Question: I need a solution that can help me create accurate forecasts and budgets, and also provide scenario modeling for different business outcomes.

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Datarails

Datarails is a full-featured financial planning and analysis (FP&A) software package that automates data consolidation, financial reporting and budgeting. It can link to widely used accounting software, ERPs and CRMs, consolidating financial information into one system. Features include data consolidation, financial reporting, monthly close, budgeting and forecasting, scenario modeling, data visualization and AI-driven insights. Finance teams in many industries use it, and it can save a lot of time and help you get to more strategic insights and business growth.

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Workday Adaptive Planning

Another powerful option is Workday Adaptive Planning, a cloud-based Enterprise Performance Management (EPM) system. It's got a broad range of business planning abilities, including financial planning, workforce planning, operational planning and close and consolidation. The system uses sophisticated AI and machine learning for better insights, ease of use and deeper analytics. It's good for companies of all sizes and types, helping them with planning and budgeting, workforce planning and financial reporting.

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whatifi

If you're looking for a tool that's geared more specifically to financial modeling and forecasting without the spreadsheet overhead, whatifi is an interesting option. It lets you create and share real-time cash flow forecasts and financial models, and you can quickly simulate different business scenarios. It can link to common financial software like Excel, QuickBooks and Xero so you can easily import and update data. It's good for CFOs, financial pros and anyone else who needs fast and confident decision-making tools.

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