By Knowledge Base on September 17, 2024
Note: Some features in this article are only available in full accounts.
During difficult economic times, it becomes necessary for many organizations to cut spending. Balancing Act can help with this unfortunate task by presenting cut options, with whatever level of detail you want, so that stakeholders can consider all the options, see their cost impact, and provide informed input to decision makers.
These simulations can either be complex, with layers of detail and information, or extremely simple, letting users just answer "yes" or "no" to an item. You can also let users choose their preferred revenue scenario.
Click here to explore the above example of a quick, internal-facing budget-cut simulation for a department.
If you find yourself in the position of needing to create a budget-cut simulation, we recommend using our budget simulation tool with the following settings:
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