Christine Fromont speaks about how Novartis has shortened a planning period from a 9-month to a 6-week cycle. She also tells from experience what processes and mindset changes her company dealt with during predictive planning implementation. Finally, Christine summarises her presentation with the top 6 lessons she has learned during their journey to predictive analytics.
This year, responses were gathered from 385 finance practitioners, covering companies of all sizes, from all regions, and industries.
In this article, the author explores the benefits of Predictive Planning and Forecasting and outlines how businesses can implement this approach successfully, referring to her practical experience at Novartis.
Our research paper explores the combination of PA with xP&A and how organisations are using this combination to transform their planning and forecasting processes to create a more analytical and harmonised approach.
At the FP&A Trends webinar on March 28th, we discovered at how predictive technology can be used to make planning a faster, more accurate and agile process, that spans the entire organisation.
The question many organisations currently have and will have in the future is: “how do we bridge from where we are today to where we want to be tomorrow?” The key lies in the integration of agile planning and Predictive Analytics.