How Manufacturers Can Increase Profits by Revamping FP&A
Channel: Acterys
Date: 2023-10-31

Reducing costs, while continuing to meet customer expectations, is often a delicate balancing act. As complexity rises, maintaining this balance can require a frightening amount of decisions and actions, all of which rely on having the right information at the right time. Even scarier — outdated FP&A processes and solutions are not helping manufacturers to do so, and cost as much as 50% of their profits. Fortunately, you can rid yourself of the frustrations of inefficient systems and manual processes with Acterys 360ibp. 

Tune in as Mike Zack, Acterys COO is joined by Dean Sorensen, founder of IBP Collaborative, to discuss the challenges of traditional and general-purpose FP&A solutions and how you can navigate even the scariest haunted house. Learn how fully integrating strategic, financial and operational planning and performance management (P&PM) processes at an enterprise level results in mature forms of rolling forecast processes that enable dynamic cost and profit optimization.   

You’ll learn how these innovative processes:

- Allow inventories and cost structures to self-adjust to market changes to deliver profit targets.
- Identify, quantify and prioritize cost reduction opportunities, as a key output of this process.
- Support digital strategies and management of customer/segment profits, across functions and entities.
- Enable enterprise-wide scenarios, supported by embedded predictive and prescriptive analytics.
- Entrench tax, direct cash flow and treasury optimization, as part of enterprise scenario planning.
- Reduce annual budgeting to less than 1 month and enterprise P&PM costs by up to 50%.


⏳ In this video: 
05:42 - Introduction
08:24 - Profitability and Related Challenges 
17:57 - Overview of the Small Manufacturer
21:03 - Complex Planning and Analytics
22:03 - Performance Management and Integrated Processes 
36:57 - Information For IBP Practitioners 
45:07 - How to Get Started 
48:55 - Q&A