Financial planning and control is a key process of Corporate Performance Management.

Its functions include:

• providing internal guidance in planning, steering and monitoring value creation through the control of income-statement, cash-flow and balance-sheet value drivers;

• providing external guidance in supplying stakeholders (shareholders, banks, customers, suppliers, government) with key corporate information to enable them to assess economic and financial performance appropriately and rate the company’s creditworthiness accordingly; and enhancing statutory compliance and control capabilities.

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• "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 CPM is the first completely financial closed-loop, double entry CPM solution, that unifies in a single product all Corporate Performance Management processes and Financial Governance processes for data consistency and reliability.
The only solution with Built-in processes and advanced functionalities able to comply with the most complex regulatory requirements, helping companies automate processes, and obtain the necessary transparency and data accuracy for compliance.

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