What is the value of using dedicated software for financial planning?

Our research shows that dedicated applications are superior to spreadsheets in terms of how well they perform and how satisfied their users are with the planning process. Organizations that use such software get better results: 87 percent of companies that said their software performs very well also said they have a process for creating finance analytics that works well or very well. Only 37 percent of companies with software that works neither well nor poorly have a good planning process. Companies invest a considerable amount of time in financial planning, and they should insist on getting the highest return on that investment by cutting the amount of time it takes to plan and making the results of that financial planning and analysis much more valuable.

© Ventana Research 2015 Ventana Research: Q&A: Strategic Financial Planning and Management