Date 29/03/2023
Category Big Data
Would you like to improve your company's planning and budgeting with an integrated and easy-to-use solution? Then you are interested in Back2Plan, the product that connects your business tools to IBM Planning Analytics, the leading planning tool on the market. In this article we tell you what Back2Plan is, how it works and what benefits it can bring to your business.

What is Back2Plan?
Back2Plan is a connector that allows you to integrate your usual business tools, where your information and data is, with IBM Planning Analytics, the planning and budgeting tool from IBM, of which we are a leading partner.

IBM Planning Analytics is a solution that allows you to create and manage plans, budgets and forecasts in an agile and collaborative way. With it you can model scenarios, analyse data, create reports and dashboards, and automate processes. It also integrates with other IBM applications, such as Cognos Analytics or Watson Studio, to give you a complete and advanced view of your business.

How does Back2Plan work with IBM Planning Analytics?
Back2Plan works as a bridge between the ERP, CRM or any other management tool you use and IBM Planning Analytics. In this way, you can take advantage of the data you already have and transfer it to IBM Planning Analytics to create and manage your plans, budgets and forecasts. That information doesn't stop there, Back2Plan sends the forecasts or budgets back to your management tool so you can continue working on it with your new integrated information. Back2Plan is bidirectional. It doesn't add, it multiplies.

Back2Plan adapts to any type of ERP, be it SAP, Oracle, Microsoft Dynamics or any other. In addition, it is compatible with different data formats, such as CSV, XML or JSON. Back2Plan extracts, transforms and loads the data from the ERP to IBM Planning Analytics, respecting the structure and quality of the data.

Back2Plan also allows you to do the reverse process, i.e. send the data from IBM Planning Analytics to the ERP. In this way, you can maintain consistency and synchronisation between the two platforms.

What are the benefits of Back2Plan?
Back2Plan has many benefits for your company. Some of them are:

  • Saving time and money: by integrating the ERP with IBM Planning Analytics, you avoid having to enter data manually or use external tools that can generate errors or duplications. Thus, you save time and resources in data management.
  • Improved efficiency and productivity: by having up-to-date data available in IBM Planning Analytics, you can create and manage your plans, budgets and forecasts more quickly and accurately. This improves the efficiency and productivity of your team.
  • Improved decision making: with a powerful and flexible tool like IBM Planning Analytics, you can analyse data from different perspectives, model scenarios, create reports and dashboards, and automate processes. This improves data-driven decision making.
  • Improved competitiveness: By optimising your company's planning and budgeting with Back2Plan and IBM Planning Analytics, you can better adapt to market changes and customer expectations. Thus, you can offer a better service and differentiate yourself from the competition.

In addition to all this, what if you could include other factors unknown to your historical data? How would integrating hypothetical variables influence your planning? With Back2Plan you can include in your planning, forecasts or budgets important variables, elements that can considerably affect your business and that are not in your data or in your historical data. You can even generate sandboxes to play with your data. Consider factory closures, revenue reductions, sales increases, the influence on your business of variables such as the weather or the competition... plan in hypothetical scenarios and turn them into real ones with the artificial intelligence of IBM Planning Analytics.

What are you waiting for to try Back2Plan? If you want to know more about this solution and how it can help you improve your company's planning and budgeting, do not hesitate to contact us. We will be happy to advise you and offer you a free demo - don't miss this opportunity!