It’s often said: the world is changing faster and faster. We’ve been calling it for years and it’s true. The speed at which innovations succeed each other and thus turn the industry upside down was a dominant factor year after year. Yet it is nothing compared to the shock that went through our world this year. The complete disruption of the Covid-19 outbreak has suddenly broken old patterns and the near-future is suddenly more uncertain than ever. As a financial, how can you keep your organization on track in these turbulent times?
Dynamic planning in uncertain times with SAP Analytics Cloud
A static budget is no longer sufficient, certainly not now. The budget expires before it is even drawn up. Increasing uncertainty requires faster insight into what is happening in the business as well as a process that supports a rapid response to this. The best-practice is a flexible and integrated planning process that draws input from all levels of the business and rolls up directly into a total financial plan. Such a dynamic plan builds bridges between the silos in organizations and makes the financial impact of changes immediately clear.
Scenarios as a management tool
A dynamic and integrated plan offers another advantage. With the help of such a planning model, you can support scenario analysis for management. Calculating different scenarios quickly ensures that you are better able to deal with the increasing uncertainty. This way, you can stay ahead of impactful changes and you gain insight faster. This leads to faster and more informed decisions for your business.
A dynamic planning process
A dynamic planning process requires a platform that goes beyond fragmented spreadsheets. There are several solutions in the market that can support these types of models. SAP chooses SAP Analytics Cloud (SAC) here. Within SAC you can use standard predictive analytics together with BI and planning functionality. As it takes place in one platform, it is more user-friendly than separate components. Especially because it provides one clear interface in which all data comes together.
A dynamic planning process requires a platform that goes beyond fragmented spreadsheets.
Get started quickly with module templates
The foundation for a dynamic planning model can be quickly realized with the help of our module templates. There are templates for specific industries (such as retail, financial services, construction & engineering, fast-moving consumer goods, and education) and for specific functions (such as marketing, sales, HR, procurement, and tax). With the help of these modules, you can get started with your new planning model within a few weeks. Because SAP Analytics Cloud can be made available quickly and easily as a true cloud solution, you can quickly make the dynamic planning model available to users across your organization.
Want to know more about dynamic planning?
Would you like to know more about dynamic planning with SAP Analytics Cloud? In this webinar, our colleague Stephan de Wit takes you along in a number of concrete examples of a dynamic planning model in SAP Analytics Cloud. If you want to know more about dynamic plans for your organization, you can also plan a one-on-one meeting with these experts. We will then consider the specific questions of your organization and together we explore how our module templates can be used in your situation.
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