Research shows that Finance and Supply Chain teams thrive and increase the contribution to business performance when they collaborate. Such collaboration is one of the key objectives of Integrated Business Planning (IBP).
Is not a secret that the collaboration between Finance and Supply Chain teams has been a long standing issue due to the disconnected application setups used to run the business and the inevitable by-product of the division of labor: siloed organizations. Yet despite the many efforts to strengthen the partnership between these teams, some persuasive issues must still be addressed. Some opportunities to boost that collaboration exist through sharing the same objectives under a unified data model.
All too often, in integrated business planning implementations, the collaboration between Finance and Supply Chain teams is difficult due to the following challenges:
Solving for these challenges calls for an EPM platform with one data model capable of blending supply chain and financial data. Such a platform is essential to boost collaboration between Finance and Supply Chain teams and drive efficiency improvements within integrated business planning.
Unifying integrated business planning with an EPM platform and one data model encourages partnership between Finance and Supply Chain teams. It also unlocks value to both teams and brings novel approaches to planning. To demonstrate that value, we’ve made available a guide for you to discover 5 integrated business planning use cases and the benefits applicable when Finance and Supply Chain teams collaborate under one EPM solution (see Figure 1).
The use cases shown in Figure 1 are just a small selection of what’s possible when Integrated Business Planning is unified with an EPM solution that fosters collaboration between Finance and Supply Chain teams.
Are you ready to raise your integrated business planning practice? Discover the benefits of applying these use cases and having one platform with one data model.Download the Guide