7 Benefits of a Planning Platform
Ralf VonSosen
December 7, 2023
If you are wondering how a modern planning platform can help you elevate your planning by going beyond spreadsheets, here are a few of the planning tasks it can make easier—or transform from impossible to possible:
Consolidate Your Data
- Centralize, normalize, and organize your data within one platform to ensure everyone is looking at the same version of the truth.
- Create central roll-up models across groups.
- Integrate data from various systems into one place.
Build and Modify Models
- Iterate existing models to incorporate new business requirements.
- Build complex and scalable business models that are connected to other models across departments without sacrificing the ability to adapt them easily and quickly.
Collaborative Modeling
- Share your models with colleagues to incorporate their expertise by modifying them without fear of breaking them.
- Continuous improvement of models instead of rebuilding from scratch.
- Create new versions of your models while being able to choose which changes to keep or reject.
- Reuse existing models in other departments.
Collect Data from Colleagues
- Collect data input from colleagues securely and directly in your model without relying on emailing your spreadsheet and sharing confidential information.
- Eliminate manual errors through direct inputs into your models.
- Track completion status by using simple task management.
Present Dynamic Insights and Scenarios
- Transform your models into insights that provide value to a wide audience.
- Simply change inputs to create a variety of scenarios in real-time.
- Drill down into underlying assumptions to enable better decision-making.
Security and Integrity of Information
- Stop emailing sensitive information in spreadsheets and ensure your sensitive data, plans, and reports are not compromised within your organization.
- Maintain compliance with ever more stringent data security requirements.
- Increase confidence in the accuracy of inputs, models, and outputs.
Democratize Planning
- Empower many individuals, not just a few experts, to leverage powerful planning and modeling tools, and enable a culture of data-driven decisions and accountability.
- Enhance collaboration across departments.
- Improve agility in all areas of your business
A modern planning platform will enable you to increase your business agility and operational results by empowering individuals to make better, faster, and data-driven decisions. A planning platform can help your organization transform the way it manages, models, and leverages data to drive business results.