Why? Because the most successful enterprises no longer run on insular siloes and sluggish activities. Connected and synergetic, business functions such as finance, sales, marketing, workforce, and the supply chain are fibers of the same fabric and must move alongside one another effortlessly.
How do large, global enterprises achieve such fluent, conversational, and operational synergy? The answer is easy: through Connected Planning.
The way they were: Life before Connected Planning
Prior to using the Anaplan platform, our customers shared that they used a variety of homegrown and point solutions to support and inform their planning processes. Many of them relying heavily on spreadsheets, customers reported that planning, as a whole, was disconnected across the organization and further siloed within each business unit.
Among many of the challenges reported, customers cited that they wrestled with costly version control issues, manual work efforts, disjointed processes, poor collaboration, and a lack of visibility and insight. With more time spent consolidating information than actually analyzing it, it became increasingly challenging for customers to find or maintain agility in quickly evolving environments.
Adding up the benefits: Key findings of the TEI study
The following are just a few of the benefits of the Anaplan platform included in the study:
- Increased speed of data aggregation and forecasting by 50 percent.
- SG&A expense improvements through improved visibility, optimized spend, and cost containment.
- Sales pipeline consolidation and forecasting is two times faster.
- Over $3.6 million in model development costs are saved with low code requirements and business unit ownership.
- Demand planning forecasting reduces inventory value by 15% and increases planning productivity by 40%
over a 3-year period
“I would say Anaplan has definitely come in and changed the perception of the company on what we will be able to deliver. There is definitely a change in perceived value-add from the advantages of what Anaplan can deliver.”
Other benefits revealed in the study include swift and effective process changes, timely and detailed information for reliable long-term planning decisions, improved relationships with suppliers, and more accurate forecasting and better visibility with a single source of data. The study further noted the platform’s access to real-time dashboards, which help democratize data and drive performance ownership.