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Consolidated Data Fosters a Collaborative Budgeting and Planning Process

Insight Software

An effective budgeting and planning (B&P) process has always been a team sport for finance departments and their stakeholders. This shift towards strategic planning adds a new layer of complexity to the collaborative nature of budgeting. This collective knowledge leads to more realistic and well-rounded plans.

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Why Now is the Time to Move From Manual to Modern Planning

Insight Software

Knowing this, your financial planning and analysis (FP&A) teams need access to comprehensive and accurate data from various sources within the organization, including ERP systems, CRM data, operational metrics, and market trends.

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The Characteristics of Those Using Scenario Planning

Insight Software

According to the recent FSN’s Agility in Planning, Budgeting, and Forecasting (PBF) Survey 2021, the effective use of scenario planning enables organizations to respond quickly and confidently during times of extreme change. Check out this infographic to discover all the characteristics of those using scenario planning.

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Planning vs Forecasting: Four Key Differences

Insight Software

Many people use terms like “planning,” “forecasting,” “budgeting,” and “financial projection” somewhat interchangeably. When it comes to a plan vs forecast in particular, the line can be blurry. Let’s look at four key features that distinguish financial planning from forecasting: 1. Access Resource Now.

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PI Planning Guide

Agilemania

What is PI Planning? It is crucial to comprehend and plan for these interdependencies in order to make sure that the efforts of each team are directed toward a single, project-specific objective. This objective is far simpler to accomplish if you have PI planning in place. Do: Execute the PI plan. Builds Team Trust.

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Leveraging the Benefits of Sales and Operations Planning

Insight Software

To achieve better alignment between these two functions, many companies have adopted a different approach, sales and operations planning (S&OP). It’s about coordinating and streamlining all functions in the value chain–from strategic planning to forecasting and demand planning, inventory management, strategic sourcing, and distribution.

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6 Ways to Remove Complexity and Embrace Agility in Your Planning Process

Insight Software

As any CFO knows, budgeting and planning processes are complex. In addition, external market factors require that your planning process not only be able to address your current goals but also be agile enough to quickly respond to industry innovations, economic shifts, and more.