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Rethinking the Business Planning Process

“Many plans and budgets are now based on outdated assumptions and data, requiring FP&A teams to rethink the annual business planning process. Discussions with FP&A leaders, CFOs, and Deloitte’s Finance Transformation and Human Capital professionals, suggest several factors have led leaders to challenge the traditional process, including the need for constant scenario development and modeling; a lack of confidence in future projections; the urgent requirement for decisions about courses of action; an unclear decision-making framework, particularly around capital allocation; and time-and resource-consuming manual iteration.”

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