Today's digital economy has disrupted traditional business models and increased competition across geopolitical boundaries. The economic uncertainties resulting from the pandemic have exposed gaps in the processes for businesses to plan effectively. As a result, businesses need to realign their operating models to become more agile, adaptable, and innovative.
Changes in purchasing habits, coupled with supply chain disruptions and labor challenges have placed immense pressure to maintain profitability on the operations teams of most enterprises. Businesses are compelled to explore new opportunities for aligning teams across their entire enterprise and foster cross-functional collaboration. To succeed, finance and operations teams must dynamically work together, with access to data that reflects the recent changes in their business models.