What is a connected planning platform?
Today's dynamic market conditions do not allow companies to develop static business plans. That’s where Connected Planning comes in. Combining all of your organization's business processes to boost your business value by removing information silos and reducing inefficiencies.
Anaplan's Connected Planning allows people, data, and plans to interact directly, making management of planning processes easier.
More Details on Connected Planning
Businesses today operate their people, data, and plans from disconnected spreadsheets, causing an excruciating and exhausting situation. Collaborating across organizations is neither feasible nor effective.
Connected planning supports strategic decision-making through collaboration, insights, and predictive, self-learning capabilities. People and data are seamlessly integrated with Anaplan's Connected Planning platform. Connected Planning allows you to gain more benefits by connecting more.
Connected Planning: What Is It for?
Anaplan's Connected Planning is intended to provide a single source of "truth", or "one version of the truth". To ensure that everyone within your organization knows what's happening in the business unit they are responsible for and the impact of changes coming from other parts of the business.
Benefits of Connected Planning
Modern organizations require speed, productivity, and foresight to maintain timely and relevant plans. With speed, you can plan and pivot faster than your competitors; productivity helps you make better decisions by spending less time analyzing data, and foresight helps leaders make better decisions by accurately predicting the future.
Exactly this is what Connected Planning offers.
Read this comprehensive guide for Anaplan's integrations, extendibility, and implementation of APIs
When successfully implemented, connected planning can offer several important benefits to organizations.
1. Identifying a single truth source
Anaplan often uses this phrase when describing Connected Planning. This is beneficial to organizations with data silos and planning silos. Forecasts are typically made independently by sales, HR, supply chain, and a number of other departments.
2. Improve your decisions with data
With Connected Planning, users can leverage a variety of formats for more detailed or nuanced modeling scenarios. Technology is reshaping the way companies like yours work - allowing them to make better decisions based on information gathered from every angle.
3. Easily modify plans
When you use Connected Planning, plans can be modified 'on the on-the-fly', and factors that drive business performance can be identified. Whenever a plan is adjusted, its effects are automatically reflected across all affected plans.
4. Prepare for Your Future Performance
During planning cycles, most teams rely on historic data to predict future performance, which wastes a large amount of time. This is an inefficient way of predicting future performance since previous performance is not a reliable indicator.
By implementing Connected Planning, organizations can move beyond simply consolidating data to analyzing and identifying risks and opportunities.
5. Making real-time decisions without planning becomes obsolete
According to CFOs, operating scenarios are among the most important business requirements. Alternatively, they must be able to assess alternatives quickly and efficiently. This means constantly testing new approaches.
6. Complexity management
Managing complex operations can be challenging. As opposed to traditional planning applications, which limit your ability to model complex business models, the organization needs a platform that can model even the most complex business models. Data can be analyzed in real-time, which allows for the quick delivery of new plans.
READ MORE: 10 Anaplan Best Practices To Optimize Your Model