Adaptive Planning

Corporate Performance ManagementNot For Distribution – Private and Confidential to Adaptive Planning and Client 1

CPM - Best Practices & The Best Technology 1. Driver-Based Planning 2. Collaborative Budgeting 3. Rolling Forecasts 4. Statutory Reporting 5. What-if Modeling 6. Balanced Scorecards 7. Integrated TechnologyNot For Distribution – Private and Confidential to Adaptive Planning and Client 2

Best Practice #1: Driver-Based Planning  Planning is the bridge between strategy and operations  It needs to reflect the activities and processes of your organisation  You should be able to capture information at the operational level for all planning activities – Capital ̶ Allocations – Operations ̶ Cash flows – Revenues ̶ Balance sheet – Labor ̶ Projects Drive more accurate plans, and free finance and managers for higher-value activitiesNot For Distribution – Private and Confidential to Adaptive Planning and Client 3

Best Practice #2: Collaborative Budgeting  Of course you can gather 50 spreadsheets right and left to make your budget, but that’s not industrial strength  All users should access the same model  Support multiple account types and manage user security  System should frame the workflow  System should leave and audit trail More people involved in the process results in better insight into the business, and more accurate plans.Not For Distribution – Private and Confidential to Adaptive Planning and Client 4

Best Practice #3: Rolling Forecasts  Forecasting is at the frontier between strategic planning and operational planning  You cannot budget 12 months to the wall anymore  Need to plan 18 to 24 months ahead continuously  You need to be able to plan across multiple years seamlessly  Need to be able to capture actual operational and financial data frequently, and then adjust your plans accordingly  You need to be able to manage variances efficiently Make better decisions, more quicklyNot For Distribution – Private and Confidential to Adaptive Planning and Client 5

Best Practice #4: Statutory Reporting  You need one single version of the truth  Need to produce integrated financial statements  Need consolidation features  Need the ability to report to your jurisdiction  Need to be able to comply to SOX, SEC, IFRS, GAAP, Bill 198 Reporting from a single database insures consistency across all your reportsNot For Distribution – Private and Confidential to Adaptive Planning and Client 6

Best Practice #5: What-if Modeling  You need to think outside of the regular box, into a sandbox  Need to spin different versions of your model  Need to draw different cost and profitability scenarios  Need to manage multiple versions  Driver-based modeling is great for what ifs Preparedness makes a big difference in the success of our businessNot For Distribution – Private and Confidential to Adaptive Planning and Client 7

Best Practice #6: Balanced Scorecards  Fancy dashboards for comprehensive performance management  Integration of financial and non-financial data into performance reports  Need to compare actual vs planned data  Need to be able to drill down the data  Need online access to dashboards and scorecards  Need handy export / connectivity feature Make budget managers more autonomous and efficient with self-service reporting toolsNot For Distribution – Private and Confidential to Adaptive Planning and Client 8

Best Practice #7: Integrated Technology  No more sneaker net  Need to integrate financial and non-financial data streams  Need an architecture that integrates ETLs, data-marts, data warehouses, and the corporate performance management platform   Spreadsheets: out   CPM Point Solutions: in Flexible integrated IT infrastructure prepares you for future changeNot For Distribution – Private and Confidential to Adaptive Planning and Client 9

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Adaptive Planning

by Sophie Marchand on Oct 30, 2012

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