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.
If you want to achieve more and provide better and more timely information to the business, we can help you.