One in four finance, planning and analysis
teams will adopt integrated business planning by 2027, new research
says
A new research report from leading global technology research
and advisory firm Information Services Group (ISG) (Nasdaq: III)
says only one out of four finance, planning and analysis (FP&A)
business units will adopt integrated business planning by 2027,
despite its ability to help enterprises plan, budget, report and
analyze faster and more accurately, while offering AI and reporting
capabilities.
The ISG Business Planning Buyers Guides, produced by ISG
Software Research, say the FP&A units that adopt the rapid,
collaborative process known as integrated business planning, which
uses a software platform to bring together operational and
financial planning, will be a strategic asset to the
enterprise.
“Transforming a finance department into a strategic asset relies
on technology that enhances visibility and decision-making and
focuses on future opportunities rather than past outcomes,” said
Robert Kugel, CFA, executive director, Business Research, ISG
Software Research. “Strategic finance organizations can provide
actionable, data-driven insights to optimize performance.
Ultimately, effective planning software bolsters organizational
agility and enhances the value of planning and budgeting across all
departments.”
Desktop spreadsheets remain the budgeting platform of choice for
many enterprises, but the report notes they are prone to errors and
often become overly complex and inflexible. Addressing these issues
is time-consuming, which limits organizational agility.
Technology for managing data flows to and from source systems,
including ERP, customer relationship management and supply chain
management, has evolved rapidly. Application programming interfaces
make it possible to automate data extraction, transformation and
loading from multiple sources onto the planning platform, ensuring
accurate, timely and consistent data is accessible to all
participants in the planning process. While ISG Software Research
says two-thirds of analysts spend too much time on data preparation
and data review, this automation significantly reduces the time
spent on manual data preparation.
For its 2024 Business Planning Buyers Guides, ISG evaluated
software providers across four platform categories – Business
Planning, Financial Planning, Revenue Planning and Workforce
Planning – and produced a separate Buyers Guide for each. A total
of 15 providers were assessed: Anaplan, Board, IBM, Infor,
Insightsoftware, Jedox, OneStream, Oracle, Pigment, Planful,
Prophix, SAP, Vena Solutions, Wolters Kluwer and Workday.
ISG Software Research designates the top three software
providers as Leaders in each category. For the 2024 study, the
leading providers in ranked order are:
Business Planning: OneStream, Oracle and Anaplan
Financial Planning: OneStream, Oracle and Anaplan Revenue
Planning: OneStream, Anaplan and Oracle Workforce
Planning: OneStream, Oracle and Anaplan
“For more than 15 years, integrated business planning has been
the path for enterprises to follow to unify processes, meet
management and operational requirements and achieve optimal
outcomes,” said Mark Smith, partner, ISG Software Research.
“Research ratings help enterprises assess and select software
providers and products to help business, finance and operations
work better together, so they can avoid the perils of spreadsheets
and identify areas where AI can infuse intelligence into these
applications.”
The ISG Business Planning Buyers Guides are the distillation of
more than a year of market and product research efforts. The
research is not sponsored nor influenced by software providers and
is conducted solely to help enterprises optimize their business and
IT software investments.
Visit this webpage to learn more about the ISG Business Planning
Buyers Guides and read executive summaries of each of the four
reports. The complete reports, including provider rankings across
seven product and customer experience dimensions and detailed
research findings on each provider, are available by contacting ISG
Software Research.
About ISG Software Research
ISG Software Research provides authoritative coverage and
analysis of the business and IT software industry. It distributes
research and insights daily through its user community, and
provides a portfolio of consulting, advisory, research and
education services for enterprises, software and service providers,
and investment firms. Its ISG Buyers Guides help enterprises
evaluate and select software providers through tailored assessments
powered by ISG’s proprietary methodology. Visit
www.isg-research.net for more information and to sign up for free
community membership.
About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading
global technology research and advisory firm. A trusted business
partner to more than 900 clients, including more than 75 of the
world’s top 100 enterprises, ISG is committed to helping
corporations, public sector organizations, and service and
technology providers achieve operational excellence and faster
growth. The firm specializes in digital transformation services,
including AI, cloud and data analytics; sourcing advisory; managed
governance and risk services; network carrier services; strategy
and operations design; change management; market intelligence and
technology research and analysis. Founded in 2006, and based in
Stamford, Conn., ISG employs 1,600 digital-ready professionals
operating in more than 20 countries—a global team known for its
innovative thinking, market influence, deep industry and technology
expertise, and world-class research and analytical capabilities
based on the industry’s most comprehensive marketplace data. For
more information, visit www.isg-one.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250130482078/en/
Will Thoretz, ISG +1 203 517 3119 will.thoretz@isg-one.com
Julianna Sheridan, Matter Communications for ISG +1 978 518 4520
isg@matternow.com
Information Services (NASDAQ:III)
Gráfico Histórico do Ativo
De Dez 2024 até Jan 2025
Information Services (NASDAQ:III)
Gráfico Histórico do Ativo
De Jan 2024 até Jan 2025
