The path of growth with the scenario planner. Oracle EPM
When business-as-usual scenarios are called into question, the conversation must evolve from predictions to key questions. The current crisis has shown us that business leaders cannot make wild bets.
Big questions have arisen: “Will there be fundamental changes in our business model and in our customers’ expectations?”, “What new opportunities will arise?”, “How can we position ourselves for recovery and growth?”
Partners and Directors expect financial leaders and their teams to provide answers and be supportive in making decisions with lasting high impact. Scenario planning comes as a tool that gives the Finance areas the possibility of proposing hypothetical schemes and evaluating the results in each case. This strategic planning method integrates cash flow forecasting with a business forecast, so organizations can balance their short-term needs and long-term priorities.
4 actions to take advantage of scenario planning
- Risk decisions with Monte Carlo simulation (statistical modeling technique specific to scenario modeling).
- Communicate plans internally and externally with narrative reports.
- Optimize your cash flow with cash management.
- Discover new opportunities with cost and profitability management.
More information on the Oracle Blog