PEOPLE & SKILLS
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The active participation of the finance team in the monthly IBP reviews , contributing as ‘ key business partners ’ to the real-time testing of different scenarios and adjusting plans accordingly , safeguards the integrity of financial projections .
As finance collaborates with its business partners and the facilitators of each of the IBP core elements of demand product and supply , greater value is delivered to the organisation , through the improved development and critique of plans at each review and the financial extrapolation . The outcome becomes a company-wide focus on financial gap identification and closure , and continuous re-planning and re-optimisation .
“ LOOKING AT THE BIGGER PICTURE FACILITATES THE FORWARD-PLANNING ESSENTIAL FOR BUILDING GROWTH AND INCREASING MARGIN ”
— Birgit Breitschuh , Partner , Oliver Wight EAME
NOVEMBER 2019