Why Extended Planning and Analysis is a Necessity for Every Organization
Recent major events, such as the COVID-19 pandemic, are exacerbating the stress that many organizations have long faced in their financial planning processes. Once or twice yearly budgeting and planning exercises that produce financial projections for the next six to twelve months no longer work for businesses that face numerous changes on an almost daily basis. Instead, today’s organizations need to be able to quickly and frequently reforecast to adapt to change across their supply chains, workforce, tax obligations, and overall business strategy.
In this whitepaper, you will learn strategies to shift from tackling data collection and forecasting activities once a year to embedding them into the fabric of the organization on a monthly, weekly, or even daily basis.