by Vanguard Software | Feb 5, 2021 | Integrated Business Planning (IBP), Finance, Financial Planning & Forecasting
Integrated Business Planning: The Role of the Financial Forecast: Part 2 This is part two in our series defining the role the financial forecast plays in Integrated Business Planning (IBP). In our first post, we reviewed the role financial forecasts play in the...
by Vanguard Software | Jan 29, 2021 | Integrated Business Planning (IBP), Finance, Financial Planning & Forecasting
Integrated Business Planning: The Role of Financial Forecasts: Part 1 Successful organizations use Integrated Business Planning (IBP) to inform their operational strategies, with financial forecasts playing a crucial role. Due to the desire to enable alignment across...
by Vanguard Software | Nov 13, 2019 | Supply Chain, Demand Planning, Financial Planning & Forecasting, Sales & Operations Planning, Supply Planning
Improve the resilience of business plans using statistical confidence intervals Generally, Sales & Operations Planning (S&OP) decisions are made based on a “best guess” or single point value forecast, rather than a range of possible outcomes (the statistical...
by Vanguard Software | Jan 30, 2019 | Finance, Financial Planning & Forecasting, News, Supply Chain
American Express (AMEX) recently introduced Early Pay, a new early payment option for large U.S. companies that buy goods and services from U.S. suppliers. Buyers get discounts if they pay suppliers earlier than their due date. This speeds up B2B payments to...
by Vanguard Software | Aug 31, 2018 | Financial Planning & Forecasting, Sales Forecasting, Supply Chain
The true value of forecast accuracy presents itself when translated into dollar values. Dr. Jain, Editor of the Journal of Business Forecasting, said in one of his interviews that “an average company can save $3.52 mil. for every one-percent improvement in the...
by Vanguard Software | Apr 4, 2018 | Cloud, Financial Planning & Forecasting
If you’ve worked through static, spreadsheet-based forecasting processes then you know it can be a time-consuming nightmare. Manual spreadsheet reports are convoluted tasks with multiple links and formulas across several spreadsheets with workbooks from different...
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