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Recap of Performance Architects’ “Top Five Budgeting and Forecasting Trends: Prepare for 2016 and Beyond” Webinar
Posted on October 14, 2015
Author: Ron Woodlock, Performance Architects

During last week’s webinar, we discussed the Performance Architects’ team’s perspective on the top five budgeting and forecasting trends coming in 2016 in an attempt to prepare the audience for what’s changing in terms of process and technology.

We primed the discussion with a brief review of how planning applications and processes have matured over the past several years. We then reviewed our spin on the “Budgeting and Planning Maturity Model” adapted from the Capability Maturity Model originally developed at Carnegie Mellon University.

With the stage set, we dove into the top five trends. In no particular order, we started with integrating strategic and operating plans, and followed up with a related trend: balancing strategic opportunities and risks. We then discussed a third trend, “how to stop the zombie shuffle” (aka: rethinking the annual budget process). The fourth trend was related to a renewed focus on profitability (or revenue and expense if audience members worked in nonprofits!) and the recent developments in products such as Oracle Hyperion Profitability and Cost Management (HPCM) to address these needs. We finished up with a discussion of the fifth trend: integrating the planning process from beginning to end, and highlighted recent improvement in integration with Microsoft Office and the use of Smart Slices in PowerPoint in Oracle Hyperion Planning and/or Planning and Budgeting Cloud Service (PBCS) to address this need.

We discussed some great questions at the end of the webinar, including these:

  • How are planning models structured differently between a strategic plan and an operating plan?

Performance Architects provides a useful blog entry on the differences between strategic and operational plans which will help answer this question.

  • How do hosting options (e.g., on premise, software-as-a-service or SaaS, cloud, etc.) modify how the trends may impact a particular company?

The answer to this question depends mostly on the applications involved. Some, but not all of Oracle EPM (Hyperion) applications are available “in the cloud.” We discussed a couple of applications that haven’t been re-platformed including HPCM and Hyperion Strategic Finance (HSF). For the rest of the applications that have been in the cloud there isn’t much of a difference; Performance Architects published a blog post and hosted a webinar that addresses the three big differences between planning in the cloud and on premise to help clarify these differences if you need more information on this topic.

For those of you that couldn’t listen to the presentation live, the webinar recording and slides are available on the Performance Architects Learning Center. Have any questions? Please leave a note below or contact us at communications@performancearchitects.com.


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