Today’s innovations in planning
XP&A, or Extended Planning and Analysis: This term for today’s best practice in business planning, branded by Gartner, consists of financial planning and analysis (FP&A) and multiple operational planning solutions delivered on a single integrated, data-harmonized platform. “It ‘extends’ traditional FP&A solutions focused solely on finance into other enterprise planning domains such as workforce, sales, supply chain, and marketing,” Gartner writes.
Artificial intelligence and machine learning (AI/ML): Recent innovations by leading planning technologies have significantly enhanced the capabilities of artificial intelligence and machine learning within the platforms to further automate predictive planning processes. AI and ML represent a game-changing shift in IBP and XP&A, providing an opportunity to not only profoundly change the way planning is done but also achieve significant increases in forecast accuracy, while cutting down on planning cycle times and executing faster responses to changes.
Our technology alliances
Workday Adaptive Planning
The CohnReznick Integrated Business Planning team has helped nearly 100 organizations streamline their planning and reporting utilizing Workday Adaptive Planning since 2016. Companies across all industries and sizes are transitioning from difficult-to-manage spreadsheet processes to a more collaborative environment integrating multiple data sources into the Workday Adaptive Planning platform, allowing for real-time analysis of budgeting and forecasting across all corporate and operational functions.
“Planning is at the center of everything Anaplan does, making it an ideal platform for aligning finance, sales, and marketing around achieving company objectives,” says Forrester Wave. CohnReznick has been providing Anaplan solutions since 2018, focused on the retail, manufacturing and distribution, restaurant, and hotel industries. We have built solutions addressing operational budgeting and planning, open to buy, assortment planning, promotional pricing, demand planning, FP&A, and measuring marketing returns on investment.
CPA, Partner, CohnReznick Advisory
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