A guide to financial planning tools and techniques

Business planning has become a major management concern within many corporate organizations since business planning systems now assist in the conduct and management of many corporate activities. Common to all planning groups is the rising cost of development, implementation, and maintenance of planning systems and, as a result, financial planning programs and techniques have been formulated to facilitate these areas. The tools presented in this paper may automate one or more tasks in the planning process, establish libraries of proved computational routines in the form of macroinstructions and subroutines, or provide assistance in a planning support area such as data management and report generation.