Remove Budgeting Remove Business Analytics Remove Forecasting Remove Manufacturing
article thumbnail

3 Levels of Stress Testing Your 2023 Financial Plan

Centage

You can update your forecasts based on the analysis. By accurately forecasting the impact of a scenario, you can confidently make recommendations to the executive team. By accurately forecasting the impact of each what-if scenario, you can pre-warn the executive team, so they can make contingency plans. Stress Test Your Budget.

article thumbnail

What is Enterprise Performance Management (EPM)?

Planful

As anyone who has worked in a business enterprise knows, this can be challenging as an organization grows and evolves beyond its roots. To support this, EPM includes the following management processes: Budgeting, planning, forecasting and modeling. Consolidating results and closing the books on a periodic basis.