Business planning and analysis (BP&A) teams endeavor to forecast the future so their organizations can better anticipate business needs. But unexpected events like COVID-19 can turn everyone's predictions on their head.
Nevertheless, BP&A must still be able to deliver real-time business insights quickly and in a way that enables business leaders to make sound decisions. This means shifting away from the traditional financial planning and analysis function to one that focuses on business partnering and planning for the entire enterprise.
The BP&A imperative is to provide value and identify paths to take forward, even in the wake of large, unforeseen disruptions. Explore five key areas to help you begin the journey.