond finance to sales, marketing, and human resources, xP&A breaks down barriers between departments. The result is a unified, transparent, and flexible view of business results and planning.

360° financial transparency

When financial information is synchronised and consistent, xP&A not only strengthens internal relationships and improves accountability but also creates conditions for fundamental transformation. Every action can be traced back to specific financial and budget results, which is a prerequisite for more confident and strategic management.

In an unstable economic environment, data transparency is a decisive factor for effective decision-making and maintaining commercial flexibility in organisations. This is where extended planning and analysis show their strength.

From a technical point of view, xP&A builds on traditional FP&A by standardising data across the organisation. Integrated financial and operational planning emphasises real-time decision-making, contributing to rapid response to market changes.

Read more: Sunotec consolidates its financial statements using Lucanet 

Key steps on the path to xP&A

The transition to integrated financial and operational planning requires a transparent methodology and careful preparation, which includes:

• Assessing the current state of your financial planning process and identifying weak links.
• Reviewing your technology infrastructure: “Does it offer sufficient flexibility and scalability to support xP&A?”
• Focusing on integration – harmonising data across departments is key to success.

xP&A is not just an evolution of financial planning—it is a tool for achieving transparency and strategic sustainability across the entire organisation.

Once you have laid the groundwork, the next step is to implement the extended financial and operational planning and analysis solution. A key focus is the integration of financial and operational data. This is the basis for a comprehensive and consistent picture of the business.

As with any business transformation, senior management support is crucial. Leaders are the ones who can encourage the adoption of the new solution and promote its benefits among employees.

Roadmap and change management

Successful implementation of xP&A requires not only a technological solution, but also a well-planned organisational transformation process. To ensure a smooth transition:

• Develop a detailed roadmap that clearly defines the stages, priorities, and deadlines for implementation.
• Describe all changes in processes and systems that will affect teams and include them in the communication and training plan.
• Invest in change management by providing training, guidance, and ongoing support to employees—the key to effective adoption of the new working model.

Read more: MFG reduced financial consolidation time from 7 days to 2 days [case study]

xP&A is not just another tool—it is a strategic evolution in the way an organisation plans, analyses, and makes decisions. Its success depends on committed leadership and consistent change management that turns technology into real added value.

xP&A as an engine for sustainable growth

The implementation of xP&A fundamentally changes the way organisations plan and analyse their activities. By combining financial and operational data across all departments, this approach ensures complete transparency, better collaboration, and harmony between strategic goals and daily processes.

The result is more informed and faster decision-making, increased efficiency, and a sustainable competitive advantage. Thanks to advanced solutions such as Lucanet’s xP&A platform, companies can confidently adapt to the dynamic market environment and build a solid foundation for long-term success.

This allows all departments to work in unison, driven by a shared vision and strategic goals.

Read more: Lucanet xP&A: The evolution of financial planning and analysis in the age of data

With extensive experience in financial planning and analysis, Balkan Services is a trusted partner for the implementation of Lucanet xP&A – a leading solution for integrated planning, financial consolidation, and economic data analysis. Our team of certified consultants offers comprehensive expertise – from strategic consulting to full implementation and training of your team.Lucanet xP&A is part of a comprehensive financial management platform that provides transparency, automation, and data reliability – key factors for effective business management.

Source: Lucanet

At Balkan Services we have expert knowledge of business, technology, and legislation, and we speak all three languages. We will listen carefully and advise you on choosing the right business system for your needs.

Balkan Services has been supporting businesses on their digital transformation journey since 2006. We have already helped over 270 companies to digitalize their business by implementing well-established software solutions and IT infrastructure management.