SoftGuide > Functions / Modules Designation > What-if analyses

What-if analyses

What is meant by What-if analyses?

The term "what-if analysis" refers to the analysis of hypothetical scenarios to evaluate the potential impacts of various decisions or events on a company. By playing out "what-if" scenarios, companies can be better prepared for future challenges and make informed decisions.

Typical software functions in the area of "what-if analysis":

  1. Scenario Creation: Creation and management of various hypothetical scenarios based on different assumptions.
  2. Data Modeling: Using data models to simulate the impacts of changes in variables such as revenue, costs, or market conditions.
  3. Outcome Comparison: Comparing the results of different scenarios to identify the optimal decision paths.
  4. Risk Assessment: Analyzing the potential risks and opportunities associated with each scenario.
  5. Visualization: Displaying scenario results in charts and graphs for better understanding.
  6. Reporting: Automated generation of reports that summarize the outcomes and insights from the what-if analyses.
  7. Integration Capability: Ability to integrate data from various systems to conduct comprehensive analyses.
  8. Real-time Analysis: Conducting analyses in real-time to quickly respond to changing conditions.

Examples of "what-if analysis":

  1. Sales Forecast: Analyzing the impacts of different market conditions on sales figures.
  2. Budget Planning: Evaluating how changes in the budget would affect the financial situation of the company.
  3. Price Changes: Investigating the impacts of price changes on revenue and profitability.
  4. Cost Reduction: Simulating the savings from various cost-cutting measures.
  5. Market Entry: Assessing the potential impacts of entering a new market.
  6. Supply Chain Disruption: Analyzing the effects of supply chain disruptions on production and revenue.

 

Save time and let SoftGuide do the research for you!

Learn more now!

The function / module What-if analyses belongs to:

Statistics/Forecast

Financial controlling

Software solutions with function or module What-if analyses:

myPARM - Multi-project management software
Multi-project management and PPM software
elKomBI
elKomBI
 
 
 
 
 
 
Controlling software for analysis, planning and reporting with IBM Planning Analytics TM1
FuturMaster
FuturMaster
 
 
 
 
 
 
Integrated and efficient planning of your supply chain
PST-BI
PST-BI
 
 
 
 
 
 
Data warehouse, cost accounting, planning, reporting, business analytics for SMEs
Business Partner Due Diligence System BPDD
AI-based business partner check
Microsoft Power BI
Microsoft Power BI
 
 
 
 
 
 
Recognizing and exploiting corporate potential
Detact®
Detact®
 
 
 
 
 
 
Artificial intelligence for manufacturing process chains
MCS COMPLIANCE PLATFORM
Powerful compliance platform innovative IT systems
elKomKONS
elKomKONS
 
 
 
 
 
 
Software solution for consolidation (HGB, IFRS, US-GAAP) and planning & reporting
elKomPLAN
elKomPLAN
 
 
 
 
 
 
Software for integrated corporate planning, reporting and group consolidation