Advice and Information for Finance Professionals

The Role of Finance in Planning Excellence

Guest Author

By John Mervis, Go to Market Strategy and Execution, Oracle

What is the role of finance when it comes to planning?

Today’s finance teams are much more involved in planning decisions than in years past. Line-of-business leaders are turning to finance more frequently to analyze the ROI on operating investments—as well as make forecasts to guide future plans.

Integrated business planning (IBP) is a process to align company plans and actions every month. Management reviews the 24-month forecast and validates that the plan reflects the company’s strategic goals. Throughout this monthly process, treasury and finance teams are actively engaged in evaluating feasibility and outcomes—as well as assuring the efficacy of the approved financial plan.

IBP helps you develop a consensus plan, and then continuously monitor key performance metrics. With the ability to forecast—and reforecast monthly, as operating circumstances change—leadership teams can ensure that the operating plan stays on track to deliver on financial goals.

Customers that have adopted IBP have realized:

  • 25% improvement in forecast accuracy
  • 31% increase in revenue growth
  • 5% improvement in gross margin
  • 15% increase in sales
  • 100% average cash conversion cycle

Join us to learn how a mature IBP process can deliver better results—and see how treasury and finance can become a collaborative partner alongside the operating organization in scenario planning.

Register for this webinar to learn about the value of integrated business planning.

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