In today's quickly evolving business landscape, organizations must continue to adopt innovative approaches just to stay competitive. One such approach which continues to gain significant attention is integrated planning which is the process of connecting and harmonizing operations planning and financial planning activities. By aligning these two critical processes, organizations can achieve a unified and coherent planning framework that delivers a myriad of benefits. In this article, we will explore the key benefits of integrated planning which lead to optimal business performance.
The world of planning and analysis has been experiencing a fundamental shift in recent years. If you are unfamiliar with xP&A, short for eXtended Planning and Analysis, you may not be aware of this shift. So first, what exactly is xP&A? Directly quoting Gartner, “xP&A is the evolution of planning, combining financial and operational planning on a single composable platform. It ’extends‘ traditional FP&A solutions focused solely on finance into other enterprise planning domains such as workforce, sales, operations and marketing.”