Modeling vs Budgeting: Organizational Interdependency
Many organizations are already projecting their operating budgets forward, but those budget projections are incapable of answering new strategic questions around capital projects and initiatives. See how Stetson University used Synario in conjunction with an existing budget model to answer a mission-critical strategic trajectory question.
Predict with PrecisionIncorporating probabilistic strategies into everyday decision-making is relatively easy to do and, with practice, business officers can better anticipate the future, which will lead to more thoughtful planning at an institutional level.
Preventing Scope Creep in Financial ModelingScope creep is continuous or unscheduled growth beyond the agreed-upon confines of the model, which can lead to inefficient or unusable forecasts.
Design Thinking in Financial ModelingDesign thinking offers an experimentation focused approach to iteratively creating models with core-users in mind.