article thumbnail

What-if analysis or why is it important for good financial planning software?

Spreadym

It involves evaluating the impact of various "what-if" situations on financial flows projections, business performance measures, or outcomes. For example, you can assess the financial impact of economic downturn or supply chain disruption.

article thumbnail

What is the difference between planning, budgeting and forecasting for a business?

Spreadym

It is a tool used to anticipate the financial performance of a business or a specific project. Forecasts can be short-term or long-term and are usually based on assumptions about factors like market conditions, customer behavior, economic trends, and internal capabilities.

article thumbnail

Transcript: Marta Norton

Barry Ritholtz

So I leave the Bureau of Labor Statistics and I move into economic consulting. I think a lot of people think of Morningstar, and rightly so for the star ratings, which are performance measurements. That’s very funny. So from Bureau of Labor Statistics, how did you transition over to Morningstar? NORTON: Right.