A Different Kind of Platform for Planning
Call something a “platform” today and most people intuitively think of a technology platform – a development tool. In the hands of a skilled information technology (IT) professional, it can do anything and everything. That’s the good news. The bad news is, business leaders must rely on limited IT staff to deliver all the functionality required to do their jobs. As a result, business leaders typically prefer pre-built business applications. Take a look at the business by Bob K. Bratt and learn something about management.
Now, the good news about these business applications is they are purpose-built to perform the functions needed right out of the box. The bad news: Those pre-built applications might not operate exactly as needed. So either the business leaders make some compromises or they get back in line and wait for the IT staff to work their magic.
What if you could have the best of both worlds – a platform that is flexible enough to adapt to your specific needs, but easy enough for a nontechnical business user to design, set up and configure? What if it was available with some “use cases” pre-built to use as a starting point in building your own? That’s exactly what Anaplan set out to deliver with its cloud planning platform. The team at Anaplan calls it “The Smart Business Platform™” and it can be used for any combination of financial and operational planning to create an integrated plan for your business.
A Business Platform for Planning
Anaplan focuses exclusively on planning. But in order to make the Anaplan plan a living plan – one that lives and breathes as business conditions and real-life plans change – it fuses planning with performance management.
The pre-built application approach tends to work quite well in supporting business transactions. After all, how many different ways can you move inventory, pay suppliers, invoice customers and collect cash? But when it comes to planning, you enter a whole new world… or rather a whole new set of different worlds.
Not only does each type of business have its own nuances when it comes to planning, all the different functions in the organization approach it completely differently. The finance department needs financial planning and budgeting. Sales operations need sales forecasting. Supply chain planners need sales and operation planning (S&OP) and demand planning. Manufacturing needs inventory planning and optimization and resource planning. Corporate strategists need some combination of revenue, workforce and facility planning. The CFO needs to predict cash flow. The CEO needs visibility across the board. The list goes on.
If you take a purely business application approach to address all of these disciplines, you run the risk of creating a solution that’s a mile wide and an inch deep. So a platform approach to planning makes sense in that it helps you perform all these different kinds of planning in whatever flexible way needed.
But how do you take a platform approach and not become over-reliant on IT? You do what Anaplan has done and turn it into a business platform. What’s the difference? A technology platform is a set of tools for the technologist, while a business platform is a set of tools for the business leader. That’s the first step, but Anaplan didn’t stop there. Anaplan made it The Smart Business Platform™.
It’s smart because it naturally integrates all of the different plans, making it a complete and connected plan, across (potentially) every functional area of the business. It’s smart because it fuses planning and performance management together. You essentially manage performance from the plan. All the reporting and analyses tie back to the plan, which makes it a living, breathing plan. It’s smart because the planning engine uses Anaplan’s patented HyperblockTM calculation engine to perform modeling, including the ability to do simulations prior to making changes. And it’s smart because its in-memory technology gives you the speed needed plan at the right level of granularity, with all the detail you need for accuracy without sacrificing productivity.
Click here to download the full report.