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Data integration: The key to AI-supported planning systems

Jedox

In our previous blog post “ Proven AI solutions for modern planning “, we shared detailed insights from Dr. Rolf Gegenmantel, our Chief Marketing & Product Officer, into data management and data integration as a basis for advanced analytics and automated sales forecasts at Mitsui Chemicals Europe.

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Financial planning & budgeting: Navigating the Budgeting Paradox

IBM Big Data Hub

Obsolete data and financial projections A budget, at its core, is a financial forecast. To navigate the Budgeting Paradox, organizations are leaning towards more agile budgeting models like rolling forecasts and zero-based budgeting with other strategies, such as integrated business planning.

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What is Integrated Business Planning (IBP)?

IBM Big Data Hub

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity. Data integration and analytics IBP relies on the integration of data from different sources and systems.

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5 financial planning software capabilities that drive business value

Jedox

The answer is simple: most organizations use financial planning solutions that lack the adaptability, integration, and simplicity that high-performing teams need to collaborate effectively. 1 As planning solutions evolve to meet this demand, finance leaders must consider which capabilities best fit their organization’s needs.

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How Have Global Fluctuations Changed Your Planning Process?

Jet Global

For many organizations, a frequent complaint related to financial planning has been the level of disconnect that sometimes exists between Finance and Operations. Planners began to integrate functional and departmental plans into their own forecasts. Top-down planners found themselves collaborating more with frontline managers.

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Predictive Analytics Business Use Cases Ensure Results!

Smarten

Plan and forecast accurately.’. Predictive Analytics utilizes various techniques including association, correlation, clustering, regression, classification, forecasting and other statistical techniques. Plan and forecast accurately. Predictive Analytics Using External Data. Demand Planning. Product/Service Cross-Selling.

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How CFOs Can Lead With Foresight

Jedox

The room for poor assumptions and missed forecasts shrank. Build for broad and deep data integration. Old pre-crisis planning took historic company data like aggregated product sales and applied run-rates. Now planning needs direct third-party data feeds like health, policy, and socio-economic drivers.