Currently, planning and budgeting is a top-down and bottom-up process that occurs once a year. The process is typically manual using spreadsheets and databases to manage the information workflows. After weeks of preparation, the files are completed and consolidated to show new plans and set up the discussion on budgets.
Goals and Objectives
Organizations will infuse their planning and budgeting process with intelligent inputs from the current budget points, coupled with new inputs from the requirements for next year or several years.
Enterprise hardware, personal devices, cloud, big data and analytics, mobile, applications, business consulting, cognitive technologies, and IoT
Use Case Summary
Capital planning and budgeting becomes extremely intelligent with historical perspectives, new inputs for future requirements, and then predictive abilities to understand the future outcomes based on the dynamics introduced.