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Best Practices in Planning and Performance Management – Collaborative Allocations Planning

Sponsored by Cognos

Date:Tue, Sep 13, 2005
Time: 2:00 P.M. ET
Duration: 1 hour
Cost: Online FREE

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Summary

Best Practices in Planning and Performance Management
A Three-Part Webcast Series

Is your business slower and less volatile today than five years ago?

Will it be slower and less volatile next year?

Majority answer: No.

In response to the increasing pace and variability in business, leading companies are adopting the tools and disciplines of Enterprise Planning to improve their performance management systems. The traditional annual budgeting process is not keeping pace with the need for a simple, integrated and dynamic planning system that can help companies anticipate performance gaps, assess alternative scenarios quickly and intelligently, and enable effective execution.

In this series, industry experts will describe how you can apply best practices in enterprise planning to more effectively manage both financial and operational performance.

You’ll learn how to:

  • Align corporate objectives with individual operating plans across the enterprise.
  • Link plans to market events and operational drivers.
  • Coordinate financial and operational plans.
  • Shorten planning cycles, increase likelihood of success, and accelerate time-to-value.
  • Deliver predictable and visible "best-in-class" performance.
  • Quickly respond to market pressures.

    PART ONE
    Best Practices in Planning and Performance Management –
    Collaborative Allocations Planning

    With the exception of revenue, expenses are often the main focus of executive management as it reviews a company’s Profit and Loss statement. At the corporate level, Finance works diligently to manage expenses and set corporate guidelines. At the divisional level, line managers are making expense decisions to optimize the efficiency and throughput of their staff. These groups need to collaborate on a forward-looking basis so that divisional-level decisions are in line with corporate expectations.

    In this first webcast in our three-part series, Tony Levy, Director, Cognos Product Marketing, and Mike Wilcox, Solutions Manager, Cognos Innovation Center, will describe and demonstrate best-practices in collaborative allocations planning.

    You will learn how to:

  • Enable a simple, integrated, and dynamic planning process to manage expense projections more effectively.
  • Establish a collaborative system to allocate expenses equitably based on both historical patterns and user input.
  • Seamlessly integrate consolidated expense plans with integrated financial statements.