Integrated Business Planning

Stop planning in silo

It’s logical to think that integrating all the planning processes across the business would help to drive better focus, outcomes and success for organisations. Unfortunately, departmental level planning in silo’s is the standard practice for most business. This is leading to a major handbrake for firms, creating disparate and disjoined processes in an era where only the agile and nimble will survive.

In simplistic terms, Integrated Business Planning is a method which combines financial and operational data from across the business. By combining this information, it enables businesses to maximise their performance by linking its strategic plans with financial and operational plans. This view across the organisation gives greater visibility of the interconnected relationship between resources, capabilities, and results. Firms can then use this information to better devise their business plans, KPI’s and strategic goals.

Some of the benefits of Integrated Business Planning are:

Accountability

Management and staff are aware that their actions and decisions have an impact across the business. This drives accountability and ties your team to a common goal.

Alignment

Tying the organisation’s plans together allows them to align to their Strategic plans and outcomes.

Visibility

With one shared view, business can better adapt and align quickly to changing business conditions.
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