Enterprise planning is a process where metrics are needed to implement a corporate strategy, this is done by preparing business plans for a medium to long period, which usually varies from 3 to 5 years. Enterprise Planning is not only based on individual elements of a corporate structure but also as a whole. The essential purpose is to provide a company the opportunity to reach it’s potential, achieve results targeted.

Enterprise Planning is divided into:

• Budget Plan: summarising the costs, revenues and profit or loss for the year.

• Balance sheet Plan: summarising the composition of, liabilities and then determining the equity.

• Investment Plan: summarising investment and disinvestment of fixed assets.

• Financial plan: summarising the cash flows arising from these plans.

Discover how Tagetik 3.0 delivers the processes:

• Budgeting, Planning & Forecasting

• Cash Flow Planning

• Dashboarding & Scorecarding

• Strategy Management
  

• "Planning and Budgeting in European Companies: Performance management concepts, solutions and perspectives" BARC Institute, Wurzburg, June 2008

• "Financial Planning: mastering the key value drivers" Mario Antonio Vinzia Head of Planning, Administration & Control for EniServizi Professor of Corporate Finance at SDA Bocconi, Milan (Italy)

• "The planning and control of project cash flows and invested capital" Prof. of Managerial Engineering at LIUC Luca Bovo Senior financial analyst – Snamprogetti Spa ed Eugenio Rocco With permission of the publisher this article is taken from Il Sole 24 Ore - Finance and Control, XXIX, vol. 8-9, Milan, originally in Italian and translated in English.

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Tagetik is a global software vendor of the first unified Performance Management & Financial Governance solution to help CFOs and CIOs simplify complex business processes.

A complete financial closed-loop software, Tagetik 3.0 unifies key processes and applications – such as budgeting, planning & forecasting, financial consolidation, financial governance, strategy management, profitability modeling, working capital analysis – to manage and control overall performance, support compliance initiatives, harmonize different views of critical financial data, enable maximum visibility down to business transactions. In this way, the CFO can support the CEO in monitoring the implementation of strategies, ensure their sustainability and control corporate performance.

Since the software leverages “built-in” processes and cross-platform technology – fully web-based and integrated with any ERP, our customers can profit by up to 50% reduction of the total cost of ownership (TCO).