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

Spreadym

What-if analysis is a technique used in financial planning and decision-making business software to assess the potential outcomes of different scenarios or changes in variables. It involves evaluating the impact of various "what-if" situations on financial flows projections, business performance measures, or outcomes.

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Budget vs Actuals: The Key to Measuring Business Performance  

Centage

When departments or teams are responsible for budget adherence, it encourages them to manage finances responsibly. 5 Ways Budget vs Actuals Analysis Improves Strategic Decision-Making Budget vs actual analysis provides a snapshot of your financial performance and plays a pivotal role in shaping your strategic decisions.

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What is Financial Planning and Analysis (FP&A)?

Spreadym

By providing financial insights and analysis, they assist in evaluating investment opportunities, assessing the financial impact of strategic initiatives, and developing long-term financial plans. They develop financial models that simulate various scenarios and assess the outcomes on key financial metrics.