As uncertainty, volatility, and risk continue to impact the bottom line for business globally, planning technology is driving a new breed of organisation, according to new research by software company Anaplan.
The firm’s new benchmarking report – The State of Connected Planning – includes a survey of over 1,000 planning professionals across all business functions in 45 countries and 18 industries to uncover leading planning trends.
“Our findings on the current state of planning for finance [suggest] that adopting better planning approaches for improved efficiency and better business partnering has become critical for the office of finance,” the reports authors note.
According to the survey a majority of finance leaders cite planning as “critically important” to a wide range of business outcomes, which includes managing costs, enhancing revenues, optimizing resources, and making strategies actionable.
Yet finance continues to face challenges in the ability to plan efficiently and nimbly. Our research shows that processes may be holding some teams back, as 61 percent of finance professionals believe that having the right processes would improve planning in their organization.
Having the right data is another key opportunity: Nearly 60 percent indicated that the right data would improve their planning.
The State of Connected Planning, investigates how leading organizations accelerate business value through Connected Planning.
This finance-focused brief contains:
- Key findings from finance professionals
- Challenges faced by finance professionals
- How they believe they can improve their planning processes
This article was published on behalf of a third party and may include advertorial or sponsored content.