CPA, Partner, CohnReznick Advisory
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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
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