The starting point for all management and control processes is a yearly strategic planning review, which also determines the Group’s long-term investment focus. These decisions are then used to establish medium-term objectives for the Banking (Glossary)  and Retail (Glossary)  segments and for the planning processes conducted by different units and functions within the Group. Budget targets are drawn up in response to the multi-year plan and flow into the operational planning of each business unit. In this way, they serve as a basis for the preparation of detailed budget targets and measures.

Operational planning also involves conducting a review of our risk and opportunities portfolio. This forms the basis of risk and reward management at Wincor Nixdorf, and of the risk-based evaluations conducted by the internal audit. Monthly rolling forecasts are produced in response to current profits and developments. This allows us to identify any departures from agreed targets at an early stage and to take prompt measures to ensure that those targets are met.

Analysis and decision-making are supported through the system-based tracking of all planning, control and reporting processes. Our integrated information systems are constantly updated to ensure continuous management and control of all the Group’s business areas.