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Collaborative Enterprise Planning – Enterprise Planning Works Best Using a Collaborative Approach


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Find out how Collaborative Enterprise Planning helps to evolve to more effective planning processes.

Published in: Data & Analytics
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Collaborative Enterprise Planning – Enterprise Planning Works Best Using a Collaborative Approach

  1. 1. 52% of midsize and larger organizations say they collaborate effectively in planning and budgeting. Just 10% say they collaborate very effectively. 85% of organizations that collaborate effectively or very effectively said their process is managed well. Only 11% that collaborate only somewhat effectively or not at all said the same. 48% of organizations that collaborate effectively have budgets that remain relevant throughout their planning period. That’s true of just 18% of those that do not. 63% of organizations say linking plans directly is important or very important for improving performance. A common planning platform makes it easy to link plans. Direct links get better results: 66% of organizations that link plans directly have a planning process that works well. Only 25% of those that have little or no linkage between plans say that. While 78% of organizations that plan using direct links say they are satisfied with their planning process, only half (50%) of those that use summarized information report that they are satisfied with their budgeting process. A majority of organizations use spreadsheets to support a range of planning activities. 80% use them for supply chain planning, 65% for budgeting and 63% for sales forecasting. 62% of those that use dedicated applications say that it’s easy or very easy to link plans. Only 29% of those that use spreadsheets say that. 59% of organizations that use dedicated applications drill down into details within two hours of a review meeting. That’s true of only 36% of those that use spreadsheets. versus 29% 52% 85% 48% 63% 78% 66% 62% 80% 65% 63% Use a Common Planning Platform Dedicated Planning Software Helps Collaborative Planning and Budgeting Works Better Learn more about Collaborative Enterprise Planning at COLLABORATIVE ENTERPRISE PLANNING Collaborative Enterprise Planning connects all planning activities of an organization. • It uses technology to rapidly assemble, analyze and report on plans and budgets. • Business units can address the “things” that matter to executives and managers (e.g., units sold and headcounts) as well as their money impacts. • A dedicated planning platform removes silos that prevent effective collaboration. • It supports rapid planning cycles that promote operational agility. Enterprise Planning Works Best Using a Collaborative Approach Source: Ventana Research Next-Generation Business Planning Benchmark Research Sponsored By: 59% versus 36%