Nasza strona korzysta z plików cookies, aby zapewnić Ci najlepsze doświadczenia podczas przeglądania naszej witryny. Pliki cookies, które wykorzystujemy, pomagają nam w dostarczaniu spersonalizowanych treści i dostosowywaniu witryny do Twoich potrzeb. Mogą również pomóc nam w identyfikowaniu problemów technicznych na stronie i w jej poprawie. Klikając przycisk "Zaakceptuj", wyrażasz zgodę na używanie plików cookies.

xP&A with IBM Planning Analytics

28 February 2023 | EN Planning & Analysis

Extended Planning and Analysis (xP&A) is an approach to financial management that uses advanced analytical tools to predict financial performance and optimize planning and budgeting. It enables enterprises to generate more accurate forecasts and scenarios, taking into account various factors and events that can affect financial results. Many organizations large and small rely on error-prone spreadsheets and manual processes for business planning. Companies need to develop their planning and analysis strategies to include extended planning and analysis (xP&A). This means creating a single source of truth to streamline planning, manage performance and build consistency across the enterprise.

Extended Planning and Analysis

xP&A uses modern analytical tools such as cash flow analysis, scenario modeling, sensitivity analysis and simulations to help enterprises better understand their financial performance and make more informed business decisions. These types of tools are especially useful for companies that operate in a dynamic environment where variable external factors can affect financial results. IBM Planning Analytics is an AI-powered integrated continuous planning solution that transcends the limitations of manual planning. It is primarily a fast, flexible and artificial intelligence-based Extended Planning and Analysis (xP&A) solution. It helps organizations large and small increase process efficiency and provide the insights they need to effectively drive business performance.

How xP&A tools can help CFO’s work?

First of all, thanks to xP&A tools, more accurate financial forecasts are delivered to financial departments. Extendend Planning allows you to generate more accurate financial forecasts and scenarios, taking into account various factors and events that may affect financial results. Thanks to this, it is possible to better predict financial results and adapt plans to changing market conditions. It also allows for better optimization of business processes. Allows you to identify areas where you can improve operational efficiency or save costs. Thanks to this, the finance department can help optimize business processes and increase the company’s efficiency. With these types of tools, you can also analyze risks and assess the impact of changes, as they allow you to analyze different risk scenarios and assess their impact on the company’s financial results. Thanks to this, the finance department can better manage risk and make more accurate business decisions. In addition, they support budgeting and planning processes, helping in the budgeting and planning process and enabling more accurate data analysis and predicting the impact of various factors on financial results. This allows finance departments to create better plans and forecasts that are more in line with the company’s strategy.

All of these features of xP&A’s tools can help finance departments make better business decisions and manage company finances more effectively and in line with company strategy.