Integrated business planning (IBP) is not a new concept. Yet it’s still hard to find organizations that have fully embrace it, because their efforts have been hampered by the proliferation of legacy systems and data silos. IBP is characterized by aligned planning processes and calendars, full integration of cross-functional data, and cross-functional and business collaboration.
The 8th Amsterdam FP&A Board discussed the power of Integrated FP&A. In the video, Asif Khan, Global FP&A Lead at Prosus Fintech and Amsterdam FP&A Board member, talked about the meeting.
Most people have worked with organization wide initiatives such as Enterprise Performance Planning and Integrated Business Planning yet they are not familiar with Integrated Financial Planning and Analysis.
The pressure of globalization and agile decision-making requires companies to improve their business modeling. They must integrate big data in real-time, synthesize that data to identify causal relationships and value-drivers, and ultimately use the findings to make high-impact business decisions.
Connected Planning is an effective way to unify data, people, and plans on a single platform. Implemented correctly, it can help accelerate better business performance in the modern dynamic market conditions. The question is then, how to use it to achieve desired results? Watch this interactive webinar to find out.