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Plan for Business Continuity, Sustainability and Success

In times of rapidly changing business conditions, organizations must adapt with agility to ensure business continuity and success. The ability to move through rapid planning, budgeting and review cycles with tools that facilitate collaborative work are of specific importance. Of course these capabilities are valuable in steady-state conditions, but they will generate additional advantages in times of stress when the organization needs to quickly adjust to unexpected events.

Integrated Business Planning (IBP) is a business-focused, technology-enabled approach for a high- participation, collaborative, action-oriented style of forecasting, planning, budgeting and reviewing built on frequent, short sprints. These sprints enable companies to plan and refine those plans at shorter intervals so the cycles can be more frequent. Higher frequency promotes accuracy because refinements are made at shorter intervals and provide agility in responding to market or competitive changes.

 
 

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About the Author

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Robert Kugel

SVP and Research Director
Ventana Research

Robert Kugel is responsible for the Office of Finance and business research, focusing on the intersection of information technology with the finance organization and business. His research agenda includes the application of IT to finance and business process optimization, looking particularly at ERP and continuous accounting, financial performance management, predictive planning, price and revenue management, revenue and lease accounting and robotic finance.