Adaptability is the highest calling of financial planning & analysis. By knowing the ways things may play out (and how it will impact your financials), you can budget appropriately, reduce uncertainty, and react more quickly to change.
Fortunately, Microsoft Excel makes it easy to visualize these changes to your financial plan and summarize the data to drive better decisions.
If you often ask, “What if something happens?” while running your business, we’d like to introduce you to your new best friend: what-if analysis. These scenario-building tools live right inside Excel.
You can model future conditions with a few simple steps and understand how changes will impact your business.