It's a cliché: the world is changing faster and faster. We've been shouting it for years and it's true. Year after year, the speed at which innovations succeeded each other, turning the industry upside down, was a dominant factor. Yet it is nothing compared to the shock that went through our world this year. The complete disruption caused by the Covid-19 - outbreak broke the old patterns at a stroke and the near future is suddenly more uncertain than ever. As a financial professional, how can you keep your organization on track in these turbulent times?
Dynamic planning
A static budget has long since ceased to suffice. Certainly not now. The budget is obsolete before it is created. Increasing uncertainty requires faster understanding of what is happening in the business and a process that supports quick response. This process is a flexible and integrated planning process where input comes from all parts of the business and rolls up directly into an overall financial plan. Such a dynamic plan bridges the silos in organizations and makes the financial impact of changes in the business immediately clear.
Scenarios as a management tool
A dynamic and integrated plan offers another advantage. Using such a plan model, you can support scenario analysis for management. Quickly calculating different scenarios ensures that you are better able to deal with increasing uncertainty. In this way, you are closer to the ball and gain insight faster. This leads to faster and better informed decisions.
A dynamic planning process
A dynamic planning process requires a platform that goes beyond fragmented spreadsheets. There are several solutions in the market that can support this type of model. SAP' s choice here is SAP Analytics Cloud (SAC). Within SAC you can use standard available predictive analytics capabilities along with BI as well as plan functionality. Because it takes place in one platform, it is more user-friendly than separate components. Especially because it provides one clear interface where all data come together.
A dynamic planning process requires a platform that goes beyond fragmented spreadsheets.
Get started quickly with module templates
The foundation for a dynamic plan model can be quickly realized using our module templates. There are templates for specific industries (including retail, financial services, construction & engineering, fast moving consumer goods and education) and for specific functions (marketing, sales, HR, procurement, tax). With the help of these modules, you won't spend months on implementation, but can be up and running with your new plan model in just a few weeks. Because SAP Analytics Cloud can be made available quickly and easily as a true cloud solution; you can quickly make the dynamic plan model available to users right across your organization.
Want to know more about dynamic planning?
If you want to know more about dynamic plans for your organization, you can also schedule a one-on-one meeting with these experts. We will discuss your organization's specific questions and explore together how our module templates can be used in your situation.
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