Bridge the gap between Finance and Operations with more accurate plans that prepare you for all eventualities
It’s time to say goodbye to manual, error-prone, time-sucking planning and analysis processes. insightsoftware excels at providing the agile solutions you need to access your granular ERP data, and helps you deliver what your business requires: critical data analysis to accelerate decision making, to predict revenue growth, and develop meaningful, actionable insights to drive your business’ success.
Recent events and the dizzying pace at which business is evolving means your ability to predict and actively plan for change will have a larger impact than ever on your overall business success. This requires agile processes that prioritize continuous planning, so you can quickly update forecasts as events unfold within your markets. The payoff is plans that are always relevant to underpin sound business decisions across your organization.
Your time is much better spent analyzing and building forecasts rather than chasing down data from the operations teams spread across your organization. By centralizing your data collection efforts and enabling frontline workers to become key contributors, their efforts will be directly reflected in the planning processes. The result is a highly coordinated FP&A process that brings all the data directly to you, combining budgets with operational plans and allowing wide cross-functional collaboration, while still enabling finance to control the overall planning activity.
Scenario planning and forecasting have become ever more important to organizations as they face growing global uncertainty, yet these activities are still an often-neglected aspect of FP&A. The reason for this is simple: It’s usually difficult to do. Sure, there’s plenty of guidance explaining how to create best- and worst-case scenarios, but you’ll only be able to account for them, and other edge cases, if you have a robust, yet flexible system for handling centralized data.
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.
