Businesses are starting to recognise the lack of coordination in their planning capabilities. Many are observing each department and business unit approach planning differently, and that by making different assumptions and focussing investment on issues relevant to themselves, they are creating a barrier to greater success.
Without central control and coordination of cross functional plans through Extended Planning and Analysis (xP&A), the goals and trajectory set within the organisational strategy becomes watered down.
When plans are unified, companies experience a more rapid journey towards their corporate goals, but not all finance functions are able to drive this because the focus of digitisation within their department has not provided them with the right tools.
As finance are the custodians of the central financial plan, companies often look to extend the best principles and expertise of FP&A, to introduce unified planning across the enterprise in a bid to ensure departmental objectives are aligned to business objectives.
With Unified Planning, companies experience a more rapid journey towards their corporate goals, but it does rely on finance functions being equipped with the right tools.
Extended Planning and Analysis can help steer your business towards profitability and growth.
xP&A ensures everyone in the business is pulling in the same direction, and working to a shared vision of success.
The use of xP&A / Unified Planning allows the most forward-thinking companies to take complete competitive advantage within their industry.
Time saving has been our biggest advantage. With ORYX, we have reduced the time to run a journal from between 3-4 days to just 15 minutes.
Without implementing ORYX, the office of finance would have spent a lot of time number crunching, rather than performing analysis of the numbers.
I believe that the ORYX suite is capable of competing against any other products in the CPM market and is totally credible.
My greatest pleasure in all this is to see the finance function becoming a constructive challenger to the business and being able to collaborate with it on both access to and sharing of planning information.
If you want to achieve more and provide better and more timely information to the business, we can help you.