Ventana Research Analyst Perspectives

The Planning Center of Excellence

Posted by Robert Kugel on Dec 20, 2022 3:00:00 AM

In the face of a very uncertain future, companies have been discovering the value of rapid planning and budgeting cycles. As events unfold, they’re changing expectations for the future significantly on a daily or weekly basis. However, even when the world returns to a steadier state, companies will benefit from making their planning and budgeting processes faster, easier, more relevant, more strategic, more agile and more accurate.

Outcomes are uncertain and contingent on specific events, leading executives to consider multiple scenarios, each with different drivers, not just a vague base case, upside and conservative projections. And to do scenario planning rapidly at a sufficiently granular level, organizations must integrate their business planning efforts – siloed planning won’t work.

Ventana Research SVP and Research Director Robert Kugel explains why companies need a “Planning Center of Excellence” as a practical way of achieving these objectives.

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Topics: Office of Finance, IBP, Business Planning, CFO, Integrated Business Planning

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Robert Kugel

Written by Robert Kugel

Rob heads up the CFO and business research focusing on the intersection of information technology with the finance organization and business. The financial performance management (FPM) research agenda includes the application of IT to financial process optimization and collaborative systems; control systems and analytics; and advanced budgeting and planning. Prior to joining Ventana Research he was an equity research analyst at several firms including First Albany Corporation, Morgan Stanley, and Drexel Burnham, and a consultant with McKinsey and Company. Rob was an Institutional Investor All-American Team member and on the Wall Street Journal All-Star list. Rob has experience in aerospace and defense, banking, manufacturing and retail and consumer services. Rob earned his BA in Economics/Finance at Hampshire College, an MBA in Finance/Accounting at Columbia University, and is a CFA charter holder.