Recent research findings expose significant challenges to long-range planning – and business is at risk. In a report issued by the Financial Executive Research Foundation (FERF), of Finance professionals surveyed:
- 45% are unable to maximize opportunities and resources
- 44% are concerned about making the wrong long-term investment decisions
The business environment has grown in complexity – annual plans replanned throughout the year, multi-year processes condensed to adapt to change – and spreadsheets, long Finance’s tool of choice, were not designed to address the challenges this presents.
Finance should instead look to technology innovations leveraged across the enterprise to rein in that complexity and simplify planning and replanning.
With the Planview Corporate Financial Planning solution, you can manage capital projects and long-term initiatives more effectively by:
- Streamlining long-range planning and budgeting
- Enabling the evaluation of plans, replans, and performance
- Integrating long-range plans into the annual budgeting process for greater efficiency
- Delivering accurate, dynamic budgets, for unparalleled insight into spend and benefits of strategies
- Leveraging what-if analysis to optimize investment scenarios and prepare for change
Financial Management for the Entire Enterprise
Planview solutions deliver robust financial management capabilities that merge planning and execution with budgeting and forecasting.
Finance gets visibility into the plans, budgets, and actuals of strategies mapped to projects, initiatives, and products, by leveraging Planview solutions for:
With the Planview Enterprise solution for Finance, you are empowered to:
- Use analytics to demonstrate the value of investments
- Create capital and initiative plans for transformational spending
- Mitigate the effect of replanning and reforecasting
- Easily link strategic planning and long-range planning to annual budgets for better business results