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Reimagine Planning to Improve Enterprise Performance

Unlock the Full Business Value of Planning with the Right Technology

Agile, Connected Planning

Any crisis, whether a global pandemic or one confined to a single company, tests the ability of an organization (and especially its executives and managers) to quickly respond to events by seizing opportunities, addressing problems or mitigating risk. Managing through a crisis demands action-oriented planning, but many organizations find this to be difficult. Executives need—but too often are unable get—precise and timely answers to what-if questions so they can confidently assess trade-offs when making decisions. As a result, they have difficulty aligning the plans of various operating groups to respond to changing circumstances in a coordinated fashion. And the finance team cannot quickly translate those plans into a consolidated set of pro-forma income statement, balance sheet and cash flow statements to understand the important financial aspects of a plan. The value of action-oriented planning is most apparent in a crisis, but it is equally important to the success of an organization under any circumstances.

Characteristics of Continuous Planning

Ventana Research uses the term “continuous planning” to describe a high participation, collaborative approach that connects and aligns operational plans with financial plans and forecasts, using technology to eliminate silos and enable frequent, short planning sprints. Fast planning cycles make it possible for organizations to achieve greater agility in responding to market or competitive changes, and plans can be more accurate and relevant because they are refined more frequently.

 
 

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