The Importance of Companywide Planning
Macroeconomic disruptions are here to stay.
The pandemic, the Ukraine-Russia war, inflationary pressures and supply chain constraints have made it imperative that businesses rapidly adapt their strategic and operational plans.
Finance leaders are well-positioned to navigate these disruptions and drive business resiliency. One of the ways they are doing so is through optimizing strategic planning.
According to IDC, there are several trends in companywide planning, including:
- Companywide planning tools continue to see rapid adoption
- Cycle times for planning are getting shorter
- Planning is expanding to other domains, beyond finance
- Planning tools are increasingly including advanced analytics