Workday Adaptive Planning can be a boon for businesses of all sizes. From sales planning, to workforce, to financials, the standalone tool can have a transformative effect using formidable technology and incomparable and robust data sets. In fact, what adaptive planning can do for your organization, no other system can do. If we sound on the bullish side, it’s because we are. Here is why.
What is Adaptive Planning?
Adaptive planning is an iterative process – meaning the implementation phase will be ultimately followed by a new situation assessment – for organizing various and disparate info analyses, flows, opinions, and issues that come together in strategic planning.
The stages of adaptive planning include:
- Situation measurement. Here, you analyze the environmental and internal factors that affect business performance, plus a comparison of past performance as it relates to expectations and goals.
- Creating strategy. With this stage, you’re pinpointing top issues that have a significant affect on performance and creating strategic options for handling every issue.
- Making decisions. You’re calling shots at this stage, allocating resources, figuring out your strategic thrust, laying out all the options.
- Launch. You’re putting in place projects, programs, and action plans that are based on your analyses.
What About Workday Adaptive Planning?
Founded 18 years ago, Workday Adaptive Planning offers a Business Planning Cloud-based system for forecasting, budgeting, planning, consolidation, and reporting.
The system builds in organizational agility, which is crucial in today’s wild and wooly economic and social environment. To be able to make improved strategic decisions and swiftly act on them, you need a platform that lets you quickly and smoothly adapt to evolving business conditions, such as what Workday offers. Oh, and adaptive planning involves everyone in the organization, from top to bottom. A people-centric approach works best here.
What are Some of the Features of Adaptive Planning?
With Workday, your scalable, flexible, user-friendly planning platform gives you a holistic gander of your organization. Thanks to the power of Workday Adaptive Planning’s Elastic Hypercube Technology — the system’s modeling engine — planning is a cinch. There’s also no need for third-party tools since the system has a built-in integration framework that’s primed and ready to go.
What Specifically Does Workday Help With?
- Financial planning. We’re talking comprehensive and continuous reporting, analysis, and financial planning. This is the hallmark of Workday Adaptive Planning.
- Workforce planning. Here, you can deliver dynamic plans that produce vastly improved business results. The system also helps you to fortify collaborations between human resources and managers and execs so that you get the most from workforce plans to meet your strategic objectives.
- Sales planning. With adaptive planning, you can swiftly heighten performance, enhance predictability, and maximize sales resources.
- Operational planning. The software allows you to model, with flexibility, anything that’s specific to where you’re located, your function, or your industry. Also, operational details are more available in real-time than ever.
Should You Go It Alone?
If you want access to adaptive planning’s strong tool PLUS dynamic data sets that can help you make the best decisions possible, then you should consider buying and implementing Workday Adaptive Planning through Mercer, the leading human resources consultant. Mercer has deep knowledge of Workday’s system, which could ultimately, and greatly, benefit your business.
Now that you know what adaptive planning can do for your organization, now’s the time to shed that cumbersome and tired system that’s been holding your company back. If you don’t have the agility to plan during these crazy times, you’re going to be left behind.
