Why Do Spreadsheets Not Work in an Enterprise Planning Environment ?
- by Mike.Hallett(at)Oracle-BI&EPM
“Around 93% of managers gather or analyze information in spreadsheets and 54% spend more time gathering information than analyzing it....” Find answers in this Whitepaper: some extracts below:
“Traditional budgeting and planning is a straight jacketed and hierarchical exercise.... how many businesses have planning and reporting processes that are smart, agile and aligned? The networked economy challenges the fundamentals of business organization, for example, where does the front-office stop and does the back-office start? Is it still meaningful to plan for customer, channel, or product profitability, or is transaction profitability the only measure that counts?
“Although conceptually, the idea of enterprise business planning is relatively straightforward it has proven to be illusive, because of over reliance on spreadsheet-bound processes, a lack of control over data quality/management, limited use of advanced planning tools and the cultural impediments that afflict many planning processes.
“In the absence of specialist tools, businesses tend to opt for ‘broad brush’ assumptions in financial plans which merely approximate the more granular assumptions used in operational plans.
“Most businesses are familiar with the relationship between risk and reward but in assessing potential opportunities and developing business plans rarely acknowledge risks and probability in a formal way.
Get your customer to see how they do against the “Enterprise Business Planning Checklist”: get them to read the Whitepaper.
