Excel spreadsheets are useful for getting results with simple formulas, but they aren’t designed to handle large data volumes and complex scenarios. These limitations become even more apparent as business models change and market dynamics shift. As a result, finance teams often become overwhelmed and burnt out as they strive to meet tight deadlines with the tools available to them.
At the same time, the use of predictive planning technology is skyrocketing: one in four organisations already use predictive algorithms and machine learning productively to produce their plans and forecasts in less time and with more accurate results, according to BARC research.
One thing is clear: a more efficient scenario planning process can uncover advantages for finance teams and their organisations. This guide addresses the limitations of traditional, spreadsheet-based scenario planning and lays out a streamlined approach. Finance teams in any organisation can elevate their process – whether they’re seeking a step up from Excel or exploring AI and predictive planning.
About Kybos
Kybos is a dedicated UK Jedox gold partner. We build planning and analysis solutions that deliver value fast using accountancy qualified consultants. Whether you want a fully customised application or to build upon an existing solution, Kybos consultants are here to help.