Three Capabilities to Fuel Today's Dynamic Planning and Forecasting
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Overview: The current business environment is still characterized by skittishness, tenuous demand and sporadic growth. It's no surprise then, that 60 percent of CFOs plan to make major changes to critical finance practices and processes, according to the 2010 IBM Global CFO Study. In fact, 70 percent of CFOs claim to be taking a more prominent role in decision-making beyond the traditional role of finance. Yet many CFOs admit to significant gaps in their abilityto deliver on this expanded agenda, particularly in their ability to measure and monitor business performance. The IBM study found that those companies that invest in capabilities to expand their business insight are better able to anticipate and react to the unpredictable external forces affecting the economy.