FP&A scenario management demystified: Your path to navigating uncertainty
Explore the latest report from FP&A Trends
Uncertainty is the norm in today’s business landscape, and the future is filled with various possibilities. This presents a significant challenge for financial planning and analysis (FP&A) teams responsible for creating strategic plans. According to FP&A Trends, the top challenge is a lack of a single source of data that everyone trusts (see chart). Making confident decisions about the future becomes even more difficult with unreliable data, shifting business drivers, and rapidly changing market conditions. Many organizations now experience a predictability span much shorter than one year, often lasting months, weeks, or even days.
The latest research from FP&A Trends emphasizes the importance of scenario management as a vital tool for navigating this dynamic business landscape. The report evaluates the transition process and roadblocks organizations may encounter, with a focus on practical steps to embrace the scenario management ecosystem.
Top FP&A challenges organizations face today
Dive into detailed interviews with senior finance professionals, thought leaders, and international FP&A board members. Additionally, review recent survey findings and analysis from FP&A Trends, offering a practical guide for organizations navigating an uncertain business landscape.
“Data provides the foundation to analyze dependencies and correlations and test the validity of hypothesis-based historical data. These result in driver-based planning logic of the business model, where scenarios can be created, and outcomes simulated.”
– Dr. Rolf Gegenmantel, Chief Product Officer, Jedox