Make planning agile
Annual budgets won’t cut it anymore. Companies that shorten their planning and budgeting cycles are better able to respond successfully to changing business conditions. You can’t do that using spreadsheets. Today, there are affordable options for most.
Business planning employs technology such as in-memory computing, advanced analytic technologies and interactive planning to make planning and budgeting processes more agile and easier.
60% of companies that have a process that works well have budgets that are accurate, compared to 24% with an adequate process and 5% with one that is poor.
Companies that use dedicated software instead of spreadsheets are likely to have a better planning and budgeting process that is more accurate.