Evaluation of Planning Tools for Organizations

This white paper serves as a guide for financial planning and analysis (FP&A) leaders seeking to evaluate and select appropriate planning tools for their organizations. It begins by defining the concept of planning and its significance in aligning strategy with financial and non-financial targets. The document outlines a systematic approach to evaluating planning tools, emphasizing the importance of understanding business requirements and pain points. It details the capabilities of various planning tools, including Anaplan, Board, OneStream, Oracle, SAP Analytics Cloud, SAP Business Planning and Consolidation, and Wolters Kluwer CCH Tagetik. The paper also discusses decision criteria essential for selecting the right tool, such as integration options, user experience, and security features. Furthermore, it highlights the need for a dedicated team to support the evaluation process, ensuring that organizations can effectively adopt and utilize the chosen planning tool to enhance their operational efficiency and decision-making capabilities.