For strategies to be effective, CFOs must be proactive, not reactive–they need a robust BI solution that accesses future-oriented business intelligence from planning models that are dynamic, responsive to user input, and foster collaboration.
CEOs are taking Planning tools seriously, as a key element of their Business Intelligence strategy—one that will contribute significantly to their success in uncertain times ahead.
The budgeting and forecasting process is unique because it is forward thinking. Budgets and forecasts typically reside in spreadsheets where aggregate data is entered by several people in the organization. Tools such as Tableau, Qlik, PowerBI, and others have robust features for creating stunning dashboards from transactional data. However, organizations struggle to integrate and represent plans and forecasts in these BI tools.