How can I make decisions faster which lead to better business results? Optimize processes and planning with the purposeful use of internal and external company data.

All activities of a company are based on data and information of various forms and value. Many companies face the challenge of being able to use third data efficiently in order to increase company success and safeguard it for the future.

If the now available information is taken into consideration with a closer look at the associated processes, potential for optimization often comes to light. This is frequently the case in planning and reporting areas. The approaches for derivation of improved prognoses and analyses for the business development and the businesses processes thereof can also be optimized frequently.

Planning, predictive analytics, reporting

Optimization of planning and reporting

Planning processes are implemented in a traditional manner in numerous companies: on the basis of the data of past months, quarters or years. For this purpose, the planning data is queried for each business unit and then consolidated on the basis of specified target values for cost or turnover development. One of the most widely utilized tools for this purpose remains Microsoft Excel with macro-supported aggregation.

Once the planning process has been advanced to a further iteration, the process begins anew. The risk of version and data conflicts increases continuously in the process. The time expenditure for all participants and the overall amount of time for planning are immense. Moreover, the planned figures are often transferred to operative systems manually at the end of the process. Then, reporting takes place with different solutions or even in Microsoft Excel - often with time-consuming processes for creation, consolidation and evaluation. Change requests usually result in significant adaptation work.

But it could be different. This process can be optimized significantly with the use of an integrated solution for planning and reporting. In the process, a clear benefit is provided: Planning takes place based on a system-supported preparation, distribution and merger of data. For this purpose, further data and analyses can be integrated so that substantiated statements on developmental opportunities and risks of individual products and markets can be taken into consideration. The responses and results of such a procedure are available immediately and without manual or macro-based activities.

According to experience, the dynamic situation and high flexibility to develop variants and iterations of the planning are also permitted in such procedural approaches. At the same time, transparency and comparability of goal achievement and business process analysis also increase. If an optimized and/or individual information base for decision-making is desired, self-service offers are additional options.

Planning, predictive analytics, reporting

A reliable look into the future with predictive and analytics

The approaches to planning and reporting are usually based on a "look in the rearview", on the basis of which future developments take place. However, many sectors and business segments find themselves confronted with increasing dynamics and complexity. Some frequent questions in this context:

  • How will a new provider influence the market?
  • How will my customers react to new technologies and trends?
  • What effect will changes have on my suppliers?
  • What is the cause of a production failure and how can I see it ahead of time?

The answers cannot be derived purely in consideration of historical data. By means of predictive and analytics solutions, however, prognoses can be a feasible and reliable approach.

On the basis of internal and, if applicable, external data, analytical models which describe even complex and dynamic constellations are created. Therefore, using data from normal operation, a model can be developed for production in a specific production line, from which potential and imminent deviations and anomalies can be recognized at an early stage.

Planning, predictive analytics, reporting

Anticipation of a certain customer reaction or a newly developing trend in the customer behavior can take place with analyses of internal and external communication – or also the use of social platforms. The results can be used for system-supported departments ("next best" offer or "next best step"), as well as for manual, system-supporting analyses.

Where does the path lead?

The data-based solutions from CENIT help our customers gain experience, which provides insight into how company goals can be better implemented from an operative and strategic perspective. We support this with concepts, software and solutions along the tested procedural model.

In order to offer customers cost-optimized and expense-optimized use, we offer also offer our solutions, in addition to traditional project implementations, as a CENIT managed service - in the cloud or onPremises. As a result, your companies can enlarge business processes, make customer- and/or supplier relationships more profitable, lower costs, minimize risks and increase value creation. And that is a good prognosis