We see Operational Planning as being about the detailed operations of a particular segment of the business, more closely dealing with non-financial metrics and short-term operational decision-making, rather than medium-longer term financial impact.
Operational Planning is typically done by, and for, an operational department rather than 'for' Finance. In some organisations, however, the role of the business partners in the commercial Finance department crosses over quite heavily into 'operational' planning.
This can, and often does, lead to some interesting questions about the boundaries of scope when implementing a Financial planning system, which is initially designed primarily to deliver the Budgeting and Forecasting requirements of the Finance department.
The Hyperion Planning technology, and in particular its powerful underlying Essbase engine, does lend itself to supporting these wider operational requirements as well. It all becomes a question of what to do, in what order, properly integrated where appropriate, with the right people taking ownership, responsibility and (of course) paying for it!
If it sounds like we're speaking your language, Please contact Nigel Dahl through LinkedIn using the button below, or call him now on +44 (0)7799 664165.
Managing Director of epmgurus, brings 30 years of diverse experience to bear in helping organisations and teams through change – of size, structure, systems, management or ownership.
Nigel has run, advised, supported or worked with Finance functions from one-person operations up to globally dispersed Finance departments of several thousand people. He knows what good (and bad!) looks like.
Enterprise Performance Management (EPM) is a broad term covering any business process that seeks to improve performance through a continuous loop of data collection, reporting, analysis and, most importantly, informed and targeted action.
In practice, Finance EPM is generally considered to cover at least Strategic, Financial and Operational Planning, Budgeting and Forecasting, Management Reporting (MI), Financial Consolidation, Statutory Reporting, Profitability and Cost Management, including Cost Allocation.