The concept of scenario modeling has been around for years. However, it didn’t really come into the spotlight until the pandemic hit. If you’ve ever wondered why some companies retracted their guidance last year and replaced it with nothing – it’s because they only had one set of numbers. They weren’t planning for “What if the world goes haywire?” Businesses that develop best-case, worst-case, and likely-case scenarios within the financial constraints of their organization are adopting scenario modeling to steer decisions. It’s more important than ever to have your balance sheet at hand. Scenario modeling allows for comprehensive high-level forecasting of financial statements and supports long range planning requirements. Avoiding significant losses and coming out ahead of the competition should always be the focus.
In this session, we discussed the benefits of creating well-rounded potential outcomes as they pertain to economic uncertainty, how to determine which KPIs are associated with the most probable outcomes, and the importance of being able to pivot business plans using collected data and analytics. Don’t wait any longer. Take the first step in learning how to rule the world with scenario modeling by watching the session recording!
Jan 19, 2022, 1:00 pm CST
ArganoInterRel’s private Zoom video platform
Oracle Scenario Modeling
Tel: (972) 735-8716
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