{"id":15293,"date":"2023-06-09T14:00:13","date_gmt":"2023-06-09T14:00:13","guid":{"rendered":"https:\/\/www.walkme.com\/blog\/?p=15293"},"modified":"2023-06-09T14:00:13","modified_gmt":"2023-06-09T14:00:13","slug":"enterprise-planning","status":"publish","type":"post","link":"https:\/\/www.walkme.com\/blog\/enterprise-planning\/","title":{"rendered":"Enterprise planning: A guide to elevating your business"},"content":{"rendered":"\n<p><span style=\"font-weight: 400;\">Every year business planning gets more complicated. Emerging tech, complex staff needs, and significant financial pressures can make it feel like the pressure points will never end for the executive management. And in 2023, the impact of Covid-19 pandemic and the russia-ukraine war are taking their toll.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">But relief is on the way. With the right strategic vision, enterprise planning holds all the answers to a well structured, successful organization. The industry is already recognizing the benefits of enterprise planning, with <\/span><a href=\"https:\/\/blog.gitnux.com\/erp-statistics\/\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">Gitnux<\/span><\/a><span style=\"font-weight: 400;\"> reporting that <\/span><b>the global ERP software market is likely to reach USD 100 billion by 2025<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">The global success of the enterprise planning process comes from the fact that it encompasses all the planning areas. It therefore has the outcome of an organized and successfully acquire a competitive advantage throughout this entire process.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">To help you understand enterprise planning and how to plan in 2023, we will cover the following topics:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">What is the purpose of enterprise planning in 2023?<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">What elements does enterprise planning include?<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">What are the benefits of enterprise planning?<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">How to implement enterprise planning in 6 steps<\/span><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><b>What is the purpose of enterprise planning in 2023?<\/b><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">The purpose of enterprise management, also called <\/span><b>comprehensive planning <\/b><span style=\"font-weight: 400;\">or<\/span><b> analysis planning<\/b><span style=\"font-weight: 400;\">, in 2023 is to enable you to control, balance and align your company goals via your organization\u2019s management and capabilities and financial objectives.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">You can achieve this using an Enterprise Management System (EMS), sometimes called Enterprise System.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">These are software packages that support your organizations to manage several software tasks at once, completing and improving business processes, and can include ERP (enterprise resource planning) <\/span><a href=\"https:\/\/www.walkme.com\/glossary\/resource-allocation\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">resource allocation<\/span><\/a><span style=\"font-weight: 400;\"> software.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">If you\u2019d like a visual representation of the purpose of enterprise planning in 2023, click on the three-minute video below.<\/span><\/p>\n\n\n\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=TE036Yth8VQ&amp;pp=ygUZd2hhdCBpcyBleHRlbmRlZCBwbGFubmluZw%3D%3D\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">QueBIT &#8211; Extended Planning and Analysis (xP&amp;A)<\/span><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><b>What elements does enterprise planning include?<\/b><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img height=\"655\" width=\"1024\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2023\/11\/What-elements-does-enterprise-planning-include__2654e27b.jpg?w=1024&#038;h=655&#038;crop=1\" alt=\"What elements does enterprise planning include_\" class=\"wp-image-16376\" srcset=\"https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2023\/11\/What-elements-does-enterprise-planning-include__2654e27b.jpg 1200w, https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2023\/11\/What-elements-does-enterprise-planning-include__2654e27b.jpg?resize=300,192 300w, https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2023\/11\/What-elements-does-enterprise-planning-include__2654e27b.jpg?resize=1024,655 1024w, https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2023\/11\/What-elements-does-enterprise-planning-include__2654e27b.jpg?resize=80,50 80w, https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2023\/11\/What-elements-does-enterprise-planning-include__2654e27b.jpg?resize=221,140 221w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><span style=\"font-weight: 400;\"><\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">To help frame enterprise planning in the context of 2023, let\u2019s look at its core functions via the different sub-types of planning that fall under the enterprise planning umbrella.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">The first of these planning types is P&amp;L (profit and loss) planning, as seen below:&nbsp;<\/span><b><\/b><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><b>P&amp;L Planning: <\/b><span style=\"font-weight: 400;\">Enterprise management should be the core of your financial planning efforts, as it involves allocating resources and how this relates to your company goals.<\/span><\/li>\n\n\n\n<li><b>Workforce and HR Planning: <\/b><span style=\"font-weight: 400;\">People are resources, and enterprise management helps you decide who is needed for which area of the organization.<\/span><\/li>\n\n\n\n<li><b>Capital Planning: <\/b><span style=\"font-weight: 400;\">Enterprise management helps you to see where you must allocate capital for the best return.&nbsp;<\/span><\/li>\n\n\n\n<li><b>Production Capacity Planning: <\/b><span style=\"font-weight: 400;\">Knowing the production capacity can assist you in making the most of resources, cutting costs, and detecting potential issues using market research.<\/span><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><b>Sales and Operational Planning: <\/b><span style=\"font-weight: 400;\">S&amp;OP (sales and operations planning) is a planning process that integrates demand, supply, and financial planning.&nbsp;<\/span><\/li>\n\n\n\n<li><b>Strategic Planning: <\/b><span style=\"font-weight: 400;\">Get an overarching view of your goals and the strategy to achieve them with enterprise planning.&nbsp;<\/span><\/li>\n<\/ul>\n\n\n\n<p><span style=\"font-weight: 400;\">It is helpful to be aware of the functions of enterprise planning to ensure you optimize its use within your organization.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><b>What are the benefits of enterprise planning?<\/b><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img height=\"765\" width=\"1024\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2023\/11\/What-are-the-benefits-of-enterprise-planning_-1_42654e28.jpg?w=1024&#038;h=765&#038;crop=1\" alt=\"What are the benefits of enterprise planning_\" class=\"wp-image-16378\" srcset=\"https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2023\/11\/What-are-the-benefits-of-enterprise-planning_-1_42654e28.jpg 1200w, https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2023\/11\/What-are-the-benefits-of-enterprise-planning_-1_42654e28.jpg?resize=300,224 300w, https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2023\/11\/What-are-the-benefits-of-enterprise-planning_-1_42654e28.jpg?resize=1024,765 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><span style=\"font-weight: 400;\"><\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">There are many benefits of enterprise planning, and being aware of them helps ensure you get the most out of any enterprise planning strategy.&nbsp;<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><b>Aligned finance and operations<\/b><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">Enterprise planning lets planners see the cause-and-effect relationship between operational and financial data. This gives planners more visibility into resource requirements to enable optimum business performance.&nbsp;&nbsp;<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><b>Improved cross-functional collaboration<\/b><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">When organizations plan by department, plans are typically siloed from one another. All departments plan with other departments in mind by instituting a cohesive planning process across the organization.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">This awareness results in a more strategic <\/span><a href=\"https:\/\/www.walkme.com\/glossary\/operational-approach\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">operational approach<\/span><\/a><span style=\"font-weight: 400;\"> which considers financial results and more effective <\/span><a href=\"https:\/\/www.walkme.com\/glossary\/performance-improvement\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">performance improvement<\/span><\/a><span style=\"font-weight: 400;\"> and management.&nbsp;<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><b>Illuminated performance insights<\/b><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">Many companies limit the planning function by relegating planning tools to finance and finance alone. But organizations can potentially align their entire business by deploying an enterprise planning strategy using key performance indicators (KPIs).&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">To get the best performance insights on training progress as your staff learn how to use enterprise planning tools, implement our <\/span><a href=\"https:\/\/www.walkme.com\/glossary\/dap\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">DAP<\/span><\/a><span style=\"font-weight: 400;\"> (digital adoption platform).&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">It&#8217;s in-app guidance and personalized learning can drive and illuminate performance throughout your enterprise planning strategy.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">When all planning functions are connected enterprise-wide, planners from every department can determine goals and create budgets and plans that consider all facets of the organization.&nbsp;<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><b>Data-driven decision making<\/b><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">Enterprise planning systems elevate planners\u2019 analysis by democratizing relevant information across departments.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">With the ability to sift and sort enterprise data according to various drivers, planners can understand the root cause of performance, which enables them to either take action or change course.&nbsp;&nbsp;<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><b>Streamlined Customer Service<\/b><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">Even if your company&#8217;s clients are unaware of it, they also enjoy the advantages of the enterprise planning system.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">The system centralizes and simplifies client information, freeing your sales team to focus on building and sustaining customer relationships rather than managing spreadsheets. Ultimately, customer acquisition and retention are paramount concerns for any business.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><b>Data quality and security<\/b><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">Enterprise planning systems bring the advantage of improved data security since they focus on managing data and offer sharing capabilities across different departments, such as sales and marketing.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">This collaboration enhances <\/span><a href=\"https:\/\/www.walkme.com\/glossary\/employee-productivity\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">employee productivity<\/span><\/a><span style=\"font-weight: 400;\">. However, enterprise planning solutions also provide control mechanisms to ensure only authorized person access and edit the data.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><b>How to implement enterprise planning in 6 steps<\/b><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img height=\"626\" width=\"1024\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2023\/11\/How-to-implement-enterprise-planning-in-6-steps_42654e28.jpg?w=1024&#038;h=626&#038;crop=1\" alt=\"How to implement enterprise planning in 6 steps\" class=\"wp-image-16379\" srcset=\"https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2023\/11\/How-to-implement-enterprise-planning-in-6-steps_42654e28.jpg 1200w, https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2023\/11\/How-to-implement-enterprise-planning-in-6-steps_42654e28.jpg?resize=300,184 300w, https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2023\/11\/How-to-implement-enterprise-planning-in-6-steps_42654e28.jpg?resize=1024,626 1024w, https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2023\/11\/How-to-implement-enterprise-planning-in-6-steps_42654e28.jpg?resize=80,50 80w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><span style=\"font-weight: 400;\"><\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Expanding planning and analysis beyond the finance function to include planning processes, data, and tools requires careful strategies and consideration, even if it may seem like a natural progression for enterprise planning processes.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">To increase the chances of successfully adopting enterprise planning across the business by including all internal and external factors, follow the steps outlined below:<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><b>1. Acquire buy-in<\/b><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">To implement enterprise planning, it is crucial to have backing from the executive team and departmental leaders. The finance team needs to ensure that everyone comprehends their responsibilities in these upgraded procedures and the advantages that enterprise planning can offer them.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><b>2. Develop an enterprise planning strategy&nbsp;<\/b><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">The finance department needs to plan how to roll out FP&amp;A to all departments in the business. Additionally, it should develop a strategy for continuous planning and performance management that considers the views of critical stakeholders.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><b>3. Rebuild data and architecture<\/b><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">To fully achieve xP&amp;A goals, simply transferring current systems may not be sufficient. Identifying what digital tools and capabilities are necessary to enable xP&amp;A goals and ensure <\/span><a href=\"https:\/\/www.walkme.com\/glossary\/data-integrity\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">data integrity<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Integration of all relevant business data in one platform will require changes in architecture and increased data management requirements.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><b>4. Define key data and metrics&nbsp;<\/b><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">The finance department can collaborate with other departments and business units to determine the most crucial operational and financial performance data, identify potential changes, and decide which metrics should be included in xP&amp;A.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><b>5. Prioritise change management<\/b><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">It&#8217;s vital for everyone involved, including executives, board members, managers, users, and the IT department, to make changes when implementing xP&amp;A.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">To ensure a successful deployment, it&#8217;s crucial to prioritize change management and clear communication throughout the process.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><b>6. Plan ongoing improvement<\/b><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">Over time, xP&amp;A processes can be improved and expanded. Organizations should consider adopting a test-and-learn approach to successfully implement xP&amp;A in different functions, geographic locations, or business units.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><b>Streamline your enterprise planning with a DAP<\/b><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Enterprise planning is vital for businesses seeking to elevate their operations. By embracing strategic thinking, data-driven insights, and efficient decision-making, organizations can confidently navigate the complexities of a rapidly evolving market.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">However, to truly unlock the full potential of enterprise planning, it&#8217;s crucial to leverage modern technologies that simplify and streamline the process. That&#8217;s where a DAP comes into play.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">With its advanced features and capabilities, a DAP empowers businesses to optimize their enterprise planning projects, enabling seamless collaboration, real-time data analysis, and informed decision-making.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Don&#8217;t wait any longer; take the leap and use a DAP to streamline your enterprise planning project today. Witness firsthand the transformative impact it can have on your business&#8217;s growth and success.<\/span><\/p>\n\n\n<a href=\"javascript:;\" class=\"popup-threefields m-element-hidden j-initiator j-paid_post_feature\" id=\"imgpng\" form-type-id=\"imgpng\"><img decoding=\"async\" class=\"initiator-image\" src=\"https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2023\/04\/Employee-productivity-B-min_2643bf25.png\"\/><\/a>\n","protected":false},"excerpt":{"rendered":"Every year business planning gets more complicated. Emerging tech, complex staff needs, and significant financial pressures can make it feel<span class=\"moretag\">&#8230;<\/span>","protected":false},"author":251,"featured_media":15294,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"mobile_image_id":0,"tablet_image_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7327],"tags":[7786,437,7770,7619,7617],"class_list":["post-15293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-adoption","tag-change-management-3","tag-dap","tag-digital-adoption-platform-2","tag-enterprise-management-system","tag-enterprise-planning"],"acf":{"__coauthors":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Enterprise planning: A guide to elevating your business<\/title>\n<meta name=\"description\" content=\"You won\u2019t get anywhere without a plan! So, streamline your strategy with our guide to enterprise planning.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.walkme.com\/blog\/enterprise-planning\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enterprise planning: A guide to elevating your business\" \/>\n<meta property=\"og:description\" content=\"You won\u2019t get anywhere without a plan! 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