Maja Todorovic, Head of FP&A, Valneva: ‘We need a modern planning tool … for all processes in the finance department.’
Machine Learning keyfacts and possible usecases from an FP&A perspective.
Do you lose sales because your demand plan is not up to date? How do you set inventory targets? Do you track forecast accuracy? And … do you do any of this in Excel? Most companies need a quick response to the market and with Excel, as you can imagine, this is hard to do.
Apparently many companies are confronted with the same challenges – finding an alternative to the excessive use of Excel, more precise forecasts and the way to truly integrated business planning. Last week we contributed to the “4th Global S&OP to Integrated Planning Summit” and the “Finance 4.0 – Finance Digitalisation and Transformation Summit” in Amsterdam
On the 10th and 11th of September many well-known companies – such as PepsiCo, Stora Enso and Konecranes – were informed of the latest findings on the optimization of planning processes at the S&OP Excellence Forum and were brought up to date on current scientific research results, in particular on the subject of Artificial