Using Adaptive Insights for business planning

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Recognising that the best plans involve the people closest to the day-to-day business, Adaptive built a powerful planning platform so everyone can gain deep insights, make more timely decisions, and build solid, integrated plans. 

Everybody who plans can build complex financial models while avoiding the burden of managing legacy planning environments and massive spreadsheets across different departments and the mind-numbing, error-prone drudgery of manually consolidating data. 

Adaptive’s Business Planning Cloud makes it easy for people across the organisation to manage, report, and analyse business performance. 

Outdated Planning Tools Lead to Static Planning 

Too many organisations use outdated tools for planning. Legacy planning systems have limits that tend to keep planning stuck in finance, with just a few power users able to operate them. 

To make matters worse, they are costly to own, difficult to learn, and overly dependent on IT support. So organisations saddled with these systems develop workarounds, typically spreadsheet planning. 

Unfortunately, this does not set businesses up for success, because the manual processes of spreadsheets and the poor usability and inadequate collaboration of legacy systems mean countless hours are wasted gathering data, reconciling numbers and plans, and managing reports. 

Finance is left with little opportunity to analyse and understand the story behind the numbers and to engage strategically with its business partners. Even worse, inadequate planning environments can force a costly compromise—finance struggles just to get the plan done, rather than having the time and resources to get the plan done right. 

Static Planning Constraints Performance 

Organisations that use legacy on-premises planning solutions or manual spreadsheet planning grapple with a static planning process. Static planning is characterised by siloed teams operating on data and models, manual data manipulation leading to long planning and reporting cycles, and too many errors. 

Not only are static planning processes slow, with limited engagement between finance and business users, but data and insights are neither timely enough nor trusted for agile decision-making. Static planning takes so much time that it limits the ability to provide the strategic leadership the organisation expects finance to supply. 

The Cure for Static Planning is Active Planning 

There’s a solution to static planning: It’s a process Adaptive call active planning. Active planning is collaborative because it deeply involves the people closest to customers and operations. It’s comprehensive with fully linked plans producing insights informed by data. It’s continuous—ongoing instead of periodic. 

Active planning accelerates and improves the quality of decision-making across, up, and down the organisation, leading to informed, timely decisions that fuel a truly agile business. 

When the market or business changes, active planning gives users the flexibility to course-correct in time to adapt and to still achieve departmental and corporate goals. Adaptive Insights enable active planning via a planning platform designed to free people to do their best work and empower teams to better manage their business. 

Adaptability for Change 

Everybody in business plans. In large organisations, planning processes need to span a broad range of finance and operations teams and a complex ecosystem of departments, business units, regions, and countries. 

Unfortunately, planning software historically has been too expensive and too complicated for anyone beyond a few power users in the corporate finance function—and often with heavy support from IT. In these environments, the rest of the organisation is left relying on spreadsheets to plan their own functions and to provide input to the corporate financial plan. 

Adaptive Insights broadens planning with industry-leading ease of use and adaptability that accelerate adoption, drive broad engagement and collaboration across finance teams, operational departments, business units, and deepen planning’s impact and value across the organisation. 

Adaptive believes the teams closest to the market and to your operations should be engaged in the planning process. By engaging finance and non-finance business users in a collaborative, active planning process, you can create high-fidelity plans aligned with your organisational goals, which ultimately delivers better and more timely decisions. 

To find out more about Adaptive Insights click here.

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