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10/04/2019
Aligning people, process, and data through integrated business planning
Complex supply chains, changing customer priorities, shortened product lifecycles, and evolving labor markets are testing management’s ability to plan and measure performance effectively. Internally, managing data on disconnected spreadsheets and centrally-controlled systems that do not support dynamic data feeds can impede communication of financial and operational information across departments. Consequently, businesses typically lack insight into the causes of variances in a forecast until they are well into the next planning period. Integrated Business Planning (IBP) helps companies overcome these challenges by employing integrated models that host centralized data to create a single source of “truth” for all business functions.
Download the PDF to learn about how IBP can enable forecast accuracy and effective performance management, including:
- Knocking down functional silos
- The key features of IBP
- How a business benefits from IBP
Marisa Garcia
CPA, Partner, CohnReznick Advisory
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This has been prepared for information purposes and general guidance only and does not constitute legal or professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and CohnReznick LLP, its partners, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.