In the past, each department was responsible for storing and managing their own data. However, planning in silos is no longer suitable for a nimble and agile business model. If your department cannot see the operational data of other business functions, then you are planning and making business decisions in a vacuum. Today’s organisations need to consider information from all angles to drive better focus, outcomes and success for you and your organisation.
Unfortunately, for many organisations, much of their data is still being held in isolated platforms or on spreadsheets. The current volatility in the market over the past few years has clearly shown this old fashioned method of managing your data can only lead to major heartache and losses for many of these organisations, due to their disparate and disjointed planning processes. Embracing integrated planning will give your organisation the agility, speed and nimbleness it needs to survive in this uncertain world.
One of the first steps is to link your strategic plans with financial and operational plans. This will give you greater visibility into the interconnected relationships between resources, and will reveal and even improve your organisational capabilities to keep you competitive and drive growth.
Integrated Business Planning model will enable your organisation to better use your available information and data to drive better business planning, leading to stronger KPI’s and strategic goals and maximise performance.
An Integrated Business Planning solution will drive greater: