Integrated Business Planning

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Marisa Garcia

CPA, Partner, CohnReznick Advisory

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.

 

 

Aligning people, process, and data through integrated business planning

10/4/2019

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.

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Integrated planning drives growth and performance

An integrated business planning strategy can help companies of all sizes, in all industries drive operational performance, reduce costs and build predictability that drives growth.

Optimize business performance with a data culture

3/22/2019 | Keith Denham

In today’s competitive market, business success and innovation are fueled by data. Organizations are harnessing the power of advanced analytics to stoke productivity, boost efficiencies, parse customer preferences, and keep pace with market evolutions.

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Finance executives see automation, technology, and analytics as key drivers of growth

4/26/2019

In these days of big data, predictive analytics, and digital transformation, the influence of finance executives is expanding as their responsibilities transcend traditional accounting and reporting activities.

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Optimize inventory management, lower workforce costs & improve margins

9/30/2019

In today’s rapidly evolving retail markets, many businesses grapple with multiple sales channels, disruptive technologies, mercurial consumer preferences, and compressed product lifecycles. Doing so requires that they efficiently and accurately forecast and respond to changes in buying patterns, seasonal assortments, inventories, and supply-chain performance.

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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 members, 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.