Surrounded by uncertainty, business leaders are counting on finance teams to light the path forward. But typical leading indicators are unreliable as the world grapples with widespread illness and restrictive prevention measures. What will happen? Nobody knows for sure. The one thing we do know is that businesses need better tools to quickly plan for multiple outcomes as things change.
Scenario planning applications are rising to the occasion, helping financial planning and analysis (FP&A) teams to model multiple scenarios with confidence. And beyond the current crisis (or the next one), scenario planning helps with the everyday uncertainty that has become a part of doing business-even before the pandemic.