Tag Archives: Budgeting and Planning

How Businesses Are Setting Themselves Up for Success with Integrated Business Planning

Many businesses are updating their legacy planning systems to integrated business planning applications that translate the organization’s strategic objectives into operational terms that provide actionable guidance across the enterprise. Business capabilities are the link connecting strategy and business model to enterprise architecture and the underlying technology that executes the strategy. Understanding this link enables companies […]

How Agile Technology Drives Supply Chain Innovation

Change and uncertainty are inevitable in manufacturing. While effective production planning can support manufacturing processes, there will always be uncontrollable factors that are difficult to manage. Manufacturers are dealing with an increased pressure to meet customer demands quicker and more cost-effectively. Visibility of where manufacturers are within the production process is a key driver and […]

A Futurist’s Framework For Strategic Planning

When it comes to long-term planning, many FP&A professionals should be able to answer these questions: Where do you want to have impact? What it will take to achieve success? How will the organization evolve to meet challenges on the horizon? These questions are the foundation for any achievable plan, both long and short term. Many […]

Competitive Decision Making With Porter’s Five Forces

The goal of every business is to increase and retain profits while surpassing the competition. When it comes to strategic planning, knowing who the competition is and understanding how their actions will affect the business is critical to long-term success. One way to analyze your competition is by using Porter’s Five Forces model to break […]

Increasing Profits with Mid-Year Adjustments

Mid-year adjustments to business plans help many companies improve their tactics while staying on track with long-term initiatives. While many businesses only have impromptu approaches to adjusting business plans, a more structured approach provides flexibility and focuses concentration on the right levers of profitability. Checking in on mid-year financials allows executives and decision makers to […]

Intelligent Scenario Planning with Advanced Analytics

Nobody understands Robert Burns’ quote, “The best laid plans often go awry,” like modern business leaders. When it comes to financial planning, finance teams need the ability to assess and adjust plans when they go off course. Intelligent planning starts with analysis of past results to help determine where is business is going, and measure […]

Modern Supply Chains Require Continuous Planning in Real-Time

Today’s supply chain planning has to be continuous and based on real-time information to drive effective business decisions. In the face of rising customer expectations around individualized products, shorter delivery time frames, and predictable availability, organizations are moving away from the familiar pace of traditional planning approaches. The need to act and respond on a […]

Nine Essential Steps for Strategic Planning

All corporate functions do strategic planning, but few do it well. Strategic planning is critical for forward-looking organizations, but short-term planning activities often leave little time to pursue long-term strategy. The mission for business leaders is to identify initiatives that will drive enterprise growth ambitions, and unlock the capacity (time, budget, talent and technology) needed to […]

Turn Strategy into Actionable Plans with Next-Level FP&A

“Few processes within the purview of a CFO have so much potential to create—or destroy—business value than FP&A” A recent study from the Institute of Management Accountants (IMA) found that in general, top performing organizations take a more rigorous and integrated approach to their FP&A practices by relying on businesses insights to drive results, not […]