Planning in Disruptive Times
Six recommendations to transform the corporate financial planning process into a future proof foundation for smart decision-making
Pschemyslaw Pustelniak | Dr. Philipp Schaller | Patrick Ekler
Aug 2019
| White Paper
| Anglais
Planning in Disruptive Times
Six recommendations to transform the corporate financial planning process into a future proof foundation for smart decision-making
Changed prerequisites in a faster and more volatile environment impose new challenges for corporate planning. Current efforts to simplify and digitize processes have created new opportunities to make better-informed decisions. In reality, however, many departments struggle with silo-thinking, complex corporate structures and inflexible routines.
Based on debates with planning practicioners, six recommendations were derived on how to streamline an existing corporate planning approach and how to come up with a future-proof foundation for smart decision-making.
Management Summary
- The number of segment plans which need to be considered in any planning cycle, often grows with the size of a corporation and the complexity of its corporate structure.
- Poorly documented and intransparent segment plan delivery structures lead to missing information and inefficient reconciliation rounds.
- The creation of a streamlined and integrated end-to-end process is necessary to enable the benefits that driver-based planning, scenario simulations or the use of predictive analytics can achieve.
- Based on the insights generated we offer several best practice blueprints on how to streamline a planning approach
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