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Planview Adds New Dimension to Corporate Financial Planning

Financial planning capabilities in Planview Enterprise allow CFOs to advance the investment planning process by better translating business drivers into budgets and capital plans

Austin, TX — February 17, 2011 — Planview® today announced a comprehensive new approach to the corporate financial planning process, specifically in the area of investment planning, by extending the benefits of portfolio management to the CFO. The investments any organization chooses to make defines its future performance. Today's economic climate has made it more important than ever for organizations to choose the right investments, understand their financial implications, and validate their return.

Traditional planning tools build budgets from an Accounting-oriented perspective. While this approach is useful for planning and managing routine expenses and run rates, it struggles to provide the business context that enterprises need to understand the impact of investments – capital projects, strategic initiatives, and long-term business plans. Furthermore, in most enterprises, investment planning is typically managed via cumbersome shadow processes, through large complex spreadsheets that must then be manually fed into the financial system.

The News

Planview Enterprise helps CFOs bring a new level of maturity and consistency to the investment analysis process. The solution integrates investment planning with traditional budgeting for:

  • Improved accuracy of financial planning processes
  • Downstream visibility into investment performance
  • Shortened planning cycles that cut time and cost

This enables CFOs to apply the same rigor to investment planning that they typically apply to budgeting, resulting in benefits to both Finance and the line of business (LOB).

Using Planview Enterprise, Finance can work more effectively with the LOB to understand the interplay of investment planning and the budget, integrate the two by relating investments with the accounts that drive budgets, and provide better guidance on aligning LOB budgets with corporate strategy, appetite for risk, and other factors. In concert, the LOB can plan in its own language, and end the productivity-sapping process of rendering its plan into spreadsheets, because investment plans built in Planview Enterprise support the financial depth needed to speak natively to financial budgeting systems.

Both enjoy Planview Enterprise's ability to use what-if scenarios to achieve the optimal plan; Finance can pinpoint which investments best align with corporate goals, available capital, and other financial drivers, while the LOB can determine which scenario will maximize market opportunity, align resources and meet budgetary requirements.

As plans are realized, Planview Enterprise, in conjunction with Accounting systems, provides downstream visibility into investment performance. Simplifying the process of comparing planned spend to actuals creates the agility organizations need to shorten replanning cycles and shift investments in the face of change, while creating transparency required to accurately measure ROI.

And throughout the process, Planview Enterprise provides all users with a collaborative portal environment that serves up relevant dashboards of analytics and reports indicating the performance both of investments, and of programs that feed budgets; this ensures that spend and return are in line with expectations, and enables in-flight corrections when necessary.

What the Experts Say

"An organization's financial planning process must provide executives and management across the entire organization with the ability to plan investments and budgets that fit their corporate strategy. Moreover, it's just as important that they are able to change these plans and budgets quickly and easily to adapt when business conditions change," said Robert Kugel, Senior Vice President, Ventana Research. "Operational planning has to become a more collaborative process, one that spans business functions and integrates with financial budgeting. For this to be feasible, organizations must shorten their planning cycle by using a dedicated application rather than spreadsheets to support their planning processes."

What We Say

"It's ironic the budgeting process is so rigorous, when investments – which truly drive the business – are generally handled in a much more ad-hoc, cumbersome manner," said Patrick Tickle, executive vice president of products, Planview. "Planview is giving Finance and the LOB the tools, the ability to make the context, and the ability to bring the same level of maturity and consistency to investment planning that already exists in budgeting. It's the next logical step of making portfolio management relevant across the enterprise: empowering the CFO to speed decision making and inform better action."

To learn more about how the Planview Investment Planning solution can advance the corporate financial planning process, visit

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