Utilizing Information and Technology to Improve the Planning Process
Planning is the process of creating a detailed formulation of a program of action to achieve some overall objective. Business planning encompasses all of the forward-looking activities in which companies routinely engage. Applications dedicated to planning and next generation tools such as analytics, collaboration and mobility can contribute to the development of fast, forward-looking plans that help in the spectrum of planning processes and benefit the entire organization.
Ventana Research undertook this Benchmark Research into the Next Generation of Business Planning to examine systems and tools that operate across business processes, influencing the optimal use of information and technology to manage performance. This research determined the extent and direction in which finance and line-of-business departments are moving to support new planning processes and how they are using technology to access and use all available information to manage the business toward established goals and performance objectives.