Business Planning is used to create, produce and store financial plans, budgets and forecasts for different purposes. These plans can be all the way from a high level, several year, business plan over rolling forecasts to a single detailed year budget. By using the modeling capabilities and driver based planning it is also possible to create alternative plans based on changed assumptions or pre-requisites for further analysis and comparison.
The outcome of these plans are typically used for reporting and analysis in different ways, both for analyzing the plan itself as well as to compare the plan with actuals later. How to do this is described in more detail below.
See About Business Planning for more details.