Enterprise Planning Works Best Using a Collaborative Approach
Collaborative enterprise planning is a methodology that connects all planning activities of a company’s departments and business units, enabling them to share their plans and to plan collaboratively. This form of planning uses technology to rapidly assemble, analyze and report plans and budgets as well as compare results to these plans. Technology also allows business units to plan and review the “things” that matter to executives and managers (such as headcount, units produced and occupancy rates) in parallel with the monetary consequences of essential things such as revenue, expenses and cash flow. Gathering all planning activities on a single dedicated platform breaks down silos that prevent effective collaboration and supports rapid planning cycles that promote operational agility.