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Excel is no longer enough. New tools are needed.

Almost a year after our Polish team established itself in Warsaw, they collaborated on an article in the Polish edition of Forbes. This article goes into detail on why Excel can no longer be used as a viable tool for business planning.

According to Forbes, companies should improve their planning tools to become more integrated and centrally connected. The current trend among companies is to move away from Excel spreadsheet planning. Working with spreadsheets has proven ineffective, time-consuming, and error-prone, which is why a connected planning platform can mitigate these risks.

The future is connected planning

Due to the complexity and the development of business today, tools must be used to capture a holistic perspective for the entire organization. It’s crucial for data from different departments to be integrated in one tool, including finance, supply chain, sales, and human resources.

Gartner's 5 stages of S&OP process maturity
Gartner's 5 stages of S&OP process maturity

Anaplan is a cloud-based software tool that is capable of efficiently processing large amounts of data, providing flexibility, and efficiently managing data even by many people at the same time.

You can also evaluate the effects of different market scenarios and business strategies with Anaplan, which transforms planning your activities into a new experience and enables you to evaluate opportunities and threats simultaneously.

Data can be imported from various sheets or external applications at the push of a button, thanks to Anaplan. Such activities in Excel are a hassle one the one hand, while on the other hand, there is the risk of an error that could be costly.

Additionally, Anaplan is a future-proof platform because of the artificial intelligence and machine learning algorithms that can be used to improve decision-making and forecasting. PlanIQ, the artificial intelligence and machine learning solution can predict the financial needs of departments or projects inside a company more accurately and reliably than traditional models on Excel can.

We are Anaplan Gold Partners

As a Gold Partner of Anaplan, Sonum International is dedicated to supporting Anaplan customers in transforming their internal business processes into true value-added services. Feel free to reach out to us to discuss how we can help you on your connected planning journey.

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