A SYSTEM BUILT FOR MODELING
When incorporated effectively into the ongoing financial management process of an organization, scenario planning becomes a tool for both managing risk and identifying and seizing market opportunities.
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MANAGE UNCERTAINTY WITH CONFIDENCE
The norm of modern-day economics is “uncertainty.” This makes for a very problematic foundation for planners. More often than not, only a single/stable economic scenario is used as a point-of-reference when developing an organization’s budget or forecast. With modern financial planning systems and processes in place, finance teams should be able to easily present multiple forecasts to executive decision makers on an ongoing basis.
AGILE PLANNING FOR MODERN FINANCE TEAMS
Axiom Software has made a concentrated effort in its technology to support driver and scenario based planning. Organizations can start by conducting a simple sensitivity analysis on the impact of key drivers on financial performance or build more advanced, multivariate or initiative based scenarios plans. Effective scenario planning is a powerful organization learning tool, shedding light on assumptions and biases that are otherwise hidden as well as expanding the scope of what’s possible with regards to the organization's strategy.