Financial planning and analysis (FP&A) functions are at the forefront of guiding organisation

Traditional legacy and static methods are no longer sufficient for budgeting, planning, and forecasting. To help navigate this challenge, we must turn to Scenario Planning and Rolling Forecasts to guide us. 

The economic volatility of 2020 has revealed the shortcomings of the traditional FP&A process and the pressing need for transformation. For budgeting, planning, and forecasting in particular, conventional methods are no longer sufficient This is where Scenario Planning and Rolling Forecasts can help guide us. 

FP&A Predictive Analytics and Scenario Planning represent a truly powerful force for dealing with uncertainty, complexity, and risk. Watch the full recording of the UK&Ireland Board to learn more about the key factors that are needed for the successful implementation of Predictive Planning and Scenario Planning.

In this environment of ‘unknown unknowns’, the future is becoming more and more difficult to predict. Traditional management accounting methods based on historical data alone are no longer sufficient for planning and forecasting. Scenario Planning can help us overcome this challenge. 

Traditional management accounting methods are no longer sufficient in the environment of “Unknown Unknowns”. To help navigate this challenge, we must turn to Scenario Planning to guide us.