3. Realize radical standardization
Connecting your business with consistent data structures, planning methods, budgeting, and forecasting can enforce a common language. Most organizations struggle with disparate systems and data sources, nonstandard practices, and disconnected or ad hoc processes that cause inefficiencies and create risks, from human error, for example. A connected enterprise accelerates the data-to-insight-to-action loop, creates resilience, simplifies processes, and unlocks efficiency.
Accelerated planning and agility
A global restaurant franchise usually carried out its planning activities once a year in its ERP using Excel. The process would take about six months to complete. Having upgraded to Anaplan before the pandemic hit, the company could work in the cloud with standard methods while everyone moved to work remotely, which allowed it to replan the whole business in just four days.