Drive financial planning & forecast agility with integrated planning
As management seeks to understand profitability and accurately forecast performance, it faces numerous challenges, including complex supply chains, changing customer priorities, shortened product lifecycles, and evolving labor markets. Internally, managing data on disconnected spreadsheets and centrally controlled systems that do not support dynamic data feeds can impede communication of financial information across departments. Consequently, businesses typically lack insight into the causes of variances in a financial forecast until they are well into the next financial period.
Integrated Business Planning (IBP) helps companies overcome these challenges by employing integrated modules that host centralized data to create a single source of truth for all business functions. Learn how an IBP strategy looks to align financial and nonfinancial data, encourage communications and collaboration, coordinate planning processes, and help ensure transparent reporting to inform decision-making and increase knowledge of marketplace dynamics.
