OneStream offers a powerful solution for Integrated Business Planning (IBP), enabling companies to centralize and align their financial, HR, operational, and commercial planning processes. By integrating all these strategic components into a single platform, OneStream simplifies cross-departmental collaboration, improves forecast accuracy, and strengthens strategic decision-making.
In a rapidly changing market environment, IBP has become an essential approach for anticipating future challenges while aligning financial and operational objectives.
What is Integrated Business Planning (IBP) ?
Integrated Business Planning (IBP) is a methodology that aims to align the various departments of a company—finance, operations, human resources, and sales—around a common vision. It connects strategic objectives with operational execution through consolidated data and integrated processes. This approach improves overall visibility, fosters collaboration, and ensures better responsiveness to market challenges.
Fragmented Processes: A Barrier to Strategic Planning
Historically, companies have often relied on disparate tools to manage forecasting and planning. This fragmentation leads to:
- A lack of global visibility: Financial, HR, and operational data are often siloed, complicating the alignment of strategic objectives.
- Frequent errors: Over-reliance on Excel and isolated tools increases the risk of errors in forecasts and reports.
- Lengthy and inefficient processes: Manual data consolidation across departments slows decision-making and limits the company’s agility in the face of change.
In response to these challenges, OneStream provides a unified solution that connects all key company information within a single platform.
OneStream: A Unified Solution for Integrated Business Planning (IBP)
The OneStream platform stands out for its ability to integrate finance, HR, sales, and operations into a single environment, providing a comprehensive and accurate view of business performance.
1. Financial Planning
OneStream centralizes financial data to deliver:
- Accurate forecasts based on consolidated, real-time data.
- Better consideration of the financial impacts of operational decisions.
- Risk reduction through built-in validations and clear audit trails.
2. HR and Operational Planning
By connecting HR and operational data, OneStream enables companies to:
- Anticipate workforce requirements based on strategic objectives.
- Optimize HR-related costs.
- Identify and adjust operational capacities to meet fluctuations in demand.
3. Sales and Operations Planning
OneStream facilitates alignment between sales forecasts and operational capacities by providing:
- Better inventory management to avoid surpluses or shortages.
- Real-time synchronization of production, sales, and logistics data.
- Optimization of supply chains to effectively meet market demands.
Why Adopt IBP with OneStream ?
Implementing an Integrated Business Planning approach is crucial for companies seeking to:
- Improve agility: By synchronizing finance, operations, and strategy, companies can quickly respond to market changes.
- Enhance transparency and collaboration: Departments work with shared data in a unified environment, reducing organizational silos.
- Make informed decisions: Leaders benefit from a comprehensive and accurate view of their business to guide strategic choices.
With OneStream, companies have access to a powerful tool to anticipate trends, adjust plans, and align objectives across all organizational levels.
Tailored Support for a Successful Transition
While OneStream is a powerful tool, its implementation requires specific expertise to ensure successful adoption. BHI Consulting, a trusted integrator of management solutions, supports companies at every stage of their transition to IBP with OneStream:
- Business Needs Analysis: Assessment of existing processes and identification of areas for improvement.
- Customized Platform Configuration: Tailoring modules to the company’s unique needs (industry, size, location).
- Team Training and Adoption: Supporting end-users to ensure optimal adoption.
- Post-Implementation Support: Continuous follow-up to adjust processes and meet evolving needs.
With over 15 years of experience, more than 200 completed projects, and a team of 42 specialized consultants, BHI Consulting is a trusted partner capable of maximizing OneStream’s benefits and ensuring the success of your integration projects.
Our clients have experienced a 58% reduction in planning time on average through OneStream integration, boosting their agility and strategic decision-making.
Discover how our OneStream solution can transform your planning processes and enhance your competitiveness.
Conclusion
Integrated Business Planning (IBP) is much more than a tool—it is a strategic approach that enables companies to connect their finances, operations, and strategic objectives. With our management solution, you will have a single platform to:
- Centralize your data.
- Improve collaboration between departments.
- Anticipate market changes and adjust your plans accordingly.
With BHI Consulting, transform your planning processes and gain a clear vision of your strategic objectives. Contact us today to begin your transition to integrated planning with OneStream.
