Integrated Business Planning
In the field of Business Planning & Analytics, there are several topics that contribute to the agility of today's organizations. Integrated Business Planning (IBP) is central to this. This page highlights the core and utility of IBP and discusses the technologies that facilitate this process.
What is Integrated Business Planning?
IBP takes Financial Planning & Forecasting to the next level. It's not just about numbers, but about the stories behind those numbers. With IBP, you zoom in on the real drivers of your business and base your planning and forecasting on them.
Why is Integrated Business Planning important?
IBP brings all disciplines together in one streamlined process. The result? Better alignment between business units and a smaller gap between Finance and the rest of the organization. Your financial and operational planning are directly connected, allowing you to act faster and smarter.
What technology do you need?
For IBP, you need flexible tools that can follow the dynamics of your business. Think powerful calculation engines for complex calculations and intuitive interfaces for a wide user base. Typical tools for IBP:-
- SAP Cloud Finance
- Vena Solutions
Integrated Business Planning in a broader perspective
IBP is just one puzzle piece in the larger Business Planning & Analytics landscape. Other key topics include Management Reporting & Analytics, Financial Planning & Forecasting and Costing & Profitability. Together, they give you the tools and strategies you need to drive your business.