Strategic planning is the process by which an organization’s mission is translated into long-term strategic objectives.

Strategic planning consists of:

• Formulate long-term management objectives

• Make strategic choices in order to achieve these objectives

• Set action plans to implement these strategic intentions

Strategic Planning focuses on building the future of a business through an organised and conscious approach. Decisions are taken that will have lasting impact on a company’s competitiveness and its long term financial growth.

Discover how Tagetik 3.0 delivers the processes:

• Dashboarding & Scorecarding

• Strategy Management
  

For further reading download the following white papers:

• "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).