The biggest drawback to most cost and profitability systems is their inability to answer the question, “What will happen if…?” Most planning and scenario analysis processes are tangled in static spreadsheet processes that are a chore to manage, prone to errors, and tough to share or secure. With companies focusing more on financial planning & analytics (FP&A) functions to drive their strategies, finance teams need the ability to confidently and accurately predict the impact of internal and external changes on both costs and profits.
One of the most powerful features of ImpactECS is the ability to create simulation environments that use the same logic, assumptions, data inputs, and methods to generate scenarios and make predictions. With ImpactECS, you can manipulate any model variable to measure its effect on cost and profits – providing answers to stakeholders and executives across the organization that make tactical and strategic decisions.
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