FSN - Integrated Business Planning - the cornerstone of smart decisions
Despite the vast sums of money that have been invested in core financial processes, business planning and forecasting remains a significant challenge for many organisations.
Most willingly admit it takes too much management time but there are also strong doubts about accuracy. For example, 30% of companies say they can only predict costs to within 20% budget and the same businesses struggle to predict actual revenue within 22% of forecast1.
So, how can businesses transition to IBP and smarter decision-making?