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Financial Forecasts vs. Projections: 3 Essential Differences

Insight Software

That would presumably precipitate some discussions about the number of new locations, the expected volume of increased revenue, staffing requirements, capital investments needed, and any other related revenue and operating expenses. This time, the analysis is based on actual plans and conditions as they are known today.

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Four Benefits of Scenario Modeling in Excel

Insight Software

The sales cycle may be considerably longer and require more effort and expense, for example. What will happen if the cost of materials skyrockets (as has happened recently), or if the availability of certain inputs is limited (as has also happened)? Consider a typical financial analysis process.

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From IT Dependence to Ad Hoc Reporting: Why and How

Insight Software

In other cases, companies must turn to expensive outside consultants who charge hundreds of dollars per hour for the work. It causes delays and costs money. Unfortunately, these tend to fall short of the mark when it comes to usability and robustness for financial reporting. Those kinds of errors can be difficult to locate.