Meeting challenges by means of modernisation
A current study by BARC (Business Application Research Center) concerns the contribution that planning and forecasting can make to improved corporate management.
More than 400 decision-makers, analysts, advisers and managers from companies of various sizes in various sectors around the world took part in the independent study.
A lack of efficiency, high levels of bureaucracy, long throughput times and a lack of transparency in planning processes are main challenges for agile corporate management.
Many companies have reacted to the increasing dynamism by investing in planning and forecasting and are modernising technically, methodically and organisationally.
From the results of the survey and their consultancy experience, BARC has formulated stimuli and recommendations that help planners and forecasters prepare for the future.
BARC (Business Application Research Center) is a leading European consulting firm for business software that focuses on data, business intelligence (BI) and analytics, enterprise content management (ECM) and customer relationship management (CRM). The company was established in 1999 as a spinoff of the faculty of Business Management and Economics at the Julius-Maximilians-Universität in Würzburg. Today, it combines empirical and theoretical research, technical expertise and practical experience, including communication with all market participants.
About Corporate Planning
Corporate Planning has provided innovative software for business management for over 30 years. Its solutions for operational management, integrated financial planning and consolidation run on one technological platform and have won multiple awards. The self-service approach for planning, analytics and reporting is based on the principle of the single point of truth. The common data source ensures transparency and enables automated planning approaches for forecasting, ad-hoc analyses and real-time IBCS reporting with a single mouse click.