In today's fast-paced market environment, companies cannot afford to rely on static business plans. This is where the concept of Connected Planning becomes crucial. By integrating all of your organization's business processes, Connected Planning eliminates information silos and streamlines operations, boosting overall business value. Many businesses currently operate with disjointed spread sheets, leading to inefficiencies and frustrations. Collaborating effectively across different departments is often challenging. Connected Planning facilitates strategic decision-making through enhanced collaboration, actionable insights, and predictive capabilities. By seamlessly integrating people and data within a Connected Planning platform, businesses can unlock significant benefits.

What Is Connected Planning for?

The goal of Connected Planning is to establish a central source of accurate information, often referred to as the "single version of truth." This ensures that all members of your organization are well-informed about the activities within their respective business units and understand how changes from other areas of the business may affect them.

Benefits of Connected Planning

According to modern standards, organizations must possess speed, productivity, and foresight to uphold up-to-date and pertinent plans. Speed enables the ability to swiftly create and adapt plans in comparison to competitors; productivity streamlines the decision-making process by reducing time spent on data analysis, and foresight empowers leaders to make informed decisions by accurately forecasting future outcomes. This encapsulates the core value of Connected Planning. When effectively put into practice, Connected Planning can yield numerous significant advantages for organizations.

Identify a Single Truth Source

This benefits organizations that have data and planning silos. Forecasts are usually created separately by various departments such as procurement, sales, HR, supply chain, logistics, production, asset management, and others.

Improve Decisions with Data

Customers have the flexibility to utilize a range of formats for more in-depth or sophisticated modelling situations. The advancements in technology are transforming the operations of businesses such as yours, enabling them to drive informed decisions using data collected from multiple perspectives.

Easily Modify Plans

With Connected Planning, plans can be easily adjusted in real-time, enabling the identification of key drivers of business performance. Any modifications made to a plan are automatically reflected across all relevant plans.

Prepare for Your Future Performance

In the process of planning, many teams often depend on historical data to forecast future performance, resulting in a significant waste of time. This approach is ineffective as past performance does not reliably predict future outcomes. Through the adoption of Connected Planning, organizations can shift from merely consolidating data to critically analysing and pinpointing risks and opportunities.

Making Real-time Decisions

Real-time decision-making without proper planning is no longer sufficient. CFOs consider operational scenarios to be one of the key business needs. They must have the ability to rapidly and effectively evaluate alternative options. This entails the continual testing of new strategies.

Complexity Management

Managing complex operations presents a unique set of challenges. Unlike traditional planning applications that restrict the ability to simulate intricate business models, organizations require a platform capable of modelling the most complex scenarios. Real-time data analysis facilitates the rapid generation and delivery of new plans.

Nirmalya Enterprise Resource Planning for your Enterprise

Nirmalya's Enterprise Resource Planning streamlines the interaction between individuals, data, and plans, simplifying the management of planning processes. This cloud-native and dynamic platform aids organizations in making more informed decisions, leading to tangible cost savings and increased business value. Designed for both fast-growing and large companies, Nirmalya Connected Planning enables Finance, Sales, Marketing, Supply Chain, and HR functions to swiftly adapt, reduce uncertainties, and break down operational silos. Embrace Connected Planning to maximize your organization's potential through enhanced connectivity.

Financial Planning & Analysis

• Develop model targets using driver-based methods for different aspects of the business
• Establish a connection between the Long-Range Plan and the Annual Operating Plan and Forecast
• Implement dependable budgeting and forecasting to strategically plan for both capital and operating expenses.

Workforce Planning & Performance Management

• Enhance efficiency in recruitment and training investments while considering costs
• Forecast employee turnover, identifying risks, and strategically filling vacancies
• Conduct gap analysis to align skills and optimize workforce composition.

Sales and Marketing Management

• Develop comprehensive plans for motivating and compensating sales teams.
• Evaluate and predict trends within territories, time frames, and product/service offerings.
• Analyse marketing expenditures and channel performance to inform budget decisions.

Supply Chain Planning & Management

• Conduct P&L modelling for complex supply chain networks
• Facilitate interactive supply-demand balancing and streamline collaboration
• Implement agile demand management through market signals orchestration

Nirmalya Enterprise Platform offers a unified solution for businesses to streamline their operations. With a centralized platform and integrated planning capabilities, enterprises can efficiently plan, schedule, execute, and monitor their goals. For further information on how Nirmalya Enterprise Platform can benefit your business, please reach out to us today.