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What – if scenario planning: be ready for what’s next’

Author: Workday

Published: 05 Apr 2024

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In a world of continuous change, there’s only one thing more powerful than business agility: continuous foresight. The ability to accurately discern your best, worst, and most likely potential outcomes in a turbulent environment provides a significant competitive advantage.

Scenario planning doesn’t predict the future—it enables you to analyse and prepare for several possible futures. And it’s playing a key role in a wider paradigm shift.

Businesses are changing the way they plan, budget, and forecast. They’ve transitioned from traditional planning—a closed, static, infrequent process that provides limited, backward-looking snapshots of expected performance versus reality—to modern planning, which enables an ongoing, open-ended, and forward-looking process.

In this eBook, learn how “what-if” scenario planning can help your organisation accurately discern your best, worst and most likely potential outcomes. Topics include:

  • What makes “what-if” scenario planning so effective
  • Best practices for putting it to use
  • Benefits across your organisation

About Workday

Workday Adaptive Planning provides the planning platform companies need to easily adapt to changing business conditions and enable an active planning process that incorporates everyone in the organisation. The easy to use and integrated tool, helps to automate and streamline your finance processes so you’ll have more time to guide strategy and support business growth. And, because the platform works with any ERP/GL or other data source, you can get value right away. Workday Adaptive Planning is used by more than 6,300 organisations around the world and across industries—from SMBs and medium-sized businesses to leading large enterprise companies.

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