It’s logical to think that integrating all the planning processes across the business would help to drive better focus, outcomes and success for organisations. Unfortunately, departmental level planning in silo’s is the standard practice for most business. This is leading to a major handbrake for firms, creating disparate and disjoined processes in an era where only the agile and nimble will survive.

In simplistic terms, Integrated Business Planning is a method which combines financial and operational data from across the business. By combining this information, it enables businesses to maximise their performance by linking its strategic plans with financial and operational plans. This view across the organisation gives greater visibility of the interconnected relationship between resources, capabilities, and results. Firms can then use this information to better devise their business plans, KPI’s and strategic goals.

Some of the benefits of Integrated Business Planning are: