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2018 Financial Forecasting, Analytics and Transformation Summit – Chicago

The traditional finance function has undergone significant change over the past few years and has evolved towards that of a strategic partner. Finance is no longer focusing only on traditional reporting and cost reduction, but streamlining the tradition roles and providing value-added analysis to the business to uncover key areas of competitive advantage. This summit offers a unique blend of pertinent and timely finance topics and discussions focused on 5 main themes to help you achieve the next generation of finance:

  • Finance as a Strategic Business Partner and Leader
  • Building the Multifaceted Finance Team
  • The Journey of Finance Transformation
  • Data and Analytics Strategy – Data Quality, Governance and Visualization
  • Continuous Planning and Rolling Forecasts

 

 

Attend this summit and walk away with real, concrete and actionable solutions while expanding your professional skill sets. Attendees from a wide range of industries and functional backgrounds make it a goal to attend every year. This broad makeup provides exceptional networking opportunities to enhance attendees’ experience at the event. The high level of attendee/speaker collaboration and engagement at the summit truly makes this a unique and favorable offering.

The Financial Forecasting, Analytics and Transformation Summit is also part of our flagship Business Forecasting and Analytics Forum consisting of 4 focused tracks. If you register for this summit, you are able to attend any session that you wish within the forum giving you more choices to consider!

2018 Financial Forecasting, Analytics and Transformation Summit – Chicago

  • September 17-18, 2018
  • Chicago, IL
  • $999.00$1,599.00

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  • Get 14 CPE Credits!
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    Product Description

    The traditional finance function has undergone significant change over the past few years and has evolved towards that of a strategic partner. Finance is no longer focusing only on traditional reporting and cost reduction, but streamlining the tradition roles and providing value-added analysis to the business to uncover key areas of competitive advantage. This summit offers a unique blend of pertinent and timely finance topics and discussions focused on 5 main themes to help you achieve the next generation of finance:

    • Finance as a Strategic Business Partner and Leader
    • Building the Multifaceted Finance Team
    • The Journey of Finance Transformation
    • Data and Analytics Strategy – Data Quality, Governance and Visualization
    • Continuous Planning and Rolling Forecasts

     

     

    Attend this summit and walk away with real, concrete and actionable solutions while expanding your professional skill sets. Attendees from a wide range of industries and functional backgrounds make it a goal to attend every year. This broad makeup provides exceptional networking opportunities to enhance attendees’ experience at the event. The high level of attendee/speaker collaboration and engagement at the summit truly makes this a unique and favorable offering.

    The Financial Forecasting, Analytics and Transformation Summit is also part of our flagship Business Forecasting and Analytics Forum consisting of 4 focused tracks. If you register for this summit, you are able to attend any session that you wish within the forum giving you more choices to consider!

    Below is a preliminary agenda of topics and learning objectives at the summit.  Session topics are subject to change.


    Schedule

    September 17th, 2018

    7:45am Registration and Breakfast


    8:30am Opening Keynote


    9:45am-12:00pm Break-out Best Practice Sessions


    12:00pm-1:00pm Lunch


    1:00pm-5:00pm Break-out Best Practice and Implementation Sessions


    5:00pm-7:00pm Cocktail Reception 


    September 18th, 2018

    7:45am Registration and Breakfast


    8:30am Opening Keynote


    9:45am-12:00pm Break-out Best Practice Sessions


    12:00pm-1:00pm Lunch


    1:00pm-4:30pm Break-out Best Practice and Implementation Sessions


    4:30pm Adjourn 




    Topics and Themes

    Intriguing and Engaging Keynote Topics:

    Collaborative Forecasting and Insights

    Establish integrated business planning through synchronized forecasting processes

    • Develop, implement, and manage collaborative forecasts
    • Establish collaborative planning and forecasting partnerships
    • Make transparent, interrelated and aligned business assumptions
    • Capitalize on collective knowledge & decision making, while reducing redundancy

    Using Big Data to Enhance Demand-Driven Forecasting and Planning

    Using real-time information to sense demand signals and respond quickly to changes in demand

    • Create valuable and actionable insights from large amounts of data
    • Establish demand forecasting and planning processes before any technology adoption
    • Harnessing Big Data to support the identification of new market drivers and key performance indicators that influence consumer demand

    Future of Forecasting and Analytics

    Machine intelligence, cognitive bias, and human nature

    In this keynote, futurist and intelligence analyst Eric Garland explores where the predictive arts are headed as its professionals are faced with increasing computational power, more sophisticated software, and the persistent tragi-comedy of human nature.

    Drawing from 50 years in the history of organization foresight and his own 20 years in the field as an analyst, Garland predicts where forecasting is headed. He claims that Moore’s Law and proliferation of ubiquitous sensing platforms will be the main drivers, and that human psychology will – like always – be the real hurdle to superior leadership.

    In his trademark style, Garland will intersperse predictions about the future of big data and predictive analytics with the most amusing “total fails” in the history of the intelligence profession, just so we keep perspective as we conclude an enriching and challenging Summit.

    Elevating Finance In Strategy Execution

    In ever increasing numbers, CEOs are calling on Finance to be “more strategic,” but exactly what this means is rarely defined.  Strategy execution (M&A, capital expenditures, Marketing & IT investments, and other tactical initiatives) offers Finance an ideal opportunity to transform this vague commission into tangible results.

    Finance is uniquely positioned to improve profits and boost ROI with advanced practices in problem solving and decision-making.  In this workshop, you’ll learn how to: Select effective decision specialists, Equip them with techniques that produce better business solutions, and Position your specialists for maximum effectiveness

    Best Practice and Case Study Topics:

    Next Generation Finance – Finance as a Strategic Business Partner

    Building strategic partnerships with key stakeholders to become more effective leader

    • Interpreting, explaining and driving performance within the organization
    • Presenting a dynamic industry, competitor and economic context
    • Supporting and influencing key operational and strategic decisions
    • Advising on key business planning assumptions, trade-offs and opportunities
    • Providing ad-hoc analysis and insights on specific issues

    Improving Forecast Risk Management via Top Down Analytics

    • Leverage statistical analysis to understand the risk profile of bottom-up forecasts
    • Monitor trade inventory risks and opportunities
    • Understand and account for forecast bias

    Data Governance: Creating Value from your Data

    Leverage your accessible, trustworthy data to drive new revenues, re-imagine business processes and improve the customer experience

    • Align data governance to business strategies and goals
    • Establish an operating model for success empowering everyone to use the data to optimize data
    • Assemble a data governance team to define and ensure best practices
    • Create business-relevant metrics associated with data governance policies

    FP&A: Creating Value Through Insight

    Leverage financial planning and analysis to provide true business impact

    • Leading insight generation and align business to the data and understand what impact it has on the organization
    • Becoming the strongest influencer by supporting executives with data and then guiding the organization through times of uncertainty
    • Effectively translating the organization’s strategy into action, ultimately driving business success and shareholder value

    Transforming Finance: Leveraging Analytics and Intelligence

    In this session, attendees explore what finance transformation and innovation is and what it means to them. Starting with a common current state basis, we will:

    • Move through finance organizational models to
    • Consider how finance’s role is transforming and
    • Innovate towards the future state of finance

    Keeping Organizational Data Safe – Data Management and Security

    Setting strategic measures to protect your organization’s information

    • Building a successful data stewardship with a governance framework
    • Collecting input from all stakeholders across the organization to understand their concerns and challenges
    • Creating a continuous awareness and training regarding roles, policies, etc. throughout the organization
    • Constantly measuring, monitoring and performing scenario planning exercises to find weaknesses in the strategy
    • Promote open communication between all stakeholders

    Continuous Planning and Rolling Forecasts

    Utilize rolling forecasts to adapt to dynamic business challenges and opportunities

    • Utilize the advantages of re-forecasting and rolling forecasts
    • Maximize continuous “driver based” forecasting to keep your planning current and accurate
    • Analyze, interpret and integrate rolling forecast processes across the organization
    • Link the forecast to strategic and operational decisions

    Avoiding Business Analytic Failures & Road Map for Implementation

    Through case studies of successes and failures you will learn the expected outcomes to compare your organization and assess the viability of the practical use of business analytics to improve performance or whether such efforts can be muted or meaningless.  Once the threshold of culture is answered then a framework for the road-map of engaging analytics is discussed to cover the attributes of the systems, processes, and people that then determine the scope of business analytics that can be deployed and its rapidity.

    Financial Modeling and Driver Based Planning

    Link financial forecasting to operational drivers and key performance indicators

    • Create cause-and-effect relationships linking business drivers to financial and operational outcomes
    • Apply a methodological approach to testing assumptions and scenario analysis
    • Leverage financial intelligence to better predict financial outcomes

    Utilizing Predictive Analytics to Identify Business Drivers

    Predict trends, understand customers, improve business performance, drive strategic decision-making, and predict behavior

    • Harness the ability to respond predictively and proactively to customer needs and wants
    • Enabling information streams to be accessed, analyzed and shared in real time
    • Drive strategic decision-making with insights from predictive analytics models

    Empowering Users with Self Service Business Intelligence

    Allowing end users to spend more time analyzing data for their needs

    • Creating a company-wide data governance policy to include SSBI
    • Cultivate a culture that embraces data-informed decision making
    • Encouraging interdepartmental collaboration
    • Align technology with the needs and skill levels of the end users

    Benchmarking for Improved Financial Performance

    Gain insight into gaps, opportunities and areas in which your organization can focus on and improve

    • Select and prioritize areas in need of improvement based on the strategy of the organization, competitive
      advantage, the impact of potential improvement and likelihood of success
    • Develop a database of accurate, timely and relevant internal data that lead to analysis of current performance against best in class results
    • Identify the causes of the current performance gap and eliminate the root causes for excess cost and effort

    Using Scenario Planning to Mitigate Risk

    Enhancing your organization’s competitive position and the ability to adapt to an ever-changing global environment

    • Helping foster a continual assessment of strategic actions to be taken
    • Utilizing scenario planning from capital planning to strategic investments to projecting talent needs
    • Using econometric analysis to enhance the competitive advantage of a business

    Developing a Successful Data Integration Strategy

    Create targeted efforts to source data, build models, and transform organizational culture

    • Improve collaboration: aligning IT and analytics
    • Maturity life-cycle: how to differentiate unstable data and mature data
    • Identify and leverage how different groups in the enterprise support analytics

    Building a High-Performing Finance Team

    Create a highly adaptive team while fostering a culture of creativity and innovation

    • Develop an effective financial data management system that promotes stewardship and governance
    • Streamline financial data to make advanced analytics available to a broader audience throughout the organization
    • Create a framework that aligns reporting and analytics to organizational objectives
    • Organize FP&A teams to ensure efficiency in the analytics and reporting processes

    Data Visualization, Analytics, & Storytelling

    Drive intelligent decision making by presenting data and insights in a simple and impactful manner

    • Learn how to optimize the 3 C’s of data visualization: clarity, connectivity and concentration
    • Best practices on segmentation of data, checking legibility and focusing on the subject
    • How to design ways to keep users engaged

    Elevating Finance In Strategy Execution

    In ever increasing numbers, CEOs are calling on Finance to be “more strategic,” but exactly what this means is rarely defined.  Strategy execution (M&A, capital expenditures, Marketing & IT investments, and other tactical initiatives) offers Finance an ideal opportunity to transform this vague commission into tangible results.

    Finance is uniquely positioned to improve profits and boost ROI with advanced practices in problem solving and decision-making.  In this workshop, you’ll learn how to: Select effective decision specialists, Equip them with techniques that produce better business solutions, and Position your specialists for maximum effectiveness

    Fast Data: The New Big Data

    Capturing the value of data in real-time to provide immediate insights

    • Leverage multiple streams of real-time data to make in-the-moment decisions
    • Create new business opportunities and smarter, more individualized customer experiences
    • Optimize demand forecasting and quickly address data errors

    In-Depth Application Workshops:

    Practical Demand Planning Segmentation

    How to apply Demand Planning Segmentation to improve planning and collaboration

    This workshop goes beyond the four boxes of Demand Planning Segmentation and shows you how to use this powerful analytical tool to improve your planning and collaboration efforts. Demand Planning Segmentation is a proven analytical process, and by itself often doesn’t return meaningful business results. This workshop will cover what the results mean and what actions to consider. You will learn the core principles of Demand Planning Segmentation, including some simple math, along with how to utilize the outputs to improve your planning and collaboration.

    Digital Forecasting and Analytics

    We increasingly want to make our reporting predictive and analytic. A forecast is just a predictive model. But how do you build forecasting into your work? In this workshop, we will start at a very basic level and work our way up to more advanced forecasting techniques. We will introduce and review concepts like smoothing, banding and breakouts. We will then consider different kinds of forecast challenges – limited data, seasonality, variation, product cycles – and potential ways to model and handle the difficulties they present.

    We will examine the role of exogenous variables and discuss how/whether to include them in a forecast. Since our problem set is focused on digital, attendees with experience with different variable types are encouraged to share their knowledge. Finally, we will cover the forecasting life-cycle and the ways you can embed continuous improvements into the process.

    Aligning Operational and Financial Strategy Through IBP

    Research and practical experience tell us that there is a gap between financial and commercial operations in many businesses.  While S&OP and IBP offer the promise of closing this gap, in many instances, reality does not measure up.  This session provides participants with hands on case studies that help the two groups experience what it is like to be in the other’s shoes and provide practical examples of how these learnings can be implemented in S&OP and IBP.  The first case study helps finances stakeholders understand the operational implications associated with inventory targets within the context of S&OP and IBP; the second case study helps operations stakeholders convert financial strategies using S&OP and IBP as the platform for operational action.  Session participants are provided with all the materials and necessary to assess the two cases using paper and pencil; laptops and tablets are not required for the session.  If you are interested in learning how to bridge the gap between finance and operations this is the session for you.

    Competitive Wargaming and Simulations

    Develop situational awareness of competitive position

    In the real world, most competitive issues are usually focused on tactical and operational problems or responses to emerging competitive threats rather than “grand strategy” initiatives that require external support and guidance to make actionable. This is why the hottest trend in business wargaming today is “skilling up” teams of internal facilitators with the ability to take on tactician support roles for exercises attacking the following seven (7) business problems:

    • Product Extensions and New Feature Design
    • New Market or Segment Entry with Existing Products and Services
    • Reacting to New Competitors with Asymmetric Market Power or Resources
    • Anticipating Disruptive Threats to your Business Model or Industry Structure
    • New Leadership Changes at Major Incumbent Competitors or your own Company
    • Mergers, Acquisitions and Alliances to Fortify Talent, IP or Product/Feature Development
    • Addressing Shifting Customer Needs/Wants Ahead of Competitor Reactions

    In this workshop, we will introduce these seven specific applications that can be most commonly addressed by internal wargame tacticians. Every master strategist or tactician started out as a novice so, join this exciting presentation and begin your journey toward making wargames and competitive simulations more accessible and actionable in your organization.


    2018 Presenters:

    2017 Presenters:

    Who Should Attend?

    • Budget & Financial Analysts
    • CFO
    • Controller
    • Corporate Forecasting Manager
    • Corporate Strategy Manager
    • CPA
    • Director of Financial Reporting, Budgeting and Analysis
    • Director of Forecasting and Revenue Analytics
    • Director, Corporate FP&A
    • Director, Financial Reporting Analysis
    • Finance Manager
    • Forecast Manager
    • Forecasting & Planning and Analysis
    • Head of Financial Planning and Analysis
    • Lead Financial Analyst, Strategic Development
    • Manager, Budgeting & Purchasing
    • Operations Finance Manager
    • President
    • Project Manager, Finance Strategy
    • Sales Forecasting & Budgeting
    • Senior Financial Analyst
    • Sr. Finance Manager
    • Sr. Manager, Financial Planning & Analysis
    • Vice President – Financial Analysis and Budget
    • Vice President for Business & Finance
    • Vice President of Finance & Treasury
    • Vice President, Corporate Planning & Allocation
    • VP, Business Finance Operations
    • VP, Finance
    • And others!

    Past Attendee Organizations

    Abbott Laboratories
    Adidas
    Advance Auto
    Alcoa
    Allstate Insurance Company
    Amgen
    BP
    Bose
    Capital One Bank
    CBS Interactive
    Chevron
    Chiquita
    Cisco
    Citrix
    Clorox
    Coca-Cola
    Del Monte Foods
    Dr. Pepper Snapple Group
    DuPont
    eBay
    Experian
    FedEx Services
    Ghirardelli
    Guitar Center
    Hallmark Cards, Inc.
    Hewlett Packard

    Intel
    Intuit
    JcPenney
    JetBlue
    John Hancock Financial Services
    Johnson & Johnson
    Kaiser Permanente
    Kohler Company
    Lincoln Financial
    Masonite
    Mayo Clinic
    Microsoft
    Oracle
    Overstock
    PepsiCo
    Pfizer
    Philips
    Qualcomm
    Rolls-Royce Corporation
    Shutterfly
    Siemens
    Sony Corporation of America
    Target
    United Healthcare
    Whirlpool
    And more…



    Attendee Participation Rates

    Early registration and group discounts below:

    Early Registration Rate Until 7/31/18 Regular Rates
    1 Attendee $1,599 $1,799 total
    2 Attendees $1,449/each $1,699/each
    3 Attendees $1,299/each $1,599/each
    4 Attendees $1,099/each $1,399/each
    5+ Attendees Contact Us Contact Us

    Venue and Hotel Information

    The forum will take place at:

    Holiday Inn Chicago Mart Plaza River North
    350 W Mart Center Dr
    Chicago, IL 60654
    (312) 836-5000‎
    Map It

    Online Reservations:
    Reserve your room here

    $239/night – Limited amount of discounted rooms available —Room block expires September  3rd, 2018

    A Modern, Upscale Chicago, IL Hotel, With The Best Views In The City

    Chicago beckons as an exciting city escape, from boating adventures at Navy Pier to days spent exploring attractions like the Field Museum, Art Institute of Chicago and the Lincoln Park Zoo, or attend an event next door at theMart. Newly updated rooms, redesigned for the ultimate in guest comfort, combined with award-winning service and thoughtful amenities like the best parking value in Chicago, make stays at the Holiday Inn Chicago Mart Plaza unforgettable.

    Meet for drinks at our chic Cityscape Bar with a skyline view considered the best in Chicago. Stop in for a breakfast buffet, or enjoy a new take on comfort food with a hearty dinner at Merchants Cafe. Located in River North, our hotel puts you close to trendy shops, award-winning restaurants, hip nightclubs and must-see sights like the Magnificent Mile and Willis Tower Skydeck.

    Parking and Transportation Options

    Parking at the venue:
    $35/day for overnight guests and $25/day from 7am – 7pm. All tickets must be validated at the front desk.

    Public Transportation:
    From O’Hare International Airport: Take the CTA Blue Line Train towards Forest Park and exit at Clark/Lake.

    • Head North on North Wells Street for 1 block.
    • Turn Left on West Wacker Drive for 1 block.
    • Turn Right onto North Orleans Street over the Franklin Street Bridge for 1 block before turning Left onto West Mart Center Drive (also referred to as West Wolf Point Plaza).
    • Destination will be on the Right past the first set of revolving doors.

    From Chicago Midway Airport: Take the CTA Orange Line Train towards the Loop and exit at Clark/Lake.

    • Head West on Lake Street toward North LaSalle Street.
    • Turn Right onto North Franklin (Orleans) Street over the Franklin Street Bridge for 1 block before turning Left onto West Mart Center Drive (also referred to as West Wolf Point Plaza).
    • Destination will be on the Right past the first set of revolving doors.
    The Hotel is located 1 mile from Chicago Union Station, .7 miles from Ogilvie Transportation Center, and accessible via the CTA Brown Line Train at the Merchandise Mart and .4 miles from the CTA Blue Line Train at Clark/Lake.